Web3.0 Unicorn Company Profile: Coinbase Satisfies Most Businesses

Web3.0 is an Internet distribution. The rules, applications, and communities that run the blockchain have been brought together as Web3.0. The first app to hit the market was decentralized exchanges, forex trading, Stabilitycoins, and blockchain trading.

Blockchain is called a platform because it can be thought of as the global metering platform on which all services can run. It is also an international computer that can not only be stored, but where many separate devices can communicate securely in real time. It has changed the way of doing business. This will lead to new models of peer-to-peer collaboration and product sharing that have never been seen before in history, and lead to new changes that we cannot predict today.

in a word

Web 1 :

Open Internet protocol from the 70s and 80s, including TCP, IP, SMTP, and HTTP.

Developed by a spirit of openness and patience.

Anyone can create it without anyone's permission.

Web 2:

Opening applications is a difficult way to make money.

The Web2 industry standard is based on the development of closed-loop processes at the top of the Internet open source process.

Some businesses are now somewhat profitable businesses in history, and you should rely on free but opaque models.

Web 3:

Like Web1, it is open source, but integrated by the cryptoeconomy.

Follow the independence rules of your existing organization.

We pride ourselves on user property and have not licensed open source software and files.

Develop a sense of self-esteem and cooperation.

2021 is the year that Web3.0 enters the theme. By purchasing high-priced NFTs from the Discounted Discord community to rename Facebook to Meta, family and friends can ask why someone paid $ 30 for a digital photo of the monkey. Conflict.

This area is very popular with users and the demand for engineers with expertise related to Web3.0 is very high. Indeed, in London, the salaries of blockchain start-up developers familiar with programming languages ​​such as Solidity and Rust are almost 22% higher than the average salaries of software engineers regardless of their age.

Many investment firms have announced Web3.0-only funding. I can't stand the idea of ​​identifying and researching unicorn companies in the Web3.0 arena.

The purpose of this article is to provide an overview of the current state of Web3.0 unicorn businesses by the end of 2021.

I define Web3.0 as an ecosystem of decentralized application and all the tools. To find the company Web3.0, I used the Crunchbase database to get data (1) using scripts traded with blockchain, cryptocurrency and bitcoin, and (2) intermediate scripts with unicorns and unicorns.

Second, similar research revealed more companies except the industry label is removed regardless of market share. Likewise, we need to find the number of companies in the Web3.0 field, so we remove the middle label and keep the brand. To find the vertical market, we used the panorama provided by Research Block with analysis for Web3.0. These verticals are (1) business / brokerage, (2) infrastructure, (3) crypto financial services, (4) data and analytics, and (5) NFT / gaming.

As of December 24, 2021, I have traditionally seen 60 Web3.0 unicorn companies, the total number of Web3.0 companies is 8,785.

In this article, my opinion will focus on:

(1) the proportion of Unicorn products on the Web3.0 market;

(2) Based on number of investments in Web3.0 Unicorn Company, top investors in the industry.

(3) Divide these businesses into regions.

(4) configuration de champ vertical Web3.0 ;

(5) Preliminary estimate of the total turnover of the company unicorn Web3.0.

Almost 150 Web3.0 companies have become a unicorn.

Of the 8,785 Web3.0 businesses, 60 have become unicorns. According to historical data (which may not capture a snapshot of the Web3.0 business), according to an entrepreneur who started a Web3.0 business, there is 0.7% complex experience to become the founder of the unicorn business. From a venture capital perspective, if you invest in a 140 Web3.0 company, you can become a unicorn company trader. It will be interesting to see how this example evolves in the coming years.

Coinbase has invested heavily in unicorn company Web3.0.

Looking at investors who have invested in Web3.0 Unicorns (only the top five investors reported by Crunchbase), we see 152 investment / risk investment firms investing in Web3.0 Unicorns. The companies with the most investments are Coinbase Ventures (19 investments, 32% unicorn), The Financial Group (14 investments, already Web3.0 unicorn), Andreessen Horowitz (12 investments), Ribbit Capital and Pantera Capital. (9 investments each). . The list also includes other impacts of the venture capital market in recent years, such as the Tiger Global Fund (8 investments, top 6 by number of investments) and SoftBank Vision Fund (4 investments). It's no surprise that we don't see native Web3.0 budgets like Maven 11 Capital and MultiCoin Capital, some of which are expected to be added to the list in 2022.

The United States has become the center of Web 3.0

This year, the focus of Web3.0 was moved to the United States following the Chinese crackdown on Bitcoin. In fact, the United States for the first time overtook China as the number one target of the crypto mining industry. As the A16z poll said voters prefer candidates who support Web3.0, Web3.0 is expected to spark controversy in Washington DC in the future.

The expansion of Web3.0 unicorns and the rise of Bitcoin mining games may be the reason Web3.0 is so popular in Washington DC. Of the 60 unicorn companies, 53% are headquartered in the United States, followed by China with 5% (three companies) of the Web3.0 unicorn companies. Other countries on the list include Brazil, Canada, Hong Kong, India, Switzerland, and the UK, each with two companies.

As Decentralized Finance (DeFi) has become an integral part of Web3.0 with the key concepts of openness, distribution, visibility and unauthorized access, we have found that users experts from many countries are working on this new law. , in order to diversify the business base of Web3.0 unicorns in the future.

Trading / Brokerage dominates this area, but NFT / Chains games dominate

32% of Web3.0 unicorn businesses are in the business / brokerage industry. This is mainly due to the popularity of exchanges (Gemini, Coinbase, Bitpanda, etc.) in the cryptocurrency market.

It has followed the major crypto financial services, including 28% of the Web3.0 unicorns. The total revenue of these companies averages $ 580 million, which is $ 180 million more than the average of all Web 3.0 unicorns.

Throughout 2021, the keyword of the year that the crypto community has been talking about is NFT / blockchain gaming. NFT / blockchain game companies made up 13% of Web3.0 unicorn companies and raised an average of $ 400 million, but were 25 months short of the Web3.0 unicorn company average. . As members of the global crypto community research new NFT markets, we expect these vertical companies to experience growth in 2022.

Web3.0 raised a total of $ 27.3 billion. following?

There is no doubt that Web3.0 with a total investment of $ 27.3 billion is a must see, and it is just the beginning of the internet boom and future investments. The goal of Web3.0 is to create an integrated interface that allows users to transfer data from one department to another without affecting the business "walled vaj".

Blockchain and other applications like DeFi, NFT, GameFi, etc. are the backbone of this model. The annual highs and lows for the 60 unicorns were $ 15.6 billion and $ 4.2 billion, respectively, according to data from Crunchbase. Web3.0 unicorn business value cannot be measured by sales alone like existing businesses. Taking as an example the composability of the Web3.0 industry like Lego blocks, this combination creates unprecedented value.

It is too early to report investments in 1 to 2 years, but in terms of investing in 2021, we can be sure that more and more trade participants are coming.