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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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
Sorare combines the excitement of fantasy sports with blockchain technology, allowing true ownership of digital assets and providing a unique gaming experience.
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.
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.
Bitmain is a leading cryptocurrency mining hardware manufacturer, known for its Antminer series of miners widely used in the Bitcoin mining industry.
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.