Web 3.0, the third version of the internet, promises a decentralized, accessible, and open exchange of digital information. Web3, which includes advanced technology such as cryptocurrencies, blockchains, NFTs, and the metaverse, has been the most frequently discussed topic among investors and businesspeople.
Most businesses intend to use Web 3.0 technologies to ensure the end user’s most precise and satisfying results. So, without further ado, let’s look at the top 5 web3 startups to watch and learn from in 2022.
Terra is a decentralized financial infrastructure founded in Seoul, North Korea, in 2018. This web3 startup allows users to make payments using a cryptocurrency that has a stable price and can be used for both payment and other purposes. Terra provides a decentralized asset that derives its value from Terra network transaction costs and is an excellent platform for decentralized financial apps. Users can make cryptocurrency payments on e-commerce platforms that accept the token.
Chaingrep was founded in 2022 by Rosco Kalis as a search engine for digital assets and on-chain transactions. It’s like a modern-day block explored. Blockchain transparency is only helpful if the platforms that host it make it simple and easy to understand the data, which will become more critical as more non-technical people use web3 platforms. Despite Ethereum’s rapid growth, block explorers are challenging to use and have not improved in years.
By abstracting many of the features of current block explorers, such as Etherscan, and removing all the unnecessary noise, the experience of obtaining on-chain information can significantly improve. As a result, ChainGrep created an Etherscan for people.
In 2020, Ayush Ranjan launched the video calling network Huddle01. Their work seeks to reduce network latency in video conferencing by using a decentralized video calling architecture. The company wants to be the first to deliver real-time communications to Web3. It believes everyone should have their own digital space to freely express themselves.
KrypC is a blockchain software company based in Bangalore founded in 2016. The company has offices in the US, the Netherlands, and India.
The web3 startup holds many patents in payment solutions, digital currencies, mobile wallets, and security. They provide businesses and entrepreneurial innovators with reduced and ready-to-use software packages to deploy and manage innovative solutions with the least amount of money, time, and risk. KrypC recently unveiled KrypCore, a prototype version of their technology that will remove the barriers that prevent businesses from adopting blockchain and allow them to create their blockchains. The company’s technology platforms are Ethereum, Multichain, and Hyperledger.
Pillow is a decentralized finance investment platform that allows customers to maximize their cryptocurrency earnings while incurring the least hassle. Pillow’s research team examines 500+ protocols across ten chains to determine the most secure approach to maximizing profits. Users can invest in Pillow in a single step, rather than bending backward and switching from an exchange to a custodial wallet to bridge the right chains and discover the right assets.
Web3 startups – A decentralized ecosystem based on blockchain technology is now envisioned as the internet’s next stage of evolution. Web3 startups would represent a departure from the centralized mega-platforms and businesses currently dominating the ecosystem. If you need more information about blockchain solutions, contact SmartOSC.
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