- Top 10 Web3 Startups
- 1. Brave Browser
- 2. GuildFi
- 3. Chainanalysis
- 4. MakerDAO
- 5. 0X
- 6. Alchemy
- 7. LexDAO
- 8. Secret Network
- 9. Social.network
- 10. Deefy
- Top 10 Most Popular Web3 Companies
- 1. Meta
- 2. Coinbase
- 3. Crypto.com
- 4. OpenSea
- 5. Candy
- 6. Binance
- 7. Block Fi
- 8. Polygon
- 9. MoonPay
- 10. KrypC
- Why Are Top Web 3.0 Companies Here To Stay?
The Internet has now advanced to the Web3 generation. Web1 was characterized by the introduction of the widespread use of personal computers, the development of search engines, and the explosion of websites, whereas Web2 has been characterized by the emergence of significant social media platforms like Facebook, Twitter, YouTube, Snapchat, Instagram, and Tiktok.
Although the precise definition of Web3 is still up for debate, it is commonly understood to be a linked network of decentralized blockchains that will allow a wide new range of user experiences. At the heart of Web3 will be user-generated content and the monetization of content, both of which will be significantly supported by the use of cryptocurrency. In this blog, we are going to discover top Web3 companies in various categories.
Top 10 Web3 Startups
In this list, we will examine some of the most intriguing Web3 companies that are currently having an impact on the industry. We will concentrate on slightly more specialized (but still quite popular) companies that are having a significant impact on the Web3 industry and are anticipated to grow rapidly over the next several months and years.
1. Brave Browser
Founded: May 28, 2015
Headquarters: San Francisco, California
Although Brave Browser might not appear to be a very revolutionary firm, it has unquestionably had a significant influence on the Web3 industry, and it is one of the best Web3 companies. It is possible that Brave Browser is the first major browser to integrate Web3 technology completely. Users of the browser have the ability to seamlessly link decentralized applications (dApps) without the need to install any additional browser plugins. Users may access the majority of the 30,000 decentralized websites on the internet, including those with .crypto and .eth domain extensions, which are becoming increasingly popular.
Additionally, Brave has formed a partnership with Unstoppable Domains, a blockchain domain firm, to provide users of the browser with access to the 700,000 blockchain domain names that have been registered by Unstoppable Domains. Furthermore, Brave is the first browser to incorporate a cryptocurrency wallet right into the browser itself. This enables simple cryptocurrency purchases using fiat currency as well as multi-chain swaps.
Headquarters: Regions Asia-Pacific (APAC)
The world of video games is currently very splintered into many distinct groups and subgenres. Users were previously unable to derive practically any value from in-game items or currencies that could be used outside of the virtual world. The arrival of games like Axie Infinity and Metaverses like Decentraland and Sandbox, which have their own tokens that can be converted to fiat currencies and unique NFTs that can be moved across wallets, has brought about a considerable improvement in this regard; nonetheless, restrictions continue to exist despite this development.
Over the course of the past year, there has been an explosion in the number of crypto and blockchain gaming guilds. These guilds frequently function as DAOs and are able to combine their digital assets in order to make investments in a variety of games as well as a variety of cryptocurrencies. It is anticipated that as gaming guilds continue to expand, the power of gamers will increase in comparison to game developers and game studios, and gamers will be able to exert a greater level of influence over the design and financial aspects of the games in which they participate individually.
For instance, guilds will have the ability to “walk with their feet” and transfer substantial sums of assets from one game to another if they believe that the administration of the game they are currently playing is not providing players with a quality or fair gaming experience. Here, GuildFi comes into play. GuildFi is a rapidly expanding Web3 platform that connects players, games, and investors, thereby empowering individual gamers and guilds and facilitating the exchange of assets between games and blockchains. In addition to facilitating cryptocurrency transfers in a wide range of currencies, GuildFi also has its own token known as GF. As of the second quarter of 2022, the market value of GF was greater than $20 million.
Founded: Jan 1, 2010
Headquarters: New York, United States
Chainanalysis is among the top Web3 companies as it stands apart from the majority of the other businesses on this list due to the fact that it is primarily a consulting, data, and software organization that offers its services to other businesses as well as individuals working in the cryptocurrency and Web3 industries. Chainanalysis provides a number of different products and services, one of which is a software-as-a-service product known as Reactor. This tool assists in the investigation of cryptocurrency fraud by linking cryptocurrency transactions to real-world businesses. The program is marketed as being especially efficient for tracking flash loans and NFT theft.
Monitoring the cryptocurrency activity of thousands of companies and generating real-time market data is another service that Chainanalysis offers as part of its comprehensive cryptocurrency market intelligence offering. In addition, the organization is able to provide professional crypto security and investigative services by utilizing a group of blockchain forensics specialists. As crypto breaches and thefts proliferate, it is expected that the need for these services will increase in the next months and years.
Headquarters: Frankfurt, Germany
MakerDAO is the largest crypto lending credit facility in the world, and it offers loans at predetermined interest rates. Despite the fact that it is well-known, it is an important candidate for this list due to the enormous influence it has had. MakerDAO is almost entirely decentralized, and teams located all over the world are competing against one another for funding to carry out projects that will help enhance the project’s usability, security, and effectiveness while also providing new features that users will find valuable. By depositing ETH into a MakerDAO smart contract, users can obtain a Collateralized Debt Position (CDP). MakerDAO lends the user DAI, Maker’s native stablecoin designed to track the dollar as nearly as feasible.
The most recent entrance that MakerDAO has made into the area of financing real-world assets is perhaps the most intriguing aspect of the company. 6s Capital, a commercial lender powered by MakerDAO, invested $7.8 million in real estate in March 2022 in order to build a new Tesla repair and collision facility. According to MakerDAO, this is merely the first instance in which the DAO has attempted to finance real-world assets with partially collateralized loans. After merging with the asset financing system Centrifuge in 2021, MakerDAOs originators will be able to borrow DAI against non-crypto assets, including mortgages, real estate, and business invoicing.
Founded: October 2016
Headquarters: San Francisco, United States
Similar to the evolution of the internet itself, the cryptocurrency exchange sector may be broken down into a number of distinct phases or generations. The initial stage involved centralized, custodial crypto exchanges in which the exchange’s owners had complete operational control. During the second stage, major decentralized exchanges (DEX) were established. These exchanges did not engage in custody activities, but their governance was primarily centralized. It would appear that we are now moving towards the third phase of cryptocurrency exchanges.
During this time period, smaller teams will be able to establish their very own decentralized exchanges to cater to their particular requirements and goals via effective marketing activities. Additionally, it is possible that some of these exchanges will operate as DAOs, although this has not yet been determined. 0X represents this third generation of cryptocurrency exchanges. The 0X protocol is not, in and of itself, a decentralized exchange because it does not record trade orders on the blockchain. However, what it does is provide the foundation for individuals and organizations to construct their own decentralized exchanges on the Ethereum blockchain.
The 0X protocol may be broken down into its most basic components, which are a messaging standard and a collection of smart contracts. These smart contracts allow for the peer-to-peer trading of assets and provide the necessary logic for producing, transmitting, receiving, and processing data associated with the buying and selling of digital assets. Nuo, ParaDEX, Zerion, bZx, OpenRelay, 0x Instant, DeFi Saver, and Radar Relay are a few of the programs that were created using 0X. 0X has a native governance token, the 0X token (ZRX), which had a market valuation of approximately $350 million as of Q2 2022.
Founded: August 2020
Headquarters: San Francisco, United States
Ethereum is by far the most popular and widely used blockchain platform for the development of dApps, Web3 applications, and Metaverse projects in general. Despite this, the Ethereum mainnet suffers from a number of serious drawbacks, the most notable of which are its poor transaction speeds, its high transaction prices, and its restricted storage space. This is the reason why Layer-2s and scaling services have proliferated in recent years. Polygon, Arbitrum, ParaState, Optimism, and xDai Stable Chain are among the most well-known Layer-2s. Other well-known Layer-2s include Skale, Cartesi, ZKSwap, and OMG Network; however, even these Layer-2s have their own set of constraints.
Here, Alchemy comes into play. Alchemy is one of the best Web3 companies. It is a robust infrastructure solution that is compatible with both the Ethereum mainnet and Layer-2s such as Polygon, enabling developers to create faster, more secure and more efficient decentralized applications. The Alchemy website claims that the Alchemy Supernode blockchain application programming interface (API) is the most popular blockchain API for Ethereum, Polygon, Arbitrum, Optimism, and Flow, respectively. Alchemy has been deployed to assist in the development of some of the most well-known blockchain games and NFT marketplaces in the business, such as Axie Infinity, the NBA Top Shot marketplace, and OpenSea, the largest NFT marketplace.
Alchemy has been compared by industry professionals to Amazon Web Services (AWS), which is possibly the largest enterprise cloud computing and web hosting provider in the world. This comparison is based on the fact that Alchemy has a track record of supplying robust infrastructure behind the scenes to some of the most well-known companies in the blockchain industry. In February 2022, Alchemy raised an additional $200 million in venture financing at a planned valuation of $10.2 billion, a major increase from the October 2021 announcement of a potential $3.5 billion valuation.
Headquarters: West End, Origin City
LexDAO is arguably the largest project seeking to streamline the legal services industry through the use of smart contracts for regular legal transactions. Although it is neither a lawyer nor a law company, the decentralized group focuses on developing fundamental tools that ordinary people might utilize in lieu of legal services. The firm, which is technically not a company, focuses on assisting individuals in comprehending legal requirements in fields such as computer science, smart contracts, blockchain, and cryptocurrencies.
One of the most important products that this company offers is called LexLocker. It is a highly effective escrow solution that does away with the requirement of using a bank or a third-party escrow provider. Users may keep deposits safe while they wait for the delivery of goods or services. Additionally, LexDAO offers a decentralized arbitration service that makes judgments through the use of a multi-sig panel composed of LexDAO legal professionals.
Traditional legal services may be increasingly supplanted in the future by decentralized service providers such as LexDAO, particularly for simple transactions such as company and employment contracts and even for higher-value transactions such as real estate transactions. However, it should be noted that there is already a range of organizations that offer blockchain-based real estate escrow and closing services. In addition, traditional legal services may be increasingly supplanted by decentralized service providers.
8. Secret Network
Founded: Feb 13, 2020
Headquarters: United States
While some have praised blockchain technology for giving people more privacy, others have expressed worries that the tech is actually a serious threat to user privacy because of the immutable structure of public ledgers, which makes blockchain transactions less private than conventional financial and legal transactions. However, some projects are attempting to address this issue directly. The Secret Network is a noteworthy blockchain privacy initiative. The Secret Network is a decentralized network made up of individual nodes that enables smart contracts to have encrypted inputs, encrypted outputs, and encrypted states.
Users can access their encrypted data using a specialized private viewing key, which they can share with third parties such as auditors or wallets. This gives users significantly more control over their data than on major blockchains such as the Bitcoin or Ethereum blockchains, where all wallet addresses are publicly accessible. Each node on the Secret Network, in contrast to existing public blockchains, makes use of trusted execution environments (TEEs) for private encryption and computing. A trusted execution environment (TEE) is a secure section of a processor that ensures the secrecy of the code and data contained within.
Founded: June 2021
Headquarters: Florida, United States
Earth DAO is the organization that is funding and creating the forthcoming Web3 project known as Social.network. Earth Wallet is a self-custody, open-source web wallet that operates similarly to Metamask but also supports the Internet Computer and Bitcoin networks. This totally decentralized network was developed on Ethereum, and it enables users to fully own both their data and their assets. Although little is currently known about the project, it appears to be a promising contender in the rapidly expanding Web3 social media area.
Deefy is a revolutionary firm that is redefining the financialization of NFTs. Users can obtain quick, unsecured loans on their NFTs. Alternatives include mortgage NFTs, renting them out to other users, and “buy now, pay later” options that allow customers to buy NFTs with no money down. Deefy serves as an intermediary between borrowers and lenders and aids in establishing a floor price for rare and valuable NFTs. Deefy also enables customers to establish a customized worldwide credit score, enabling them to gain access to more and better funding for their NFTs.
Top 10 Most Popular Web3 Companies
Access to websites that are built on the Web3 platform can be achieved simply by utilizing the same browsers that are currently in widespread use. Hence, there is no need to consider Web3 to be a new browser in and of itself. Therefore, even though Web3 websites are built using blockchain technology, they are often accessible in the same manner as Web2 websites. And crypto fans are already utilizing portions of Web3 while making purchases with cryptocurrencies and acquiring NFTs, among other activities. Here are the top 10 most popular Web3 companies in 2022:
Founded: February 2004
Headquarters: Massachusetts, United States
Facebook’s name change to Meta is the most important rebranding effort, signaling a shift in the company’s mission. Their new objective is to include lightweight, inexpensive headwear into their social structure. Since the change, all of Meta’s resources have been devoted to Oculus Quest, a physical product designed to introduce the typical customer to the Metaverse. Reality Labs (Meta) is home to a vast array of projects that explore and iterate with diverse technologies. However, there comes a moment when they must sift among the candidates to determine which ones warrant additional investment.
They make it possible for one technology to demonstrate that it is a viable choice while the others run into obstacles. At some point, the efforts required to achieve the next level will be outpaced by the available technology, and this will need a shift of focus. A powerful illustration of this is the Quest software, which represents a substantial advantage. In point of fact, the absence of it may cause the entire experience of the Metaverse to be negatively impacted due to the fact that the hardware will require tools for social interactions in Web3.
Founded: June 20, 2012
Headquarters: San Francisco, United States
Coinbase is one of the best Web3 companies. It assists novice traders who are just getting started and are looking for a straightforward way to trade cryptocurrencies. Unfortunately, the costs that they pay are typically larger than those paid by Coinbase Pro customers. Those that utilize the pro version frequently attempt to reduce their rates. The feeling among NFT collectors, however, is that Coinbase does not allow you to own your cryptocurrency because you do not have the keys. Instead, the vast majority of collectors suggest making use of cold storage in order to avoid leaving significant sums of money on these exchanges. Coinbase is a brokerage with a digital wallet, while Coinbase Pro is an exchange where users may buy and sell.
Founded: June 2016
Crypto.com Visa Cards has become the most popular Visa Card program in the world, offering cryptocurrency rewards in 40 countries. Despite the fact that they just made modifications to their program. The first perk is a new monthly Cashback Cap, which can be applied to either the card tier or the staking tier, depending on which one is higher. The current Staking Tier dictates the majority of prizes (i.e., the tier you staked your CRO).
You must stake X dollars in CRO with a 6-month lock-up term, but you will earn Y percent interest on the CRO stake if you obtain the crypto.com visa. For instance, $4,000 to $39,999 earns a 10% bonus, $40,000 earns a 12% bonus, and $400,000 earns a black card with numerous benefits. You may wager as little as $250. With NFT collectors appreciating the staking rewards structure that crypto.com has in place, the 12% can be viewed as a health assurance.
Founded: Dec 20, 2017
Headquarters: New York, United States
OpenSea continues to be one of the largest NFT markets. After suffering a phishing attack and having millions of dollars worth of digital assets stolen by con artists, the company has revealed that it intends more than to double the size of its trust and safety team. While it is a leading NFT market, OpenSea faces competition from new NFT markets vying for the top spot. The company wants to devote a significant amount of resources to the research and development of new products in order to make its blockchain technology available to consumers on a wider scale. In addition, a funding program will be established to support inventors and blockchain developers.
OpenSea imposes a 2.5% platform fee on every successful sale of an NFT, covering both primary and secondary transactions. Collectors of NFT have the ability to make a trade-off because competing services, such as Coinbase and Rariable, charge various fees. Their competitive edge is the flexibility and control they offer sellers in their marketplace. You can sell an NFT through eBay-style auction bidding or through “buy-now” features.
Headquarters: New York, United States
Fanatics’ continued ownership of the physical card market license allows it to have a huge impact on the MLB world. Additionally, Candy Digital‘s popularity has increased significantly since Gary Vee’s backing, making it one of the world’s most competitive Web3 companies in terms of revenue, new strategies such as advertising during the World Series, partnerships with the Fanatics shop, and significant financial buy-in have yielded substantial returns. The attitude of collectors of Candy digital NFTs is still very upbeat, and there is a great deal of excitement surrounding the video quality. They like how Candy Digital utilizes a variety of camera angles and slow motion to bring the action closer to the audience. As Fanatics takes control of the NFT sports market with Candy Digital, it becomes a formidable rival to Top Shot NBA.
Headquarters: Mahé, Seychelles
Binance is a cryptocurrency exchange where users can buy, sell, and trade Bitcoin, Ethereum, and other cryptocurrencies. It is one of the world’s largest cryptocurrency exchanges. However, some NFT collectors believe they deceive their customers into using their network because they do not provide “proof-of-assets.” In essence, user sentiment indicates that Binance is encouraging customers to convert their cryptocurrency into “crypto tokens” without providing evidence that such tokens have adequate reserves. However, it is a comprehensive suite of financial products designed to assist the typical crypto investor in managing their crypto portfolio.
7. Block Fi
Headquarters: New York, United States
Block Fi is among the top Web3 companies. It offers a comprehensive array of tools for managing cryptocurrencies and NFTs. BlockFi Trading enables you to buy, sell, and trade a variety of crypto assets at competitive prices while holding them in a single, convenient location. Moreover, they possess a Wallet, Credit Card, Loans, and Personalized Yields. The Block Fi credit card is affiliated with Visa and well-known retailers such as Adidas, Shake Shack, and H&M. The fact that you will not be required to manually activate each promotion in advance of making a purchase in order to earn cryptocurrency is a key advantage offered by their method. Consequently, you may earn additional cryptocurrency without even realizing it at a specific merchant. It is quite convenient and efficient for crypto credit card users.
Headquarters: Bengaluru, India
Polygon is a decentralized Ethereum scaling platform that enables developers to build scalable, user-friendly, low-cost dApps without compromising security. Despite interacting with the Ethereum blockchain, Polygon is not a layer 2 protocol. Consider some layer two initiatives, namely protocols built directly on Ethereum. Polygon possesses its own Blockchain. Concerns about the possibility that Polygon will use bots in an attempt to buy an NFT and then force the trading platform offline for an extended period of time are shared by many NFT collectors. Nonetheless, you may anticipate Polygon to demonstrate more outstanding innovation in the coming years as they address these difficulties.
Headquarters: Miami, United States
MoonPay is not an exchange where cryptocurrencies can be sold. Instead, its sole purpose is to facilitate the acquisition and transfer of cryptocurrencies. NFT collectors are dissatisfied with the hefty costs, as they are not disclosed prior to the transfer. Despite this, its use and popularity are only expected to increase going forward. Celebrities are investing substantially in MoonPay, notably in the music industry.
Headquarters: Bengaluru, India
KrypC is among the top Web3 companies. It is a blockchain software company founded in 2016 with headquarters in Bangalore. The company’s offices are located in the United States, the Netherlands, and India. The Web3 payment solutions, digital currencies, mobile wallets, and security fields are all covered by a significant number of patents developed by the Web3 firm. They make simplified and ready-to-use software packages available to corporations and entrepreneurial innovators so that these individuals and organizations can deploy and manage creative solutions with the least amount of time, money, and risk possible. KrypC recently revealed KrypCore, the Prototype version of their technology that would let businesses establish their own blockchains by removing the constraints that hinder them from using blockchain. The company’s technology platforms are Ethereum, Multichain, and Hyperledger.
Why Are Top Web 3.0 Companies Here To Stay?
Web1 focused on information consumption, Web2 on creation, and Web3 on ownership. Web3 is advantageous for digital assets and allows full digital ownership of anything. Blockchain technology is being used by businesses such as Liquidity marketplace to enable the fractionalization of both digital and physical collectibles. In the pursuit of an experience that is wholly dependent on Web3.0, every cryptocurrency startup maintains its pace of innovation within an economic climate that is both competitive and novel.
With Web3 smart contracts, Code-enforceable contracts are possible. In addition, the Blockchain makes it possible to verify ownership of digital assets without the possibility of their being altered or deleted. This is a game-changer in the finance, real estate, and technology industries. For instance, as a result of the increased value of data, institutions are more willing to spend money while also providing a “free” service in order to collect data from users and host content. The negative is that we become dependent on the platform. This strategy, as well as this business model, have the potential to be turned on its head by Web 3. You may now own the content, the platform, and the data.