Its team is one of the most impactful in crypto. In crypto, most loans need to be overcollateralized. Nonetheless, startups are already challenging major internet companies with solutions that promise to give consumers more ownership of their content, improve data privacy, and end fees taken by middlemen. NFTs for metaverse items can also be listed on external NFT marketplaces. are looking to change this. Crypto.com 4. They aim to help investors in this web3 revolution. Since that time, it has partnered with hundreds of clientsfrom startups to Fortune 500 companiesto design systems that unlock human potential and develop products that customers love. To invest in Web3 you have to decide first if you want to be an active investor or a passive one. It owns and operates its token, the BTRST token. With over six years of startup and business experience, and being highly involved in connecting with thousands of companies and startups, the 9cv9 team has distilled important learning points into this overview of top Web3 companies and startups in Singapore. Inhabitants to buy, sell, and create goods and experiences; however, these transactions are all based on each worlds unique cryptocurrency. To Web3 evangelists, this momentum is unsurprising. Here, concepts like decentralization are paramount. Based out of SoHo in New York City, by October 2020, Uniswap was estimated to be the largest decentralized exchange and the fourth-largest cryptocurrency exchange overall by daily trading volume. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. 1. Having raised a total of $725 million in funding over five roundsthe latest a $450-million Series D funding round in March of this yearthe company is now valued at an incredible $7 billion. However, you may visit "Cookie Settings" to provide a controlled consent. A decentralized Ethereum scaling platform, Polygon allows developers to build scalable and user-friendly apps at low transaction fees. The Web3 market, while being one of the most discussed topics in the tech community, has gone through a jarring correction. These include its consumer-facing product, Kepler, which integrates with Web3 wallets to help consumers define how their data can be used, where it can be stored, and who can access it. It owns and operates its token, the BTRST token. 10 Top Web3 Companies 2022. They primarily deal with machine learning, data analytics, software design, and related niches. 360-Degree Token Marketing Approach to Achieve a Stellar Launch Launching a successful token sale is by no means What is Bitbond Token Tool?How to Become a Token Tool Crypto AffiliateTips for Maximizing Your Earnings with Token Bitbond supports hundreds of customers with leading tokenization infrastructure and expertise. 8th Light is a software consultancy firm founded in 2006 by Micah Martin and Paul Pagel. Secret Network 9. Staking services are likely seeing increased demand now that the Ethereum network has fully transitioned to a proof-of-stake consensus mechanism. Coinlist is a Web3 company whose mission is to accelerate the advancement of blockchain technology by finding the best emerging blockchain projects and helping them succeed. List of Top Web3 Companies in 2023 Binance Binance is the world's top blockchain ecosystem, boasting the biggest digital asset exchange. It also creates standards and tech for NFTs. Other wallets are differentiating themselves through unique rewards systems. The top 5 tech companies using web3 tech. a toolkit to help Web3 developers incorporate live streaming and video NFT minting to projects. Similarly, startups like DMarket are developing NFT marketplaces specifically catered to trading goods for decentralized worlds and games. With headquarters in Miami, Florida, NFTY Labs is a Web3 company created with the goal of building community-based tools to foster the newly found growth within token ecosystems. A U.S. Based company that's behind the Ethereum blockchain infrastructure and applications. CoinList supports the complete end-to-end lifecycle for startups looking to raise funding through Initial Coin Offerings (ICOs) and token launches. As of early 2022, Alchemy was valued at $3.5 billion, according to Reuters. A Web2 game might allow users to make in-app purchases, but these purchases only exist within the confines the game. Other DAOs have even more ambitious goals: Krause House DAO is building a community to purchase an NBA team (full ownership of an NBA team costs well over $1B). So, too, are the emerging technologies of token-based economics (cryptocurrencies) and blockchain protocols. The Uniswap Labs team was a major contributor to the Uniswap Protocol and now focuses on building a suite of products to support the Uniswap ecosystem. These cookies track visitors across websites and collect information to provide customized ads. over $6M through NFT sales to aid Ukrainian civilians and military. It also has an NFT wallet and a marketplace thats accessible both through the web and mobile. What is a Web3 company? The Top Web3 Companies 1. These tokens use smart contracts to give stakeholders voting rights, allowing them to influence how the organization will operate. We go in-depth on web 3.0 companies to see how they will succeed in this fast-changing environment. Meta. As for applications available in the Web3 segment, you can encounter the following types of solutions: social media; blockchain and NFT-based gaming; communication platforms; art & media; Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Many web3 companies are starting to emerge, in this new era of digital. As a result, financial intermediaries complete almost all transactions for centralized exchanges on the backend. Its backed by top-tier investors and has so far raised $427 million at a $13.3 billion valuation (as of January 2022). It is the official NFT ecosystem of Major League Baseball, providing fans and collectors with access to officially licensed NFTs through trading, sharing, and purchasing. The survey included 135 Web3 founders, investors, and influencers and was conducted between July 9, 2022 and August 2, 2022. Over 10 million people use CoinList to access coin/token investment opportunities before they go mainstream on other exchanges. The technology overlap makes their relationship symbiotic. Startups, too, co-founded by entrepreneurs and developers fully trained in Web3 protocols, are yet another reason why we can witness a rise of Web3 companies whose focus is on the new web3 technology paradigm. A fully decentralized internet would change everything. Facebook owns prominent social networking services such as WhatsApp, Instagram, and Messenger. A podcast or song may only appeal to 1,000 people in the world, but they may value that item extremely highly. Sweet offers an end-to-end NFT platform consisting of NFT creative services, token minting, and distribution to consumers across multiple blockchains. These startups support commerce in decentralized worlds by developing platforms where users can buy and sell NFTs of everything from virtual land to avatar clothing to virtual yachts. In return, the contributors are rewarded with cryptocurrency. It does not store any personal data. Which top Web3 companies will take us into the future? Top 20 Active Web3 Venture Capital Firms, Investing in Summer 2022 Ivan Orlov 15 Sep 2022 12 min read The year 2022 (especially the last few months) has been quite a difficult one for the crypto community. Top Web3 Companies Hiring Remote Workers (43) Don't see your company? DeFi is often mistaken for any financial service that involves crypto. Braintrust is the decentralized Web3 talent network connecting the world's leading companies with vetted and skilled workers. ConstitutionDAO raised around $40M to win a bid on the US Constitution. While this may sound far fetched, LinksDAO sold over 9,000 memberships and raised over $10M in 24 hours. which is used as an incentive within the network. Millions of people use this exchange every day, and theyve raised $10 million to keep growing. Largest Publicly-Owned Companies Based in Orange County Ranked by Sales, 2004. For example, marketplaces like, already support the sale of virtual real estate and items from Decentraland and The Sandbox. In the rapidly evolving world of blockchain and May 22, 2023 | Asset Tokenization, Token Tool. The technology overlap makes their relationship symbiotic. As NFTs continue to change the landscape within the oncoming digital economy, NFTY Labs will help spearhead the tech created for these new NFT ecosystems to ensure they flourish. GuildFi 3. As personal blogs and newsletters have taken off, Web3 companies are looking to help creators better monetize and own their content. The tech is rapidly gaining investor attention as companies build applications to power an internet focused on empowering consumers. The tech is rapidly gaining investor attention as companies build applications to power an internet focused on empowering consumers. Braintrust has more than 700,000 community members spread around the world. Chainanalysis 4. They were an . Create ERC20 TokenCreate BEP20 TokenCreate MRC20 TokenCreate FRC20 TokenCreate ARC20 TokenToken Lock BSCToken Lock EthereumCreate ERC20 Token SaleCreate ARC20 Token SaleCreate BEP20 Token SaleCrypto Affiliate Program, Ethereum Gas PriceBSC Gas PricePolygon Gas PriceAvalanche Gas PriceCreate NFTManage NFTNFT MultisenderMultisend BSCMultisend EthereumCrypto Portfolio Tracker. Ultimately, the goal of all web3 companies is to give users back control by storing their data across multiple servers that are owned by no one. Top web3 Companies Top ranked companies for keyword search: web3 Export Challenger Deep (Kaiko) Private Company Founded 2014 France Founded in 2014, Kaiko provides a digital assets market information platform enhancing transparency and operational efficiency for institutional companies, DeFi participants, and Web3 enterprises. Just like with any other investment instrument it's imperative to look at every potential danger before putting money into a company. With partner brands such as the Cleveland Cavaliers basketball team, a collaboration engineered to create a first-of-its-kind program featuring NFTs for Cavs fans to collect both online and in-arena. In 2019, Ripples post-money valuation hit $10 billion; since then, its value has climbed to some $15 billion, per some estimates. While the future of P2E is not entirely clear, VCs are not shying away. Axie raised a $150M round in April 2022 after it, $600M in a hack. For example, Livepeer uses the Ethereum blockchain to cut the costs associated with hosting and transcoding live video by sharing processing power across a blockchain-based network of computers. This cookie is set by GDPR Cookie Consent plugin. The most popular play-to-earn game to date is Axie Infinity. In Web2, some applications give users persistent identities across platforms. The Web3 era may be gaining popularity in 2022, but this technology has been around for years. Create a company profile. Royal was founded by the artist 3lau, who used the platform to release 333 free NFTs that represented 50% of his streaming revenue on one of his new singles. Top Web3 Companies (170) Don't see your company? And there we go, the top 15 list of Web3 companies! The best way to stay abreast of the latest trends in Web3 and Blockchain, and to engage and join the community that is the basis for this latest wave of technological innovation, is to attend in-person and virtual conferences to hear from leaders and meet others who are building in . People are all defining it a bit differently- at Coinbase they think of Web3 as "a trustless, permissionless, and decentralized internet that leverages blockchain technology." Its defining feature and largest value driver is the ownership it gives users. 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized services boasting nearly 100 million monthly active users. Brands are increasingly . To join a DAO, a person needs to become a stakeholder which requires them to acquire the DAOs token. Web3 companies raised $13B in equity funding the first 3 quarters of 2022. Non-fungible tokens (NFTs) are not exclusively a metaverse concept people can buy and sell NFTs of tweets, videos, and more without ever participating in the metaverse. LexDAO 8. Crypto.com claims to be the world's fastest-growing crypto app with over 50 million users. Developers are also building entirely new blockchain infrastructures to enable Web3 social platforms. Web3 is currently a fluid concept, with numerous definitions that can broadly be summarized as, the future of the Internet.. Its products, like Knoji, SimplyCodes and Favely, reach millions of consumers and drive over a billion dollars per year in e-commerce transaction volume. Web3, also known as Web 3.0, is the new direction the World Wide Web (www) is heading. It also empowers its users to create beautiful and functional 3D spaces that they can mint as NFTs and sell/rent to others looking to host mind-blowing experiences. Anyone can join the network by contributing computer resources (CPU, GPU, and bandwidth). In 2021, KPMG. By giving members voting power, communities can feel more engaged. s browser blocks advertisements, but users can choose to view ads for a reward. Jessica Abo is a sought-after media trainer, award-winning journalist, and best-selling author. The cookies is used to store the user consent for the cookies in the category "Necessary". The Uniswap Protocol is the largest automated and decentralized market-making protocol on Ethereum, with over $220 million in average daily trading volumes. OpenSea is an open, inclusive Web3 platform, where individuals can explore NFTs and connect with each other to purchase and sell NFTs. Ripple is the only enterprise blockchain company today with products in commercial use. One reason why we may be seeing a surge in Web3-centric companies is that Web2 legacy companies, eyeing a great opportunity, are pivoting to the new reality. Decentralized worlds also tend to use a different business model than their centralized counterparts. Danielle has 1 job listed on their profile. Founded in 2017 by Nikil Viswanathan and Joe Lau, the San Francisco-based Web3 startup has raised a total of $563.9 million in funding over five rounds. DressX, a virtual boutique and designer has quickly risen to the status of avatars' preferred courtier. Thus, these personalities can monetize their work without depending on third parties. raised $150M at a $1.3B valuation in November 2021 to build Web3 games like Blankos Block Party. allows fans to invest in an artist by buying tokens that automatically earn back streaming profits. As interoperability improves, players may also be able to take NFTs from one game and access them in another. More recently, the startup released a toolkit to help Web3 developers incorporate live streaming and video NFT minting to projects. Centralized exchanges partner with financial intermediaries referred to as market makers such as banks or hedge funds to ensure liquidity, or high trade volumes. In September 2021, Audius raised $5M from a group of music celebrities, including Katy Perry, Disclosure, Steve Aoki, and The Chainsmokers. The metaverse and web3 are intricately intertwined. The company aims at making digital worlds real, and to expand the possibilities of what can be created and traded in digital worlds. Youtube creators and Spotify musicians would move to platforms that connect them directly to fans instead of being paid by tech middlemen. As more legacy companies shift to a Web3 state of mind, and the number of Web3 startups grows, a pattern will emerge, one where the old world, that of Web 2.0, will slowly disappear, being replaced by the new orderthe twenty-five Web3 companies mentioned in this post are some of the earliest. In a Web3 game, in-app purchases appear as non-fungible tokens (NFTs) in a players wallet. is developing a Web3 browser that can connect with multiple wallets. Over 300 million people buy and sell cryptocurrencies, and many invest in these promising Web3 companies. Tech giants like Google and Meta would be unable to profit off personal data. Aiming to attract investors who wish to take advantage of high growth potential, Republic now has 2.5 members and a one billion dollar investment under management. Ripple (originally called Opencoin) is yet another Web3 company leveraging proven crypto and blockchain technology that it has honed since its founding in 2012 by Chris Larsen and Jed McCaleb. However, the crypto and NFT crash has put many play-to-earn games in a precarious position as users dwindle and company revenue falls short of expectations. Insightful people at these companies had a thorough long-term vision and are currently enjoying success in the online community . Its customers use these solutions to source crypto, facilitate instant payments, empower their treasury, engage new audiences, lower capital requirements, and drive new revenue. Web 2.0, known for its read and write capabilities, occurred in about 2004 just as social media platforms like Facebook and MySpace came on the scene. New York, NY 10018. You can also learn more about web 3 on the Web3 Foundation website, where you'll have access to projects, research, press, and careers. which is used as an incentive within the network. While the idea of an ad-free social media platform where user data is protected sounds enticing, its not entirely clear how successful Web3 companies will be in convincing users to invest time and money into earning tokens when Web2 social media platforms are mostly free. Spatial offers visually stunning spaces available on the web, on mobile, or in virtual reality. Some may only charge a flat fee, but some distributors and labels also take a percentage from streaming revenue. These services also eliminate the technical overhead required to run nodes. It lets users around the world trade crypto without any intermediaries. We will also highlight twenty-five of the world's top web3 companies in 2023 while shedding light on the history of the 'web.' What is a Web3 Company? These transactions are known as automatic market makers (AMMs) because they are priced by algorithms and trades fulfilled automatically by smart contracts. Axie raised a $150M round in April 2022 after it lost $600M in a hack. For many social media companies, end-users are also the product. Our intelligence platform is the leading provider of Metaverse market data, reports, analytics, and insights on Metaverse companies, investors, funding, and more. In-world items or land are traded as NFTs, which act as decentralized proof-of-ownership certificates for digital assets. It uses XRP, a cryptocurrency that is independent of Ripple. One of the most high profile on the list that needs no introduction, Blockchain.com is known as the worlds most popular crypto wallet and is on a path to revolutionizing the $14 trillion financial services industry. Some decentralized virtual worlds even let their inhabitants help govern via a decentralized autonomous organization (DAO) approach. As of 2021, its pre-money valuation after its $35-million Series A was reported to be $700 million. ConsenSys is the leading Ethereum software company, enabling developers, enterprises and people worldwide to build next-generation applications, launch modern financial infrastructure, and access the decentralized web. Project Galaxy helps creators and brands build better communities in Web3 and the Metaverse. Created in 2017 by Sergey Nazarov and Steve Ellisco-authors of a white paper introducing the Chainlink protocol and network with Cornell University professor Ari JuelsChainlink Labs estimated annual revenue is currently at $52.6 million annually, according to some sources. Through a fusion of principled academic research and an industry focus on user needs, its mission is to enable the next generation of smart contracts and usher in a new age of economic fairness, transparency, and efficiency. Compare this to centralized virtual world Roblox, which pays creators. Music streaming service Spotify takes about a 30% cut of streaming revenue. But thats not everything for companies influencing the web3 paradigm: what would a Web3 company be without knowing something about the founders and, always an important thing to factor in when weighing up the chances of success of Web3 companies, the financing and valuation. The cookie is used to store the user consent for the cookies in the category "Analytics". Staking services allow consumers globally to pool their crypto together and receive staking rewards for validating and securing blockchain networks. However, NFTs are emerging as the backbone of economic activity in decentralized virtual worlds because they provide proof of ownership for metaverse-based property. Although different theoretically, web3 and the metaverse are reliant on one another. Web3 companies, unlike their predecessors in the era of Web 2.0, give businesses total control and ownership, pushing out the middleman or intermediary, and making services more efficient. In these cases, financial institutions are better suited to assess creditworthiness and take on risk. For example, UkraineDAO. Founded in 2018, Braintrust is a first-of-its-kind talent network of over 700,000 people that bridges the gap between freelancers and brands. Web3 social media companies aim to improve user experiences by helping creators own and monetize their content and giving them more control their data. Binance is a vast beast of a web3 company. It was also the period when there was more interaction between users via those said social platforms and forums. To sell, buy, or receive payment for in-game items, a player will need to log back in. In this scenario, Google has ownership over the information and data that can verify a users identity. The Uniswap Protocol is the largest decentralized trading and automated market-making protocol on Ethereum, as its average daily trading volume was $220 million in October 2020. See the complete profile on LinkedIn and discover . But what exactly are web3 companies and which are the leading ones? Its also developing its own wallet, Metawallet, and a dApp store to help users discover Web3 applications. Web3 companies have various opportunities to make money through crypto tokens, decentralized advertising, and non-fungible tokens (NFTs). This web3 company is also the developer of Hyperverse, an open, secure marketplace for blockchain code. According to OpenSea statistics that are publicly available, millions of NFTs have been bought and sold on the platform. The access and identity layer enables consumers to access and prove their identity to decentralized applications (dApps). Virtual products like NFTs can be used to purchase various items like tickets to events or exclusive access to the content of well-known personalities. Top 10 Web3 Startups 1. In return, the contributors are rewarded with cryptocurrency. Offering digital asset and financial services, it also provides institutional investors and crypto platforms with liquidity, custody and security. Summary. Web3 social media platforms are also turning to alternative revenue sources to survive without data harvesting and advertising. Uniswap is the biggest decentralized exchange (DEX) powered by Ethereum. Republic is the biggest online platform for private investment and was founded by the Alumni of AngelList. By the summer of 2022, it was estimated Krakens valuation was somewhere in the region of $10 billion. Web3 is the rising trend in 2023, and these top Web3 companies are leading the charge. These Web3 companies offer yield generation for consumer investors through staking, where crypto assets are allocated to process transactions and secure protocols (e.g., Ethereum) in exchange for rewards. Lido Finance hosts over $6B in staked assets across 200,000 stakers, 97% of which is Ethereum.