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Since Bitcoin emerged in 2008, an entire ecosystem of Crypto, Blockchain, NFT (Non-Fungible Tokens), and Web3 startups and platforms have emerged. Over 300 million people buy and sell cryptocurrencies, and many invest in these promising Web3 companies.
Web3 (or Web 3.0) is a fascinating concept with enormous potential. Web3 is currently a fluid concept, with numerous definitions that can broadly be summarized as, “the future of the Internet.”
Web3 companies are the next iteration of the Internet as we know it: a decentralized, user-controlled, blockchain-based ecosystem, where transactions are token-based (e.g. crypto and NFTs).
Investment in this ecosystem is enormous. Big tech giants, including Meta (Facebook), are investing heavily in Web3 and Metaverse technology. In 2021, $32.8 billion was invested in Web3, crypto, and blockchain companies, according to Crunchbase.
Web3 companies encompass infrastructure providers, decentralized apps (dApps), decentralized exchanges (DEXs), DeFi finance, NFT, and Metaverse platforms.
In this article, we take a closer look at the top 15 Web3 companies, including funding raised and any noticeable metrics.
Top 15 Web3 Companies
We’ve broken this list down into some of the most popular categories of Web3 companies:
- Web3 Infrastructure Platforms & dApps
- Decentralized Exchanges (DEXs) & Decentralized Finance (DeFi) Platforms
- NFT Platforms
- Metaverse Platforms
Let’s dive in . . .
Web3 Infrastructure Platforms/Apps
#1: Token Tool by Bitbond
Bitbond is a market-leading asset tokenization platform provider, with over $200 million of assets turned into blockchain-based tokens using Bitbond’s software solutions.
Token Tool by Bitbond is a way for users to turn anything into a tokenized asset — art, valuables, usage rights, certificates, fiat currencies, bonds, stocks, and dozens of other tangible pieces of intellectual property (IP) — and sell them as NFTs. No coding skills or knowledge required.
Check out Token Tool here.
#2: Project Galaxy
Project Galaxy, created by Bullet Labs, and founded in 2021 is the world’s largest Web3 credential data network and infrastructure platform. Project Galaxy helps creators and brands build better communities in Web3 and the Metaverse. So far, they’ve raised $10 million and have over 8.5 million users, 1,275 ecosystem partners, who have curated over 12,000 credentials, and 8,600 credential-based campaigns.
ConsenSys is an Ethereum-based software company. Products include Infura, Quorum, Truffle, Codefi, MetaMask, and Diligence, serving millions of customers, handling billions in transactions, and storing and securing many billions more in crypto and decentralized value.
ConsenSys is valued at over $7 billion, having raised $725 million in funding since 2014. Millions of people and many of the world’s leading companies use ConsenSys products and services everyday, making them one of the most well-developed Web3 companies on the market.
CoinList supports the complete end-to-end lifecycle for startups looking to raise funding through Initial Coin Offerings (ICOs) and token launches. It supports founders, and miners, and connects them with millions of potential investors. So far, CoinList has raised $549 million since 2017.
Over 10 million people use CoinList to access coin/token investment opportunities before they go mainstream on other exchanges.
Thirdweb is a powerful Web3 development framework, giving developers and Web3 companies the ability to create and control smart contracts, SDKs, and build dApps that can be shipped on-chain faster than through other platforms. Developers can implement smart contracts with core standards such as ERC20, ERC721 and ERC1155.
Over 40,000 developers are already building on this framework, making Thirdweb one of the key Web3 companies for DAOs, NFT Marketplaces, and Play-to-Earn Games.
Decentralized Exchanges (DEXs) & Decentralized Finance (DeFi) Platforms
Okcoin is a fast-growing decentralized exchange (DEX) with offices in the US, Europe, Singapore, Japan, Korea, and Hong Kong. Millions of people use this exchange every day, and they’ve raised $10 million to keep growing. At present, over 1 million people are using Okcoin to buy, sell, hold, and trade cryptocurrencies.
The Uniswap Protocol is the largest automated and decentralized market-making protocol on Ethereum, with over $220 million in average daily trading volumes. It’s always in the top 5 of DEXs and centralized exchanges. Uniswap has raised millions from top-tier investors, including Andreessen Horowitz (a16z), Paradigm, and Union Square Ventures. Over 120 million people are using the Uniswap Protocol to trade crypto, making it one of the leading Web3 companies in the DEX space.
Web3 NFT Platforms
OpenSea is the world’s largest Web3 peer-to-peer NFT and digital collectables marketplace and platform. Millions of people buy, sell, trade, and mint NFTs on OpenSea every day. It’s backed by top-tier investors and has so far raised $427 million at a $13.3 billion valuation (as of January 2022). According to OpenSea statistics that are publicly available, millions of NFTs have been bought and sold on the platform.
Immutable, through their product, Immutable X is making it easier for NFT owners and collectors to scale NFTs without compromising the Ethereum network. It’s also powering the next generation of Web3 games. So far, Immutable has raised $279.8 million at a $3.5 billion valuation, as of March 2022. Dozens of popular Web3 games are powered by Immutable, and over 9 million NFTs have been bought and sold on the platform so far.
#10: NFTY Labs
NFTY Labs is developing cross-chain bridges for NFT and Metaverse communities. NFTY is a cross-chain Web3 authentication layer for subscription services, access management, and NFTs.
Autograph is another popular sports-centric Web3 NFT platform, connecting fans with iconic teams and sports stars. Autograph enables the creation and trading of unique digital collections. So far, Autograph has raised $205 million at a $700m valuation. Autograph has already partnered with some of the biggest names in professional sports and is attracting millions of buyers/collectors to their platform.
Sorare started as a French fantasy football platform that has turned into a massively popular NFT-based football trading card ecosystem.
In 2021, SoftBank, through its Vision Fund 2, invested $680 million in Sorare, bringing total funding to $739.2 million at a $4.3 billion valuation. Sorare has licensing agreements with the NBA, MLB, over 300 football clubs, and dozens of other professional leagues, with millions of sports fans collecting NFTs through their platform, making them one of the leading Web3 companies in the sports space.
Sweet is an NFT platform that connects brands, such as sports teams, with enthusiastic fans. Dozens of professional teams and clubs rely on them to create and support immersive, NFT-based environments to increase fan engagement and revenues. So far, Sweet has raised $10.1 million.
Metaverse Web 3 Companies
#14: The Sandbox
The Sandbox is one of the world’s most popular Metaverse platforms with millions of users. It’s a 2D and 3D virtual world where you can buy LAND (virtual land), rent out space, host events, buy and sell tokenized assets, and so much more. In 2021, SoftBank, through its Vision Fund 2, invested $93 million in The Sandbox.
Decentraland is an exciting and popular Metaverse and digital asset platform with millions of users. Similar to The Sandbox, you can invest in virtual real estate, host events, and meet people in this virtual reality. So far, they have raised $51 million to accelerate growth, and there are millions of people exploring Decentraland every week.
And there we go, the top 15 list of Web3 companies!
Have we missed any you think should be included? Let us know via email or Twitter.