3 companies are jumping on the Web 3.0 bandwagon

  • Web 3.0 refers to the third generation of the World Wide Web after its initial release in 1990 and its subsequent major release in 1994 with HTML 2.0.
  • Nvidia (NVDA): Nvidia’s GPUs are used in high-performance computing, gaming, and artificial intelligence applications.
  • Advanced micro-systems (AMD): AMD is best known for its high-quality CPUs and GPUs used in computers, consoles, and server farms. AMD chips are ready to power the next phase of the Internet.
  • Unit Software (you): With the Unity platform, you can develop content that you can enjoy in the next generation of Web 3.0.

Source: Shutterstock

The term Web 3.0 refers to a new way of working on the Internet. It’s a shift from traditional Web 2.0, where websites were mostly personal, to Web 3.0, where websites are more about interacting with other users and collaborating with other platforms and services. .

Web 3.0 is an emerging technology that has yet to be widely adopted by businesses and consumers. Its basic principles are still being conceptualized. However, it is one of the most important technological advancements in recent years, as it will have a major impact on the way people use and interact with the Internet in the future.

If you’re looking to build a solid portfolio, the following three companies are worth looking into.

Teleprinter Company Current price
NVDA Nvidia Corporation $186.75
AMD Advanced Micro Devices, Inc. $95.34
you Unity Software Inc. $57.34

Web 3.0 companies: Nvidia (NVDA)

Nvdia (NVDA) office building with lime green logo on front panel.  Green grass and clear sky are visible..

Source: JHVEPhoto / Shutterstock.com

Nvidia (NASDAQ:NVDA) specializes in the design and manufacture of various types of graphics processing units (GPUs). It provides GPUs to other companies, such as Dell Technologies (NYSE:Dell) and HP (NYSE:HPQ), using Nvidia technology to power their computers.

Nvidia also manufactures Tesla P100 GPU accelerators for data center servers and Tesla V100 GPU accelerators for high-performance computing clusters.

The ability to “train” computers through repetition and feedback depends critically on the use of computer chips. Therefore, computers cannot reach their potential without any machine learning capability. Nvidia is a famous chip manufacturer, and they are responsible for making the tokens that will power Web 3.0.

Advanced Micro Devices (AMD)

Close up of AMD sign in Markham, Ontario, Canada.  Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company.

Source: JHVEPhoto / Shutterstock.com

Advanced micro-systems (NASDAQ:AMD) designs and manufactures computer processors and related technologies for the computer, graphics and communications industries. AMD is one of the top three microprocessor vendors. Its turnover has continued to grow in recent years. In addition, it continually evolves its products to stay on top of the market.

AMD is actively working on Web 3.0, which is a new generation of web applications. His efforts will give users more control over their data. It will also make it easier for them to use digital services without having to rely on third-party platform providers.

This world has more than eight billion connected IoT devices. According to forecasts, by 2030 there will be 24 to 26 billion of these devices in the world. This figure can only increase as we bring more and more technology into our homes and develop the digital world. AMD chips are poised to power the next phase of this internet revolution.

Web 3.0 companies: Unity Software (U)

In this photo illustration the Unity Software Inc. (U stock) logo seen displayed on a mobile phone and computer screen.

Source: viewimage / Shutterstock.com

Unit Software (NYSE:you) allow developers to create interactive 3D and VR experiences. He is one of the most popular game engines in use today. This is due to its ease of use and flexible features, as well as its large community of developers. You can use the engine to create many different types of video games. Some of them include first-person shooters, third-person action games, role-playing games, massively multiplayer online role-playing games, real-time strategy games, sports simulations, casual games and even virtual reality applications.

Unity is an engine that allows you to create 2D or 3D games and interactive experiences. Moreover, the company has a very impressive list of supported devices. It also includes powerful tools for creating virtual reality experiences as well as 3D audio tools like binaural audio rendering.

That’s why we’re excited about Unity. With its platform, you can develop content that users can enjoy in the next generation of Web 3.0.

At the date of publication, Faizan Farooque did not hold (neither directly nor indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com Publication guidelines.

Faizan Farooque is a contributing author for InvestorPlace.com and many other financial sites. Faizan has several years of experience in stock market analysis and was a former data reporter at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions about their portfolio.

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