Mahi Sall, Advisor, Fintech-Bank Partnerships, Payments and Financial Inclusivity
January 25th, 2023
Mahi Sall is the CEO & Founder of FinXpair, a Berlin-based strategic advisory boutique firm focu[...]
10 Blockchain Startups to Watch in 2022
VentureBeat | Kolawole Samuel Adebayo | Aug 15, 2022
While many industries have seen a decline in venture capital investment, the blockchain space has continued to enjoy funding. Blockchain startups have found strength in the rise of NFT use cases alongside the convergence of blockchain and other emerging technologies like 5G, augmented reality (AR), virtual reality (VR) and artificial intelligence (AI).
Gartner predicts the business value generated by blockchain will increase, reaching $176 billion by 2025 and $3.1 trillion by 2030. In addition, Grand View Research estimates the global blockchain technology market will grow at a rate of 85.9% between 2022 and 2030. With the blockchain market capitalization poised to skyrocket in the next few years, investors continue to pour billions of dollars into blockchain and crypto startups.
See: Overview of Some Popular Layer 1 Blockchains
A report by PwC on the outlook of the blockchain industry notes:
[Blockchain is a] technology enabler with an unrivaled capability to improve the business processes in the enterprise while simultaneously lowering the cost of trust. These advancements are touted to result in a greater return on investment (ROI) for first movers and the businesses they serve.
10 Blockchain Startups to Watch (no particular order)
1. FLUREE: Founded 2016 by Brian Platz, based in North Carolina, U.S.A., to date raised $6.5 million
Bringing data into the blockchain space, Fluree is an open-source graph database that guarantees data integrity, provides traceability into data provenance, facilitates secure data collaboration and powers connected data insights. Fluree is going after the general blockchain application market, focusing on becoming the data management infrastructure for Web3.
See: Crypto Bridges are Integral to Blockchain Adoption but Vulnerable to Attack
2. TABTRADER: Founded 2016 by Kirill Suslov, based in The Netherlands, to date raised $7 million
Cryptocurrency trading platform TabTrader is largely invested in decentralized finance (DeFi). Focused on connecting end-users to multiple exchanges and to enable them to execute trades in real-time with its app, TabTrader allows trading on about 40 exchanges and supports more than 12,000 digital instruments, giving users access to a variety of instruments to trade.
3. MEETKAI: Founded 2018 by Weili Dai and James Kaplan, based in Los Angeles, California, USA, raised to date: undisclosed
MeetKai believes the metaverse depends on maximized accessibility and the integration of artificial intelligence (AI). The startup is about extending physical reality into the metaverse and has started mapping the entire world inside its virtual realm.
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