Still in progress, Web3 became the buzzword of 2021 and continues to be widely discussed this year. As NFTs, DeFi, crypto and other blockchain-based applications continue to grow, more and more brands, companies and individuals are entering the Web3 space. So what are some of the top Web3 companies at the forefront of the Web3 revolution?
In this guide, we’ll cover the basics of Web3 and Web3 companies. We will also discuss what are the leading Web3 companies you should know about this year and the benefits of working in this space.
What is Web3?
Simply put, Web3 (or Web 3.0) is the next iteration of the Internet that will be completely decentralized. The term was first coined in 2014 by Ethereum co-founder Gavin Wood. To put things in perspective, the first iteration of the Internet, Web 1.0, only allowed reading or viewing a website. On the other hand, Web2 is the web we know today—where we connect with others through social media, build audio and video streaming capabilities, and more.
However, the Web2 centralized technology giant is limited in how it controls the majority of the Web and in turn controls user data. In contrast, “Web3 embraces decentralization and is built, operated, and owned by users,” he says. Ethereum. In short, “Web 3 places power in the hands of individuals rather than corporations.
What is Web3 Company?
While there is still no clear definition of a Web3 company, fundamentally, there are many factors that differentiate it from a Web2 company. First, the companies focus on decentralization. Next, they take a step back from traditional data ownership processes. To demonstrate, most Web3 companies do not ask you to share your personal data. Instead, you simply have to link your crypto wallet to enter the platform. Finally, Web3 companies focus on one or more Web3 technologies. This could be artificial intelligence, machine learning, NFTs, crypto or other blockchain-based technologies.
Top Web3 Companies You Should Know
Now that we’ve covered the basics, let’s take a look at the top Web3 companies of 2022 (in particular order).
OpenSea is the most popular NFT marketplace.. In the year Founded in 2017, OpenSea is a non-custodial, peer-to-peer NFT marketplace. It allows users to mine, buy, sell and view NFTs. At least in theory, there is no centralized entity that controls the assets on the platform. Because of the wide range of NFTs it offers, OpenSea is often referred to as the “Web3 Amazon”. It is currently the highest-grossing marketplace of all time, with nearly $32 billion in sales (at the time of writing).
2. Magic Eden
Magic Eden It is a leading NFT marketplace Solana NFTs. A decentralized NFT marketplace on the Solana network, Magic Eden boasts an all-time trading volume of $1.6 billion. On the platform, users can create, buy, sell and trade NFTs such as digital collectibles and gaming assets. Reportedly, the platform has over 90% market share of secondary Solana NFT trading.
Immutable In the year It is an Australian based startup founded in 2018. The company is behind Immutable X, the leading Layer 2 solution for NFTs powering the next generation of Web3 games. Moreover, it is a carbon-neutral platform that provides gas-free brewing. Immutable is backed by Animoka Brands and has raised $279.8 million in funding to date.
4. NFTY Labs
NFTY Labs Web3 Ventures is headquartered in Miami, Florida. Primarily, the company focuses on supporting and building “its products for tomorrow’s Web3.” In short, NFTY Labs builds community-based tools, standards and technology for NFTYs. At the same time, it is facilitating cross-chain NFT standards and practices.
Founded in 2016 by Anand Agawala and Jinha Lee, place It helps creators and brands develop their own alternative spaces like virtual art galleries. With a well-experienced team, the Web3 company offers 3D, Virtual Reality (VR) components to create your own NFT or non-NFT art gallery. This way, anyone can display 3D renderings of their sculptures, pottery, molds, paintings, and more in Metaverse.
Web3 Consulting Company, Weiner 3 Gary Vayenchuk, popularly known as Gary Vee, is the brainchild of an entrepreneur and NFT enthusiast. The company works with partners in the Web3 space, including Digital Worlds and DAOs. It aims to guide global enterprises and intellectual property owners in their Web3 journey. When originally called VaynerNFT, Gary Vee recently changed his company name to Viner3..
An experience-driven NFT platform, Sweet Offers officially licensed NFTs and collectibles from popular groups, brands and artists from around the world. In particular, the arena caters to a wide range of fans from professional sports to live events. Their collections include NFTs from the Cleveland Cavaliers, Australian Open, Arrow McLaren and more.
In general, Excluded It is a selective NFT marketplace that brings luxury to the meta. In the year Founded in 2021, the platform offers NFTs from luxury brands in fashion, beauty, watches, jewelry, lifestyle and supercars. In addition, Exclusive offers many luxury residences, villas, private islands and more to enjoy in the virtual world.
Founded in 2017, Ariane It is an NFT platform that focuses on the luxury and fashion industries. The company offers the open-source Ariani protocol for brands to add digital value to their physical products. Through NFTs, customers can enjoy a variety of fitness experiences. To date, the company has collaborated with several global brands, including Breitling, Vacheron Constantin and Richemont. In May of this year, the company raised 20 million euros in a Series A round.
Autograph is an NFT platform that brings together some of the world’s most famous brands and celebrities in sports, entertainment and culture. Headquartered in Los Angeles, the company was co-founded by football star Tom Brady. Already, the platform offers NFTs like sports legends Simon Bills, Naomi Osaka, Wayne GretzkyAnd Tiger Woods. It recently launched signature experiences that offer VIP event access, exclusive merchandise, curated forums and more.
Founded in 2018, sister NFT is a fantasy football game where players buy, sell, trade and manage a virtual team using player cards. Using Ethereum-based digital cards, users can form five-player teams to participate in virtual tournaments. Additionally, users can earn weekly rewards in ETH and/or rare cards. To date, the game has over 280 officially licensed football clubs.
Kraken It is one of the largest and oldest cryptocurrency exchanges in the world. In the year Founded in 2011, it is one of the leading platforms to buy, sell and trade crypto. The company’s mission is to accelerate crypto adoption to facilitate financial freedom for everyone in the world. Currently, it boasts more than 8 million merchants, institutions and authorities. It also supports more than 185 cryptocurrencies.
Based in San Francisco, Ripple It is a leading provider of crypto solutions for businesses. Founded in 2012 by Chris Larsen and Jed McCaleb. Using crypto and blockchain technology, Ripple offers faster, more transparent and cost-effective solutions than traditional financial services. Using the solutions, customers can source crypto, enable faster payments, leverage their treasury, lower capital requirements and more.
Founded in 2016, based in Singapore Crypto.com It claims to be the world’s fastest growing crypto app. Originally called Monaco, the Web3 company changed to Crypto.com in 2018. Currently, the platform has more than 50 million users buying and selling more than 250 cryptocurrencies. Additionally, it supports over 20 fiat currency purchases using bank transfers as well as credit/debit cards.
It is the last in the list of major Web3 companies. AlchemyA Web3 developer platform that enables enterprises to build decentralized applications. In fact, Alchemy operates some of the major NFT platforms and marketplaces. Top Web3 projects like Cryptokitties, OpenSea, Ledger, Kyber and others use the company’s products to support their infrastructure.
Advantages of working in Web3
Naturally, with the growth of Web3 companies, the demand for Web3 talent is growing. Moreover, working in the field has many advantages. For example, most Web3 jobs offer remote work opportunities, allowing you to work from the comfort of your home. In addition, Web3 offers something for almost everyone. Whether you are in design, development, content creation, social media or community management, there are many opportunities in the industry.
In addition, most Web3 jobs offer higher compensation compared to Web2 jobs. They also become part of standalone communities and DAOs. The opportunity to participate in Web3 events and conferences around the world as well as receiving NFT airdrops are other benefits of working in this industry.
If any of the Web3 companies mentioned above interest you, be sure to check their websites for any open positions. We also have a guide that covers everything. How to find a job in Web3.
All investment/financial opinions expressed on NFTevening.com are not recommendations.
This article is educational material.
As always, do your own research before making any investment.