The World Wide Web (www) is moving in a new direction known as Web3, commonly referred to as Web 3.0. Decentralization is crucial in this situation. The same is true of the newly developed blockchain protocols and token-based economics (cryptocurrencies).
The company’s commercial aims must agree with a number of elements in order for it to be considered a tech company (Web 2.0). These include a strict emphasis on decentralization, complete ownership of the product/technology, and the range of the technology used, such as blockchain-related, artificial intelligence (AI), machine learning (ML), and/or Internet of Things (IoT) technology. Here is the list available for the best web3 companies.
List of top web3 companies
- Chainlink Labs
- Kraken Digital Asset Exchange
- Uniswap Labs
Details for web3 startups are given below:
Well with help of the developer platform Alchemy, businesses can create dependable and scalable decentralized applications without having to deal with the difficulty of maintaining their own internal blockchain infrastructure.
The essential infrastructure requirements of many leading initiatives in the area, such as Augur, Cryptokitties, Kyber, Radar Relay, OpenSea, etc., are supported by Alchemy. The team is made up of elite engineers with years of industry experience in big data and scalable infrastructure (from Stanford, MIT, Google, Facebook, Microsoft, and many more startups), and it is supported by A-list investors (Charles Schwab, Coinbase, founders of LinkedIn and Paypal, Chairman of Google, etc).
The San Francisco-based firm was founded in 2017 by Nikil Viswanathan and Joe Lau and has raised $563.9 million in funding over five stages. Alchemy was valued at $3.5 billion as of the beginning of 2022, per Reuters.
The first decentralized Web3 talent network, Braintrust links qualified, screened knowledge workers with top businesses. The people who own and build Braintrust are also the community that uses it to find employment, guaranteeing that the network always serves the requirements of its users rather than being run by a centralized organization. Additionally, because the community of knowledge workers and contributors receives ownership and control of Braintrust in exchange for their contributions to the network’s expansion through the native BTRST token, new Talent and positions have joined the network at a record-breaking rate.
In 2018, Braintrust was founded by Adam Jackson, Gabriel Luna-Ostaseski, and Brian Flynn. It is headquartered in the Bay Area of California’s San Francisco. As of July 2022, the firm had a market worth of about $200 million and had so far raised $123.5 million in fundraising over six rounds.
3. Chainlink Labs
Chainlink Labs is an Ethereum-based decentralized blockchain oracle network and a provider of secure and trustworthy open-source blockchain oracle solutions. It enhances smart contracts by linking them to a variety of off-chain data sources and computations, such as asset prices, web APIs, IoT devices, payment systems, and more. Chainlink Labs is committed to the development and integration of Chainlink as the common decentralized oracle framework used by smart contracts worldwide.
The expected yearly revenue of Chainlink Labs, which was founded in 2017 by Sergey Nazarov and Steve Ellis and co-authored a white paper outlining the Chainlink protocol and network with professor Ari Juels of Cornell University, is present at $52.6 million.
The goal of the coin list is to uncover the most promising new blockchain projects and support their growth in order to hasten the development of blockchain technology. Currently, a market leader in new token issuance, CoinList supports the entire lifecycle of cryptocurrency investment, from token sales through token distribution, trading, lending, and crypto-specific services like staking and access to decentralized-finance opportunities. These blue-chip projects include Filecoin, Solana, Celo, Algorand, Dapper, and others.
Customers of CoinList include miners, entrepreneurs, CEOs, crypto funds, early adopters of Bitcoin, validators, and a wide range of crypto enthusiasts. CoinList, based in San Francisco, California, was established in 2017.
ConsenSys is the top Ethereum software provider, enabling users to access the decentralized web, construct new financial infrastructure, and create next-generation apps.
Joseph Lubin started ConsenSys in 2014, and it is headquartered in Brooklyn, New York City. The company is currently valued at an astounding $7 billion after raising $725 million in fundraising over five rounds.
6. Kraken Digital Asset Exchange
One of the biggest and most reputable digital asset platforms in the world, Kraken Digital Asset Exchange was founded in 2011 by Jesse Powell and Thanh Luu. It allows users to experience the potentially life-changing potential of cryptocurrencies.
With more than eight million amateur and professional traders, institutions, and authorities worldwide, its special combination of goods, services, and world-class knowledge are tipping the scales in favor of widespread crypto currency adoption.
Devin Finzer and Alex Atallahis created the NYC-based firm OpenSea in 2017, which is the first and largest peer-to-peer marketplace for NFTs. OpenSea is a free, open, and welcoming Web3 platform where users may learn about NFTs and connect with one another to buy and trade NFTs. Stanford, Pinterest, and Google alumni make up the OpenSea team, which is backed by YCombinator, Founders Fund, Coinbase Ventures, 1Confirmation, and Blockchain Capital.
OpenSea has raised an astounding $427 million in outside capital since its founding, and as of January 2022, it was valued at $13.3 billion.
Another business using tried-and-true blockchain and cryptocurrency technology is Ripple, which was first known as Opencoin and was established in 2012 by Chris Larsen and Jed McCaleb. The enterprise-grade solutions offered by San Francisco-based Ripple are quicker, more transparent, and more affordable than those offered by conventional banking institutions. They enable quick payments, empower treasuries, engage new audiences, reduce capital requirements, and generate new revenue for their clients.
Sorare is a fantasy football game where users buy, sell, trade, and manage a virtual team using digital player cards. It was created by Nicolas Julia and Adrien Montfort and published in 2019.
Each player card is represented as an NFT that employs the ERC-721 token standard on Ethereum, utilizing blockchain technology based on Ethereum to safeguard the ownership and distribution of cards that are restricted and cannot be changed, copied, or destroyed. Each player card is distinct, owned by the player directly, verified over the blockchain, and given the ability to appreciate or depreciate in value depending on the market.
10. Uniswap Labs
Given that its average daily trading volume was $220 million in October 2020, the Uniswap Protocol is the biggest decentralized trading and automated market-making protocol on Ethereum. The Uniswap Labs team played a significant role in the development of the Uniswap Protocol and is currently concentrating on creating a line of products to serve the Uniswap ecosystem. One of the most influential teams in crypto is theirs.
Hayden Adams founded Uniswap in 2018, and Andreessen Horowitz, Paradigm Venture Capital, Union Square Ventures LLC, and ParaFi have all made investments in the company.
The 10 Web3 companies on the list represent a future in which we will see a fundamental shift in attitudes toward how business is conducted, both in terms of the product or service provided and how the customer interacts with it.