Best Web 3.0 stocks to Buy

Over the past decade, tech giants like Amazon, Alphabet, and Meta Platforms have dominated the Web 2.0 ecosystem. Web 2.0 has brought many benefits including search engines, social media, online video streaming, and more. However, it has largely become dominated by a handful of tech giants — companies that provide services in exchange for your personal data. This stifles competition and has created privacy issues.

Also known as the decentralized web or Web3, Web 3.0 is the next generation of the internet, which is an improvement over the current Web 2.0 Internet. The third version of the internet will have more transparency and boast massive content that will be accessible to all. Users will be able to collaborate on Web 3.0 without worrying about the central, data-specific repositories.

Currently, the companies that are running their businesses on the Web 3.0 model are mostly private startups. There are companies building versions of Facebook and Twitter on blockchain for Web 3.0 social media. Some companies are developing payment platforms while there are those that are building games on 3.0 business models.

Web 2.0 has made several billionaires including Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, Google’s Larry Page and Sergey Brin, and Twitter’s Jack Patrick Dorsey. Also, the success of Web 2.0 companies has provided investors the opportunity to make significant money through equity investment. If you feel like you missed the Web 2.0 takeoff, this could be a chance to make up for it. On that note, let’s take a look at a few Web 3.0 stocks to buy for lucrative long-term returns.

Best Web 3.0 stocks to buy

Advanced Micro Devices (NASDAQ:AMD)

Advanced Micro Devices (AMD) is one of the semiconductor designers racing to develop the most powerful artificial intelligence (AI) computing and graphics chips for Web 3.0. Bank of America anticipates AMD will gain 25% of the server market by the end of 2022.

Apple (NASDAQ:AAPL)

AAPL stock currently hovers around $175. Shares are trading at 28.9 times forward earnings and 7.6 times trailing sales. The 12-month median price forecast for Apple is $192.

Block (NYSE:SQ)

Jack Dorsey-led Square decided to rebrand itself as Block in a nod to blockchain technology and Web 3.0. It has solutions for point of sale, peer-to-peer payments, and cryptocurrency. The reason Block Inc. is one of the top Web 3.0 stocks is mainly because of its leadership.

SQ stock is down 18% so far in 2021. However, it’s up 1,160% over the past five years. Shares are currently at historically cheap levels at just 3.5 times trailing sales. The 12-month median price forecast for Block stock stands at $230.

Coinbase Global (NASDAQ:COIN)

Coinbase Global, one of the leading cryptocurrency exchanges in the US, has around 75 million users. It also offers crypto wallet products and has an investment in several startups with Web 3.0 projects.

Coinbase just went public in early 2021. COIN stock currently around $194. Shares are trading at 20 times forward earnings and 7.3 times trailing sales. The 12-month median price forecast for Coinbase stock stands at $360.

Nvidia (NASDAQ:NVDA)

Nvidia’s technology is primed to power the future of Web 3.0. It has solutions for next-generation technology including artificial intelligence, the internet of things, cloud computing and deep machine learning. The chipmaker is now developing advanced AI chips that run new Web 3.0 applications and platforms. In addition, the company has recently launched Nvidia Omniverse, a platform designed for Web 3.0 developers to build their metaverse products.

In FY 2021, Nvidia posted annual revenue of $16.68 billion. Nvidia’s stock is up 130% so far in 2021 and up 1,100% over the past five years. NVDA stock currently around $194. Shares are trading at 46.5 times forward earnings and 25 times trailing sales. The 12-month median price forecast for Nvidia stock stands at $355.

Twitter (NYSE:TWTR)

TWTR stock trades currently around $37 per share. Shares are trading at 26 times forward earnings and 5.5 times trailing sales. The 12-month median price forecast for Twitter is $51.50.

Unity Software (NYSE:U)

Unity Software, offers a platform to develop real-time 3D content for mobile phones, PCs and augmented reality (AR) devices. Its platform offers underlying architecture for developing and participating in the metaverse, a market that can be over $800 billion in 2028.

U stock trades around $115 per share. Shares are trading at 26 times trailing sales. The 12-month median price forecast for Unity stock stands at $160.