Web 3.0 became a popular term in the cryptocurrency industry shortly after the rise of the Metaverse on the Internet. With the help of innovations like machine learning (ML), decentralized ledger technology (DLT), etc., websites and applications in the Web 3.0 era can process data in a manner that is strikingly reminiscent of the human mind. In Web 3.0, blockchain projects like cryptocurrencies play a pivotal role.
Successful experiments with digital currency, avatar fashion, and virtual shopping experiences on platforms like Roblox, DressX, and Emperia provided glimpses into this uncharted territory. Nike has made a name among Web3 hype beasts with its CryptoKicks NFTs, which draw inspiration from the subculture of “sneakerheads.” LinksDAO also introduced a decentralized “country club” on the blockchain, allowing golfers worldwide to network with one another.
Ledger has developed a more advanced hardware wallet to keep your cryptocurrency safe offline. Chainalysis has used its forensic skills to track down cryptocurrency funds stolen in hacks and scams. The Hundreds reworked the smart contract system to ensure artists get their dues in response to the industry’s shaky track record on creator royalties. The Ethereum Foundation worked to reduce crypto’s environmental impact with a technology upgrade called the Merge, and there are many more in the row. So, we have listed the top 10 Web3 companies to invest in 2023.
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List of Top 12 Web3 Companies to Invest in 2023
In the Metaverse, what will you be wearing? DressX, a virtual boutique and designer has quickly risen to the status of avatars’ preferred courtier. For those looking to dress up their online personas or virtual characters, the startup provides access to the largest collection of virtual clothing with more than 3,000 items. The company sells clothing from numerous designers and brands, including Adidas Originals, American Eagle, and many 3D artists. Celebratory dresses made in Ukraine cost anywhere from zero to fifteen hundred dollars. DressX also offers a virtual try-on app so that you can see how the clothes look on you. The company pioneered using Roblox’s layered clothing feature in April 2022. In July, it styled avatars for Meta, and in August, it collaborated with Coca-Cola to create a rave-themed collection for its Dreamland augmented reality music experience. Warner Music Group has recently invested in the company and enlisted it to help several musicians create their virtual clothing lines that fans can collect and share across social media and the expanding metaverses.
The blockchain information platform is called Chainalysis. More than 70 countries rely on us for information, software, services, and research. Their customers include government agencies, stock exchanges, financial institutions, insurance providers, and cybersecurity firms. Some of the world’s most high-profile criminal cases have been solved with the help of investigation, compliance, and market intelligence software powered by their data.
3. Fortress Trust
Fortress Trust is a technology firm to make the innovations made possible by blockchain accessible to all enterprises, sectors, and individuals. To do so, we rely on the Web3 infrastructure that Fortress has developed to facilitate the transition from Web2 to Web3 for all of our partners, no matter where they are in their blockchain, NFT, or cryptocurrency journey.
Fortress was designed to support the emerging ePayments and Web3 industries by providing the necessary financial, regulatory, and technological backbone. Compliance, payments, custody, trustee-of-assets, escrow, crypto liquidity, and other financial services are available from this firm.
Pinata is the best place to find NFTs and other forms of creative media. Since its inception in 2018, Pinata’s IPFS storage and NFT media management have been driving the web3 ecosystem. The company’s primary goal is to give users more room for individual expression. Pinata is pleased to contribute to the growth and development of a community where innovators and entrepreneurs can flourish as more people become aware of the NFT market’s unrealized potential.
Sorare combines elements from sports, video games, and NFTs. Sorare is creating a community-based fantasy football management game where users can trade digital cards featuring their favorite players, learn more about the sport, and compete for prizes. On Sorare, you can join the game from anywhere in the world. The company aims to create a community where fans, players, and clubs can enjoy, promote, and take pride in their favorite sport.
Sorare, which launched in 2018, is rapidly expanding. Since January 2021, the platform has seen 160 countries generate card sales of over $300M (€270M). Softbank, Benchmark, Accel Partners, professional footballers Gerard Piqué, Antoine Griezmann, Rio Ferdinand, and key tech investors like Alexis Ohanian all back Sorare.
Crypto.com boasts over 50 million users and positions itself as the world’s fastest-growing crypto app. The Singapore-based company offers more than 250 different cryptos for sale, including Cronos. “Fortune smiles on the brave” is the motto of this organization.
Nike has applied its half-century of experience in creating iconic products (running shoes, sneaker culture, and now digital goods) to the marketplace. The startup Rtfkt (pronounced “artifact”), which specializes in developing digital assets for the fashion and collectibles industries, was acquired by the company in December 2021. In April 2022, Nike Virtual Studios began releasing digital versions of officially licensed Nike sneakers under CryptoKicks. The partnership between Rtfkt and Japanese pop artist Takashi Murakami was also expanded, with a limited run of 20,000 digital Nike Dunk Genesis sneakers called CryptoKicks sporting a color scheme inspired by Murakami. In December 2022, Nike debuted the CryptoKicks IRL, a real sneaker based on the Nike Adapt, bringing together the physical and digital aspects of sneaker collecting. The shoes, which feature cutting-edge technology like Nike’s automatic lacing system, haptic feedback, and lighting, would be available to digital collectible holders.
Autograph is an NFT platform that connects fans with their favorite brands and celebrities from sports, entertainment, and culture through exclusive digital collections and experiences. Autograph, a Los Angeles-based company co-founded by Tom Brady, is shaping the future of fandom with its open and streamlined process, authentic and inventive products, and carefully cultivated partnerships. Wayne Gretzky, Derek Jeter, Naomi Osaka, Simone Biles, Tony Hawk, Tiger Woods, and several other A-listers have all released successful debut collections as part of the Advisory Board.
Also Read: Top 10 Web3 Marketing Tools
Braintrust is a Web3 decentralized talent network that links top companies worldwide with qualified professionals. It controls its internal incentive token (BTRST tokens) and manages the entire network. More than 700,000 people from all over the world are part of Braintrust’s global community.
10. Ethereum Foundation
Proof of work is a resource-intensive process used as a primary criticism of blockchains. The computational effort required to solve certain cryptographic puzzles to be rewarded with a blockchain’s currency, known as “work,” has had a profoundly unfavorable effect on the environment. According to the non-profit organization Earthjustice, between mid-2021 and mid-2022, the electricity used by servers mining cryptocurrencies in the United States resulted in an additional 27.4 million tons of CO2 emissions, more than three times the output of the country’s largest coal-fired power plant.
Aptos is a decentralized initiative to release the most secure and production-ready Layer 1 blockchain. Diem is the first blockchain designed specifically for this use case, and the team behind it consists of its original creators, researchers, designers, and builders.
Our goal is to ensure that everyone, everywhere, has equal and convenient access to decentralized assets.
Also Read: Top 10 Web3 Marketing Companies in USA
When there is a major scam (allegedly on the scale of November 2022’s FTX cratering), the crypto community often cites the adage “Not your keys, not your coins.” This is said whenever an individual’s software wallet is compromised (likely through a phishing scheme). Instead of keeping their cryptocurrency on a centralized exchange like FTX or Coinbase or in a virtual online wallet, Ledger customers have had the option of purchasing hardware wallets since 2016. The French startup is widely regarded as the category’s pioneer after raising $468 million. Ledger has sold over 5 million Nano brand devices, which look like USB keys.
After FTX declared bankruptcy in 2022, demand for Ledger’s products peaked, and the company fueled that demand with two announcements in December. It allowed users to track metrics like uptime and transaction fees for a thousand different kinds of decentralized crypto protocols. Extremely technical crypto jargon, to be sure, but it provides millions of users with early warning of additional crypto-based epidemics. In addition, Ledger collaborated with renowned product designer Tony Fadell, whose portfolio includes the iPod and the Nest thermostat, to develop a new credit-card-sized crypto wallet called Stax. It has a touchscreen e-ink display, making it similar to using a Kindle in terms of usability. In March of 2023, you can order the new $279 Stax.