Web3 describes a new type of internet service created on decentralized blockchains, the shared ledger systems utilized by cryptocurrency companies.
The internet owned by the builders and users, managed using tokens, is often referred to as web3.
However, in order for this to work, a platform is required, which is why web3 companies exist.
Web3 companies are a decentralized form of the internet that is jointly owned by users and developers.
Web 3.0 is the internet’s third version, offering a free and open flow of digital information and data, as well as privacy and decentralization. In this context, better tech-driven future.
With the surge in popularity of Web 3.0, most organizations are intending to integrate Web 3.0 technologies to provide the most reliable and pleasant outcomes for end-users.
Here are 5 top Web3 companies:
These are the top 5 web3 companies in the world, as determined by recent fundraising, employment, and visibility.
FXT has a market capitalization of $25 billion, employs 160 people, and has raised $1 billion. FTX competes with Coinbase, Binance, and Kraken as one of the globe’s top digital currency exchanges.
The organization serves as a crypto ecosystem platform, enabling retail investors to convert a traditional fiat currency into a variety of cryptocurrencies and likewise.
FTX, like Coinbase Ventures, has established a $2 billion crypto investment fund, which it plans to invest in new initiatives and companies in its ecosystem.
Also read, What is a Web3 Crypto?
OpenSea is a web3 company with an NFT marketplace that allows users to find, collect, and sell digital items based on blockchain technology.
With 220 employees, OpenSea is valued at $14 billion, and the firm has raised $430 million to date. OpenSea is a marketplace for buying and selling NFTs, such as the well-known CryptoPunks and the Bored Ape Yacht Club.
The company has experienced an incredible recent era of success, as it was well established in the NFT sector when it suddenly blossomed in 2021.
OpenSea’s revenues have risen from $95 million in February 2021 to $2.8 billion in September 2021, and its valuations have risen in lockstep.
OpenSea’s incomes have risen from $95 million in February 2021 to $2.8 billion in September 2021, and its market values have risen in lockstep.
Their business plan is identical to that of any other marketplace, with the company earning a 2.5 percent charge from each transaction that takes place on their platform.
Consumer-focused blockchain goods that support digital collectibles are designed for fun and games.
With 430 employees and a valuation of $7.6 billion, the web3 company has raised $610 million to date. CryptoKitties, which is among the most prominent blockchain applications in the globe, is created by Dapper Labs.
Dapper Labs was founded in February 2018 with the goal of spreading the advantages of decentralization through the potential of play.
Since the spin-off, they’ve launched a number of other projects, including NBA TopShot (NTF-based video collectibles) and what appears to be similar cooperation with the UFC.
The Celsius Network is a financial network that allows users to trade, loan, and generate income with crypto assets.
With 450 employees, Celsius Network is valued at $2.6 billion and has raised $800 million to date. The web3 company functions as a cryptocurrency bank, allowing customers to deposit and borrow cryptocurrency or US dollars.
With its first product launching in early 2018, the platform may rightfully claim to have invented the ‘return for staked assets’ notion that now powers most decentralized finance.
The company now has over 1 million registered users across the globe and manages over $22 billion in assets (AUM).
Also read, Web3 Apps You should Know
Gemini is a licensed digital asset exchange and custodian that caters to both people and businesses.
Gemini is a web3 firm with 700 employees and a market capitalization of $7.1 billion. It has raised $400 million to date. Users can purchase, trade, and store digital assets on Gemini, a next-generation cryptocurrency exchange and custodian. BITRIA, a San Francisco-based start-up whose tools assist advisors monitor bitcoin and other token holdings, was one of the company’s most recent purchases.
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