Crypto has come a long way. First, there was Bitcoin, and somebody decided to use it to buy pizza. Then, there were Dogecoin and the never-ending posts about the first meme coin ever launched. These days, there are almost 23,000 cryptocurrencies on the market, a whole lot of technology updates behind them, and almost half a billion crypto users worldwide.
From fiat to crypto, from offline to digital, and from Web2 to Web3. But what is Web3, exactly? And as you may have heard, several Web3 companies are making their way in various industries. And what are Web3 companies? Well, let’s find out.
What Is Web3?
Web3 is believed to be a new and better version of the internet. Because it uses blockchain technology, Web3 will give users the power of ownership through crypto and NFTs.
One of the most remarkable features of Web3 is that it is decentralized through blockchain technology. Ownership is distributed among users and developers without being controlled by centralized entities. Moreover, Web3 is permissionless, allowing users to have equal rights. Using crypto, Web3 will streamline existing processes and will increase security significantly.
What Are Web3 Companies?
Web3 companies are projects that use blockchain technology to transform the internet to users’ benefit. The main features of Web3 companies include offering users ownership over their data and enabling them to share data in a peer-to-peer manner and monetize their content.
Furthermore, Web3 companies provide high levels of privacy and security. They usually achieve that by storing data across multiple servers spread all over the world. This makes Web3 companies more reliable and trustworthy.
Top Web3 Companies Revolutionizing Crypto
Currently, thousands of Web3 projects are being developed, but some have remarkable results and offer valuable features while revolutionizing the industry.
Trust Wallet – Best Wallet Company
Founded in November 2017 by Viktor Radchenko, Trust Wallet is a non-custodial software wallet supporting almost half a billion digital assets, including BTC and ETH, 2 of the most popular cryptocurrencies. Trust Wallet offers users complete control over their digital assets while allowing them to exchange, send, receive, and hold cryptocurrencies and NFTs (Non-Fungible Tokens).
Trust Wallet is used by over 25 million crypto enthusiasts and is available on Android, iOS, and as a browser extension. It also offers users the opportunity to stake 12 cryptocurrencies, including BNB (Binance Coin), XTZ (Tezos), VET (VeChain), TRX (TRON), and ATOM (Cosmos). The software wallet also offers a DEX (Decentralized Exchange), and considering this, it is fair to say that Trust Wallet delivers an all-in-one experience for crypto investors.
Besides, considering that it is a hot wallet, Trust Wallet delivers high levels of privacy and anonymity. When registering, the platform will never require users to complete the KYC (Know Your Customer) procedure.
Brave – Best Browser Company
Brave Browser was launched on January 20, 2016, by Brave Software. Though it is one of the newest browsers, Brave already has over 20 million daily active users and does offer a safe and secure online experience. Cofounded by the creator of JavaScript, Brendan Eich, Brave Browser is leveraging Chromium.
Brave Browser is available on various operating systems, such as Windows, macOS, Android, iOS, and Linux. Its primary focus is on security while also aiming to offer high speed levels. Brave Browser automatically blocks ads and trackers, thus achieving the high speed it is popular for.
Kepler – Best Decentralized Digital Identity Company
Kepler is a self-sovereign storage Web3 company that allows users to decide where to store personal data and to whom they want to offer access. The personal data vaults are called Orbits. An Orbit can be represented by a smart contract that can only be controlled with the user’s private keys. The user’s interactions with Kepler are controlled through their Web3 wallets.
Uniswap – Best Decentralized Exchange
Launched in 2018, Uniswap is a fully decentralized crypto exchange built on top of the Ethereum blockchain. This makes Uniswap compatible with all ERC-20 tokens, besides other popular cryptocurrencies built on blockchains such as Polygon, Optimism, and Arbitrum. Uniswap will also integrate BNB Chain shortly.
Being fully decentralized, Uniswap is not owned or controlled by a centralized entity. Instead, the ownership is spread across various servers. Besides, Uniswap is open source, meaning that anyone can copy the code to create other similar projects.
Etherisc – Best Insurance Company
Etherisc is among the Web3 companies that focus on safety, providing a platform for decentralized insurance applications. It was built on the Ethereum blockchain and launched in December 2016.
The main purposes of Etherisc are to provide on-chain insurance, offer users lower insurance costs and democratize access to reinsurance. The platform uses smart contracts to automate insurance processing and transactions. Besides, Etherisc allows users to develop insurance applications to increase efficiency of insurance purchases and sales.
AAVE – Best Lending Company
AAVE is a Web3 company that has developed a decentralized crypto platform allowing users to borrow and lend crypto assets. Using smart contracts, AAVE works with preset rules regarding funds distribution, collateral handling, and fees.
AAVE was launched in January 2017 by a Finnish programmer called Stani Kulechov. The company specializes in overcollateralized loans; thus, those aiming to borrow crypto will be required to deposit a number of digital assets worth more than they will take.
Lido Finance – Best Staking Company
Lido Finance is a DeFi (Decentralized Finance) platform launched in late 2020. The platform allows users to stake various tokens, including Ethereum, Solana, and Polygon.
Users who stake on Lido Finance are rewarded with stETH (staked ETH), tokens that can be used in various activities, such as liquidity provision, borrowing, lending, and trading.
The main focus of Lido Finance is to make staking more accessible to a broader audience, no matter the users’ technical knowledge and funds. The platform achieves that through lower fees and reduced requirements.
Decentraland– Best Metaverse Company
Launched in February 2020, Decentraland is a game developed in 3D that was built on the Ethereum blockchain. Decentraland aims to offer crypto users a virtual world empowered by virtual reality and augmented reality, also called an open-world metaverse.
In the Decentraland universe, users can be part of a shared digital experience where they can play, exchange various collectibles, socialize, interact, and buy digital real estate or wearables.
Arpeggi Labs – Best Music Platform
Arpeggi Labs has most certainly revolutionized music production with its Web3 music platform built on the ARP protocol. Arpeggi allows musicians and music producers to share their music for reuse while being assured that their sounds will be attributed to them whenever they are used.
Furthermore, Arpeggi Labs offers Arpeggi Studio, a platform where musicians can easily produce music and get ownership in the form of NFTs. Every created sound is published as an on-chain record which other producers can use for their songs.
OpenSea – Best NFT Marketplace
OpenSea is an NFT (Non-Fungible Token) marketplace launched in 2017 as a non-custodial platform. Currently, OpenSea is among the largest NFT platforms ever created, with millions of active users and hundreds of millions of visits monthly.
OpenSea allows users to look for NFT collections of all sorts, from collectibles created by beginner artists all the way to popular NFTs created by some of the most renowned NFT creators.
Axie Infinity – Best Play-to-Earn Game
Axie Infinity is a P2E (Play-to-Earn) game launched in March 2018 by Sky Mavis. The Axie Infinity universe focuses on Axies, some creatures similar to Pokémon characters.
Axie Infinity players can raise and prepare their Axies (also stored as NFTs) to take part in various battles and championships, thus being able to win 2 types of tokens: AXS (Axie Infinity Shards) and SLP (Smooth Love Potion). AXS and SLP are ERC-20 tokens and can be used for in-game activities and updates and traded on DEXs (Decentralized Exchanges).
Stacked– Best Video Streaming Platform
Launched in 2021, Stacked is among the Web3 companies offering live-streaming platforms. The STKD token governs the platform programmatically offered to creators as a reward for their content, thus redefining ownership over live-streaming content.
Stacked has a creator-first focus, constantly developing new features to help video content creators have a better user experience and feel incentivized to deliver more high-quality content.
Niche– Best Decentralized Social Media Platform
Niche is a fully decentralized social media platform that aims to build an incentivized community around its product. Moreover, Niche was developed to allow content creators to build communities around their content. Niche allows users to get into groups called “Clubs”; for each club a user joins, they will be rewarded with an NFT.
Niche was created with the main purpose of helping independent artists and small businesses grow their audiences on a new and innovative platform.
Paragraph– Best Publishing Platform
Paragraph is among the Web3 companies that focus on content creation and publishing. And to do that, Paragraph has launched a publishing platform focusing on Web3 writers, DAOs (Decentralized Autonomous Organizations), and NFT communities. The primary purpose of Paragraph is to help such creators monetize their content through an all-in-one newsletter service.
Gitcoin– Best Fundraising Company
Gitcoin is a platform built for coders and developers. On Gitcoin, they can get paid to work on open-source software in various programming languages.
Gitcoin was launched in 2017, and since then, it has focused on helping worldwide programmers by allowing them to monetize their codes on the platform.
FAQ
What is Web3?
Web3 is a version of the internet that will be fully decentralized, relies on crypto and blockchain technology, and is not owned by any centralized entity.
How Do Web3 Companies Make Money?
There are several ways in which Web3 companies can make money, such as organizing fundraising events, providing services for their users and tokenizing their business, or tokenizing data collected from users while offering free services.
Can You Invest in Web3?
Yes, you can invest in Web3 and Web3 companies. You can invest in Web3 by purchasing crypto from Web3 companies, investing in Web3 company stocks, or using services provided by Web3 companies.
Does Web3 Have Stocks?
Yes, some Web3 companies do have stocks listed on the traditional stock market.
What Are the Best Web3 Stocks to Watch?
Some of the best Web3 Stocks to keep an eye on are considered to be Coinbase, NVIDIA, Meta Platforms, Apple, and Unity Software.
Final Thoughts
Web3 is most certainly revolutionizing the online space, and while some users still try to understand the concept, Web3 companies keep launching and evolving.
At the moment, there are thousands of Web3 companies on the market, spread across every industry. From Web3 companies specializing in crypto wallets, staking, and crypto landing, we can go to businesses that offer live-streaming platforms, fully decentralized social media platforms, or music production tools.
While discovering the power and magic of Web3, do not forget to thoroughly research the companies you choose to invest in and the platforms you use in your daily crypto activities.
* The information in this article and the links provided are for general information purposes only and should not constitute any financial or investment advice. We advise you to do your own research or consult a professional before making financial decisions. Please acknowledge that we are not responsible for any loss caused by any information present on this website.
Source: https://coindoo.com/web3-companies/