Follow Web3 news and funding trends with our daily updated dashboard on startups and investment in the Web3, crypto and blockchain sectors, based on SA国际传媒’s comprehensive data.
Last updated: 01/23/2025
Eleven companies joined The SA国际传媒 Unicorn Board in April 2024 鈥斅燼 big jump up from the six companies that joined in April 2023 but still a fraction of the 40 added to the board in April 2022.
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The Web3 Tracker is a one-stop shop for following Web3 trends, news and data about venture funding and leading investors in the sector.
Web3 refers to the next evolution of the internet primarily built on blockchain technology. While the concept has been around for just under a decade and didn’t enter mainstream usage until a few years ago, the Web3 sector has attracted more than $100 billion in investment, SA国际传媒 data shows.
Web3: A brief history
Whereas Web 1.0 represents the early days of the internet and its static, heavy content-related nature, Web 2.0 was the maturation of that into a more user-generated network that brought about more utility, sharing and interactivity.
Web3 could be the most significant step yet. The term was coined by 听肠辞-蹿辞耻苍诲别谤听 in 2014 and refers to moving the internet toward decentralized technologies with the promise of increased transparency and accessibility. Proponents say the shift toward Web3 will make the internet open to more innovative technologies and shift power away from large tech companies.
Web3 is an umbrella term used to describe a new iteration of the Internet that鈥檚 primarily built on blockchain technology.
While the Internet of today鈥攐r Web2鈥攑rimarily focuses on user generated content, social networking and cloud computing, Web3鈥檚 core focus is on decentralization, transparency and accessibility. The technology ushering in this new era was created in response to the centralized nature of the Internet and the perception that a handful of large corporations control what is and isn鈥檛 allowed on the web. Web3 proponents say it puts the power back into the hands of users and creates a more open, transparent and accessible Internet ecosystem.
A few examples of Web3 companies in the U.S. include , a developer platform that helps companies build reliable decentralized applications; , a platform for Ethereum scaling and infrastructure development; and , a startup that鈥檚 focused on making it easier for traditional data sources, such as APIs, to connect with blockchain technology.
The top three Web3 startups by total funding are , with $4.1 billion raised; , with 拢1.5 billion ($1.8 billion) raised; and , with $1.7 billion raised.
The top three startups in the Web3 ecosystem with the highest valuations are , valued at $32 billion; , valued at $14 billion; and , valued at $13.3 billion.
While Web3 isn鈥檛 a technology, there have been innovations created based on what the concept represents: a decentralized internet. An NFT, or non-fungible token, is an example of one such innovation. NFTs allow individuals to claim ownership over digital art and other assets. For example, if you鈥檙e an artist, you can turn an art piece into an NFT and sell it on a marketplace like . To purchase the NFT, an individual might pay you 5 Ether for ownership rights. Your newly acquired Ether coins could then increase (or decrease) in value based on demand and market conditions.聽
A cryptocurrency is a digital currency that鈥檚 tradeable and uses cryptography to secure transactions. To create more transparency, these transactions are primarily stored on the blockchain, making them completely traceable.聽
There are a wide variety of cryptocurrencies, each with its own use case. For example, Bitcoin is considered a store of value. Stellar Lumens (also known as XLM), the token created by the , was created to help individuals transfer money quickly. These cryptocurrencies, and many like them, can be used for things like investing and making purchases.聽
Note: please do your research before investing in any cryptocurrency or digital asset.
No. Web3 is the name used to describe the innovations that blockchain technology has given rise to. Cryptocurrency is the digital currency used within the blockchain ecosystem.聽
To understand how Web3 works, first you need to know the basics of blockchain technology. The blockchain is a distributed database, or ledger, that鈥檚 not owned by any one entity (decentralization). It stores information, such as cryptocurrency transactions, in a digital format that can鈥檛 be edited or deleted (transparency). This information is stored in a 鈥渂lock鈥� that connects to other blocks when it reaches storage capacity limits, creating a chain. Hence the name blockchain.聽
With the transparent and decentralized nature of the blockchain, developers are now building a new wave of innovative applications that leverage this technology; what is now known as Web3.
Yes. Our Web3 Tracker is a public resource. We do ask that you please cite SA国际传媒 as the data source and include a link to the Web3 Tracker when possible. For additional press inquiries, email press@crunchbase.com.
Please reach out to support@crunchbase.com if your company鈥檚 data needs to be updated or if something is missing.
All of our Web3 news and trends coverage is here.
$3B
Phantom is a digital wallet reimagined for DeFi and NFTs. Phantom is a multichain wallet that supports various applications and allows users to manage their crypto and NFT assets across multiple blockchain networks, particularly Solana. The Phantom wallet is accessible through various platforms including mobile and browser extensions, making it versatile for all users engaging with digital finance.
San Francisco, United States, North America
Number of Acquisitions 2
Total Funding Amount $268M
$1B
Sygnum is an international digital asset banking organization, rooted in Swiss and Singaporean traditions. The company provides professional and institutional investors, banks, corporations, and DLT foundations with the means to invest in digital assets with utmost confidence. Sygnum's team facilitates this through our top-tier security, personalized expert service, and regulated services in digital asset banking, asset management, tokenization, and B2B offerings.
Z眉rich, Switzerland, Europe
Number of Acquisitions 0
Total Funding Amount $188M
$3B
Movement Labs is a modular framework platform that builds and deploys move-based blockchains and applications in distributed settings. Its platform offers a composable and horizontally scalable network that provides unparalleled smart contract security and asset portability to help users solve the cold start problem with unprecedented interoperability.
San Francisco, United States, North America
Number of Acquisitions 0
Total Funding Amount $141M
$1B
Public.com is an investing platform that helps people be better investors. Members can build a portfolio with any fractional asset -- from stocks, ETFs, and crypto to NFTs, art, and collectibles. On Public, ownership unlocks an experience of content and education, contextual to their portfolio, created by a community of millions of investors, creators, and analysts. Users can trade in stocks, options, bonds, and cryptocurrencies, with an emphasis on multi-asset investment opportunities and AI-powered data analytics.
New York, United States, North America
Number of Acquisitions 3
Total Funding Amount $414M
$3B
Blockstream is a blockchain technology supplier that has remained at the forefront of cryptography and distributed system research. Their products and services form the foundation for the financial infrastructure of the future. Blockstream offers a range of key products and services designed to enhance Bitcoin and blockchain functionality. Notable offerings include Blockstream Satellite, which broadcasts the Bitcoin blockchain via satellite for users without internet access, and the Liquid Network, a sidechain solution that enables faster and more confidential transactions. Their Green Wallet is a non-custodial Bitcoin wallet focused on security and user control. Additionally, Blockstream provides blockchain APIs for developers to integrate blockchain functionalities into their applications, along with solutions for efficient Bitcoin mining operations. They also focus on cryptographic proofs to enhance privacy and security in transactions. Together, these products aim to improve the usability and capabilities of Bitcoin and blockchain technologies.
Montr茅al, Canada, North America
Number of Acquisitions 3
Total Funding Amount $299M
$116B
Austin, United States, North America
Number of Acquisitions 0
Total Funding Amount $14B
$15B
Discord operates as a voice, video, and text communication service to talk and hang out with friends and communities. It was originally created for people who loved to play games, but these passionate people realized it could be enjoyed for more purposes. Discord is now used by everyone from local hiking clubs, to art communities, to study groups.
San Francisco, United States, North America
Number of Acquisitions 3
Total Funding Amount $979M
$13B
OpenSea is a peer-to-peer marketplace for crypto collectibles and non-fungible tokens. It includes collectibles, gaming items, and other virtual goods backed by a blockchain. On OpenSea, anyone can buy or sell these items through a smart contract.
New York, United States, North America
Number of Acquisitions 3
Total Funding Amount $427M
$12B
Dunamu owns and operates a digital asset exchange (UPbit), two investment exchange platforms (Stockplus and U-Stockplus), and an equity management platform (Onboard). UPbit is a cryptocurrency exchange platform with presence in Korea, Indonesia, Thailand, and Singapore. Stockplus is a securities information/trading platform with an active partnership with 11 broker-dealers. U-Stockplus is an OTC platform providing a trading service for private companies. Onboard helps private companies manage equity electronically for their shareholders.
Seoul, South Korea, Asia
Number of Acquisitions 0
Total Funding Amount $741M
$10B
Alchemy is a web3 developer platform that helps companies to build reliable decentralized applications. Its mission is to provide developers with the fundamental building blocks they need to create the future of technology without the hassle of managing blockchain infrastructure in-house.
San Francisco, United States, North America
Number of Acquisitions 3
Total Funding Amount $564M
$116B
Austin, United States, North America
Number of Acquisitions 0
Total Funding Amount $14B
$39M
GRVT is an institutional-grade self-custody derivatives trading platform, where we eliminate counterparty risk and offer unparalleled efficiency. With features like KYC, self-custody, and privacy-enabled trading, plus high transaction throughput, we provide RFQ and CLOB options for futures, perpetuals, and more.
Singapore, Singapore, Asia
Number of Acquisitions 0
Total Funding Amount $14M
$11M
Nexity Network is building a blockchain-enabled, circular, more transparent, and productive world to rethink how everything is designed, created, used, and recycled, from the food we eat to the clothes we wear and how we do business. Nexity is creating the next economy to serve as a bridge for the companies and customers to enable transparently, responsible, and secure product/service flows. Our ecosystem is positioned to solve supply chain complexities, focusing on day-to-day operational activity from environmental damages, visibility gaps to trust between parties, and fragmented data exchange. While incentivizing supportive Kols, Resellers, and Ambassadors, we are naturally amplifying the benefits of a network effect required to enable circular business applications that are forming the nodes of our infrastructure - paving the way for Nexity to become the global standard in any supply chain activity and for all stakeholders from manufacturers, distributors to consumers and recyclers. Manufacturers will no longer have to worry about how the product is performing after is leaving the factory because we are creating a digital twin of their products to capture data along each consumption step of their lifecycle, including real-time lifespan data and performance, environmental impact, stories, and events - everything to protect their brand and to create a never-before-seen connection with their customers and partners. Retailers will no longer worry about old, web-based user experiences and low/no interaction between products and customers. We augment the entire buying process in a reactive, living system experience that virtually connects the customers with the products they love. Customers will no longer have to research if a product is authentic manually, the brand is responsible, or even the processes behind arranging the atoms inside of the things they are looking for because of Nexity鈥檚 combo between digital twins and product tracking.
Los Angeles, United States, North America
Number of Acquisitions 1
Total Funding Amount $9M
$39M
Amerany is a cutting-edge decentralized finance (DeFi) staking platform designed to deliver flexibility, security, and profitability for investors of all experience levels. Supporting over 10 blockchain networks, including Ethereum (ETH), Aptos (APT), and Optimism (OP), Amerany simplifies the staking experience with its intuitive interface and multi-chain capabilities. What makes Amerany stand out is its ability to let users diversify staking strategies across multiple networks, helping to maximize returns while mitigating risk. Whether you prefer fixed-term staking for consistent, predictable yields or flexible options that adapt to market changes, Amerany offers customized solutions to meet your investment goals. At its core, Amerany prioritizes security and user-friendliness. By employing advanced security measures to safeguard assets and providing an easy-to-navigate platform, Amerany empowers even those new to DeFi to stake with confidence and achieve their financial aspirations.
Wellington, New Zealand, Oceania
Number of Acquisitions 0
Total Funding Amount $2M
$3B
Phantom is a digital wallet reimagined for DeFi and NFTs. Phantom is a multichain wallet that supports various applications and allows users to manage their crypto and NFT assets across multiple blockchain networks, particularly Solana. The Phantom wallet is accessible through various platforms including mobile and browser extensions, making it versatile for all users engaging with digital finance.
San Francisco, United States, North America
Number of Acquisitions 2
Total Funding Amount $268M
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