The world of Web3 is all set to lead the decentralised revolution. In this new phase of the decentralised internet where power lies in the hands of users or the community, who are the key players driving these changes? Let’s find out which are the top 10 Web3 companies worldwide, which are transforming different industries. Let’s dive into the world of Web3 and meet the pioneers shaping the future of the internet.
1. Ripple:
Ripple is a web3 technology-based company that utilises XRP blockchain to facilitate cross-border payments. It helps in making faster and cheaper international transactions using blockchain technology. xCurrent, xRapid, xVia are its key products that help in end-to-end tracking, Utilising XRP for on-demand liquidity and standarised API solutions for cross-border payment processing.
- Founded in Year: 2012
- Founders: Chris Larsen and Jed McCaleb
- Post Money Valuation: $11B (as of Jan 11, 2024, Source: Traxn)
- Total Funding: $295 M
Key Products:
RippleNet: RippleNet is a global payment network that connects banks, payment providers, digital asset exchanges, and corporates via Ripple’s distributed financial technology. It offers a unified platform for sending money globally, providing faster, cheaper, and more transparent transactions.
XRP: XRP is the native cryptocurrency of the Ripple network. It serves as a bridge currency in cross-border transactions, helping to facilitate liquidity between different fiat currencies on the RippleNet. XRP aims to enable faster and more cost-effective international payments.
On-Demand Liquidity (ODL): Formerly known as xRapid, ODL uses XRP to source liquidity during cross-border transactions. This eliminates the need for pre-funded nostro accounts, reducing operational costs and enabling instant settlement.
RippleX: RippleX is a platform that provides tools, services, and programs to developers and entrepreneurs for building on the XRP Ledger. It supports the creation of decentralized applications (dApps) and other blockchain-based projects, fostering innovation in the Web3 space.
XRPL (XRP Ledger): XRPL is an open-source, decentralized blockchain technology that powers the XRP cryptocurrency. It is designed for high performance, with features such as low-cost transactions, scalability, and fast settlement times. Developers use XRPL to build and deploy various applications, including payment systems, tokenized assets, and smart contracts.
2. Circle :
Circle is a financial technology company that leverages blockchain technology to facilitate seamless digital payments and transactions. It aims to create a more open and inclusive global financial system through its suite of products. Key offerings include USDC, a fully reserved stablecoin that enables fast, secure, and low-cost transactions, and Circle’s platform services that provide APIs for payments, wallets, and marketplace applications.
- Founded in Year: 2013
- Founders: Jeremy Allaire and Sean Neville
- Post Money Valuation: $9B (as of April 2023, Source: PitchBook)
- Total Funding : $1.1B
Key Products:
USD Coin (USDC): USDC is a stablecoin pegged 1:1 to the US dollar, offering the stability of traditional currency with the benefits of blockchain technology. It’s widely used for trading, lending, and making payments in the cryptocurrency ecosystem.
Circle Account: The Circle Account is a business account that allows companies to access and leverage USDC. It provides a gateway to digital currency payments, treasury management, and other financial services. Businesses can convert fiat to USDC and vice versa, manage digital assets, and make global payments efficiently.
Circle APIs: Circle offers a suite of APIs that enable businesses to integrate digital currency operations into their platforms. These APIs cover payments, payouts, and treasury management, simplifying the process of adopting and utilizing USDC in various applications.
Circle Yield: Circle Yield is a fixed-term, high-yield investment product for institutional investors. It allows businesses to earn interest on their USDC holdings by lending them to Circle’s borrowers. This product provides a secure and regulated way to generate returns on digital assets.
SeedInvest: Acquired by Circle, SeedInvest is an equity crowdfunding platform that connects startups with investors. It facilitates the raising of capital for startups through equity offerings, enabling businesses to grow and scale while providing investment opportunities to individuals.
Circle Payments: Circle Payments enables businesses to accept and make payments in USDC. It offers seamless integration for digital currency transactions, reducing the friction and cost associated with traditional payment methods. This service is particularly useful for e-commerce, remittances, and cross-border payments.
3. Binance
Binance is a leading global cryptocurrency exchange that provides a platform for trading a wide variety of digital assets. It is known for its extensive range of trading options, including spot trading, futures, and options, along with various financial services like staking and savings.
- Founded in Year: 2017
- Founder: Changpeng Zhao (CZ)
- Post Money Valuation: $4.5B (as of February 2022, Source: Crunchbase)
- Total Funding: $25M
Key Products
- Binance Exchange: The main platform for trading cryptocurrencies, offering a wide range of trading pairs and advanced trading tools.
- Binance Futures: A platform for trading cryptocurrency futures with leverage.
- Binance Launchpad: A token launch platform for transformative blockchain projects.
- Binance Academy: An educational resource providing tutorials and information about blockchain and cryptocurrency.
- Binance Smart Chain (BSC): A blockchain network running parallel to Binance Chain, enabling smart contracts and decentralized applications (DApps).
Binance’s comprehensive suite of products and services, combined with its robust trading platform, positions it as a pivotal player in the cryptocurrency industry, facilitating seamless digital asset trading and fostering blockchain innovation.
4. Chainalysis
Chainalysis is a blockchain data analysis company that provides data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 60 countries. Its platform is used to investigate illicit activities and ensure compliance with regulatory requirements
- Founded in Year: 2014
- Founders: Michael Gronager and Jonathan Levin
- Post Money Valuation: $8.6B (as of May 2022, Source: PitchBook)
- Total Funding: $535M
Key Products
- Chainalysis Reactor: An investigation software that links real-world entities to blockchain transactions.
- Chainalysis KYT (Know Your Transaction): Real-time transaction monitoring software to detect and prevent illicit activity.
- Chainalysis Kryptos: Provides insights into cryptocurrency businesses to facilitate risk management and compliance.
- Chainalysis Market Intel: Offers market intelligence and analysis for cryptocurrency market trends.
Chainalysis is a leader in blockchain analysis, helping organizations secure the financial system and reduce risk by providing actionable insights and transparency into blockchain activities.
5. Animoca
Animoca Brands is a leader in digital entertainment, blockchain, and gamification. The company develops and publishes a broad portfolio of games and products based on popular brands and proprietary IPs.
- Founded in Year: 2014
- Founders: Yat Siu and David Kim
- Post Money Valuation: $5B (as of January 2022, Source: Bloomberg)
- Total Funding: $890M
Key Products
- The Sandbox: A decentralized virtual gaming world where players can build, own, and monetize gaming experiences.
- F1® Delta Time: A blockchain-based game licensed by Formula 1.
- Crazy Kings: A popular mobile tower defense game.
- Gamee: A social gaming platform that rewards users for playing games.
Animoca Brands leverages blockchain technology to create a new ecosystem of digital property rights, enabling true ownership of in-game assets and fostering the development of the open metaverse.
6. OpenSea
OpenSea is the world’s largest marketplace for non-fungible tokens (NFTs), offering a platform for buying, selling, and discovering digital assets such as art, domain names, virtual worlds, and collectibles.
- Founded in Year: 2017
- Founders: Devin Finzer and Alex Atallah
- Post Money Valuation: $13.3B (as of January 2022, Source: PitchBook)
- Total Funding: $427M
Key Products
- OpenSea Marketplace: A platform for trading NFTs, supporting various blockchain standards like ERC-721 and ERC-1155.
- OpenSea Pro: Advanced trading tools for professional NFT traders.
- OpenSea API: Enables developers to integrate NFT functionality into their own applications and services.
OpenSea is at the forefront of the NFT revolution, providing a comprehensive platform for creators, collectors, and investors to engage with the growing digital asset ecosystem.
7. Kraken
Kraken is a global cryptocurrency exchange known for its robust security features, extensive range of supported assets, and advanced trading tools. It provides services to individual traders and institutions alike.
- Founded in Year: 2011
- Founders: Jesse Powell
- Post Money Valuation: $10.8B (as of June 2022, Source: PitchBook)
- Total Funding: $126M
Key Products
- Kraken Exchange: Offers spot trading, futures trading, and margin trading for a wide variety of cryptocurrencies.
- Kraken Pro: Advanced trading platform for professional traders.
- Kraken Futures: Platform for trading cryptocurrency futures with leverage.
- Kraken Staking: Allows users to earn rewards on their crypto holdings.
Kraken’s commitment to security, regulatory compliance, and a broad spectrum of trading options make it a preferred exchange for many in the crypto community.
8. Sorare
Sorare is a global fantasy football (soccer) game where players can trade and manage a team using digital player cards that are non-fungible tokens (NFTs) on the Ethereum blockchain.
- Founded in Year: 2018
- Founders: Nicolas Julia and Adrien Montfort
- Post Money Valuation: $4.3B (as of September 2021, Source: Crunchbase)
- Total Funding: $739M
Key Products
- Sorare Fantasy Football: A game where players buy, sell, trade, and manage a virtual team with digital player cards.
- Sorare Marketplace: A platform for trading digital player cards.
- Sorare Leagues: Allows players to compete in various leagues and tournaments using their digital cards.
Sorare combines the excitement of fantasy sports with blockchain technology, allowing true ownership of digital assets and providing a unique gaming experience.
9. Ledger
Ledger is a leading provider of security solutions for cryptocurrencies and blockchain applications, known for its hardware wallets that offer robust security for digital assets.
- Founded in Year: 2014
- Founders: Eric Larchevêque, Thomas France, Nicolas Bacca, Joel Pobeda
- Post Money Valuation: $1.5B (as of June 2021, Source: Bloomberg)
- Total Funding: $468M
Key Products
- Ledger Nano S: A secure hardware wallet for storing cryptocurrencies.
- Ledger Nano X: An advanced hardware wallet with Bluetooth connectivity.
- Ledger Live: A software application for managing cryptocurrencies on Ledger devices.
- Ledger Vault: A multi-authorization governance infrastructure for securing large amounts of cryptocurrencies for enterprises.
Ledger’s state-of-the-art security solutions make it a trusted choice for individuals and institutions looking to secure their digital assets against threats.
10. Bitmain
Bitmain is a leading cryptocurrency mining hardware manufacturer, known for its Antminer series of miners widely used in the Bitcoin mining industry.
- Founded in Year: 2013
- Founders: Jihan Wu and Micree Zhan
- Post Money Valuation: $12B (as of December 2018, Source: Bloomberg)
- Total Funding: $785M
Key Products
- Antminer: A series of high-performance cryptocurrency mining hardware.
- BTC.com: A blockchain explorer and mining pool.
- Hashnest: A cloud mining platform.
Bitmain’s innovative mining solutions and hardware have positioned it as a dominant force in the cryptocurrency mining industry, driving the growth and efficiency of blockchain networks.
