Top 10 Blockchain Startups for 2023

Emmanuel O.
08.01.2023
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Updated: 10.01.2023

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The demand for blockchain and its incorporation into our daily lives is growing by the day; there are currently more than 200 exchanges, and the majority of web3 projects, cloud computing technology, and the internet of things (IoT) are being built around blockchain's unique characteristics.

Grand View Research estimates that the blockchain market was worth $5.92 billion in 2021 and will grow at a CAGR of 85.9% from 2022 to 2030.

Blockchain Market Size by grandviewresearch.com

In recent years, the venture capital sector has invested a sizable amount of money in the blockchain sector. Blockchain-based applications for NFT marketplaces, VR and AR metaverses, e-healthcare businesses, and AI are just a few examples to look out for.

Although the blockchain market's competitive landscape is highly fragmented, market participants are concentrating on mergers and acquisitions to increase their market position. For example, Circle Internet Financial Limited completed the acquisition of SeedInvest, an equity crowdfunding platform, in March 2019. The acquisition was intended to create a token marketplace that would enable individuals and businesses to obtain funds and communicate with investors via open crypto infrastructure.

Web3 Foundation (Polkadot), Helium Systems Inc., Ocean Protocol Foundation Ltd., Zel Technologies GmbH (Flux), Kusama, Livepeer, Inc., Filecoin, and Kadena LLC are among the market's major participants. To increase their market position, these organizations focus on strategies such as alliances, mergers, and acquisitions.

As we move into 2023, it's natural and ideal for crypto enthusiasts to know top blockchain startups, and this article will help them achieve that.

Categories of Blockchain Startups

Categories of Blockchain Startups
1. Cybersecurity

Due to the immutability and unhackability of the data stored in the blockchain network, blockchain technology is widely employed in cybersecurity.

Businesses are using blockchain technology to transform their infrastructure towards a decentralized system because of its high level of security.

2. Smart Contracts

The use of automated agreements for different business transactions has increased with the advent of blockchain smart contract services.

The blockchain platform Ethereum is best for creating smart contracts. To help other companies profit from blockchain technology, you can offer smart contract services to them.

3. Healthcare

Blockchain technology is widely used in healthcare to prevent hackers from accessing patient data and research papers. Healthcare professionals can use blockchain technology for various medical procedures, prescription of drugs, and appointment scheduling.

Individual electronic medical records (EMRs) can be connected to healthcare providers on a blockchain. This allows medical practitioners to recommend treatments, medications, and appointment schedules while protecting patient data.

4. Non-fungible tokens (NFTs)

Non-fungible tokens, or NFTs, are employed as digital assets on several blockchain networks. NFT aids artists in establishing and safeguarding their ownership.

Additionally, a lot of users invest in NFTs as a way to earn huge earnings.

NFTs are protected against hacking and theft by hackers since they are stored on blockchain platforms.

The best approach to making money in the blockchain industry is to establish your own NFT marketplace.

5. Supply Chain

It is relatively simple to trace and track shipping activity because of blockchain networks' ability to give users a comprehensive view of all merchandise on a network, with the potential to cut operational expenses by billions of dollars.

6. DeFi

Defi, or decentralized finance, enables individuals to lend and borrow money without using a traditional banking system. Defi platforms give users access to a variety of banking-related services.

Additionally, by staking their cryptocurrency holdings, members of these Defi sites can earn interest on their investments.

You can build a blockchain-based Defi platform to give your consumers access to multiple banking services.

7. Government

Blockchain can enable individuals to participate and cast their votes anonymously using any device from anywhere in the world.

The blockchain electronic voting system reduces paper use. It eliminates the need for voters to travel to a specific location to cast their ballots,thereby saving money on voting costs and protecting the environment.

You could develop a blockchain project that facilitates a transparent electoral process for countries and get excellent pay for it.

What Are the Top 10 Blockchain Startups?

BEST FOR SECURITY

Certick

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Paving the way with blockchain security, CertiK utilizes cutting-edge Formal Verification and AI techniques to protect and monitor blockchains, smart contracts, as well as Web3 applications.

Certik, founded in 2018, is an early-stage blockchain company with a cybersecurity focus.

Yale and Columbia University professors founded the firm to increase blockchain security through data-driven research.

Blockchain businesses may benefit from such. CertiK has put in place formal verification and AI technologies to combat cybersecurity concerns. On its website, it features a cybersecurity leaderboard and also performs security evaluations of other projects.

BEST FOR DEVELOPMENT

Payourse

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Payourse is revolutionizing the way people interact with cryptocurrency by providing innovative tools and infrastructure that make it easier, faster, and more cost-efficient to create user friendly crypto products.

It was founded in 2019; Payourse has the most potent concept among the numerous African firms, creating tools to set up cryptocurrency exchanges. They established the Coinprodile cryptocurrency exchange, enabling users to transmit digital currency to African destinations.

BEST FOR VIRTUAL REALITY

MEETKAI

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We selected MeetKai for its capability to create amazing metaverse experiences from any device that supports web browsing.

Founded in 2018, this Los Angeles startup aims to produce a virtual reality app featuring a world map. Many real-world locations are already being recorded by MeetKai and added to its application.

The startup wants to give users of the metaverse a window into real places.

MeetKai employs AI models to recognize speech patterns and geographic locations to produce a fun VR experience that advances its mission.

BEST FOR INVESTING

SOON

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We picked Soon for its stress-free, fully automated solution to cryptocurrency investing - making it easier than ever!

The website, created in 2017, allows users to invest in cryptocurrencies without worrying about closely monitoring their spending.

Soon website makes it possible for consumers to invest in cryptocurrencies passively without having to be active on particular cryptocurrency investing platforms.

Soon assesses, transaction fees equal about 3% of the users' portfolio. With the help of this platform, users can invest directly in cryptocurrencies using their bank accounts.

BEST FOR ECOLOGY

Just Carbon

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We selected Just Carbon due to its efficiency in off-setting carbon emissions as well as backing up leading-edge carbon removal projects that contribute significantly towards the fight against climate change.

It was founded in 2021 to make the carbon market transparent.

Just Carbon serves as a marketplace for carbon removal projects.

To support green projects, buyers can buy JCR tokens on the JustCarbon network.

1 JCR is equivalent to removing 1 tonne of carbon dioxide from the atmosphere of the Earth.

Although the organization acknowledges that many situations make carbon emissions unavoidable, they offer a mechanism for businesses to contribute to reducing their carbon footprint.

BEST FOR BUSINESS

Fireblocks

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We selected Fireblocks as it enables every business to easily and securely support digital assets and cryptocurrencies

Founded in 2018, International institutions can use Fire Blocks' blockchain-based security solutions.

They assist clients with running their treasury operations, decentralized finance, and digital assets.

Additionally, Fire Blocks has protected over 2,000 clients' $2T in cryptocurrency holdings.

BEST FOR WEB3 GAMES

Poko

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We picked Poko as the ideal choice for game studios and wallets all around the world. With its web and mobile SDKs in addition to a no-code checkout solution, Poko allows them to accept payments from their gamers, customers, and fans across 120+ countries via local payment methods with ease!

Poko was Founded in 2022; the platform aids companies in legally establishing decentralized autonomous organizations (DAO).

Poko makes it easier for anybody who wants to join an existing DAO or build their own DAO platform to navigate the complicated legal and technical process.

The Poko portal offers affordable access to a wide range of DAO-related services for small access fees of roughly $50.

BEST FOR BANKING

Finnt

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We chose Finnt as it makes financial management seamless and carefree for families with a powerful mobile app.

Founded in 2022, Finnt wants to make it simple to send money home and save money.

Users will be able to open savings accounts with a high rate of return using a decentralized network.

The stablecoins that will support these accounts will shield account holders from inflation.

Finnt may take over as the preferred money transfer app in many nations because of its cross-border savings accounts and payment options.

BEST FOR DATA MANAGEMENT

Fluree

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We ultimately selected Fluree for its ability to build safe and linked data ecosystems, which have been successfully implemented by startups, government agencies and large organizations alike.

Founded in 2016, Developers can easily create graphs and concept maps with Fluree's blockchain-powered semantic graph database.

The business has the semantic standards that set it apart from the competitors and assure complete data traceability.

Users can securely save their data and visualize it in novel ways with the help of their flagship product.

BEST FOR NFT

Sorare

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We chose Sorare because it offers a unique opportunity for fans to collect, play with, and win officially licensed digital cards featuring top players from across the world of football, basketball and baseball.

Sorare was founded in 2018, and the website offers soccer games powered by blockchain.

By accessing the platform's gaming options, users can play fantasy soccer.

Users can also purchase and sell limited edition digital cards on their marketplace.

Over 275 soccer clubs have received official cards from Sorare.

How Do These Startups Make Money?

How Do Blockchain Startups Make Money?
Decentralized application development

Many blockchain firms use well-known blockchain platforms like Ethereum, Solana, and others to build and market blockchain applications as a secondary source of revenue in addition to providing platform-specific cryptocurrency.

Smart contract creation platform

Due to their safety and immutability when compared to conventional contracts, blockchain-based smart contracts are becoming more and more popular. Most blockchain-based firms have employed blockchain developers for their clients' smart contracts.

Buying and selling of cryptocurrencies

Many blockchain platforms sell their users' proprietary cryptocurrency assets to make large profits.

As Bitcoin users have done in recent years, many users are looking to purchase cryptocurrencies as an investment opportunity to reap significant returns in the future.

Crypto speculation

With bitcoin investments becoming a more popular trend, many users are looking for a comprehensive platform to follow cryptocurrency values in order to make better investment choices.

Users can make predictions about specific cryptocurrencies on various platforms by examining historical data from trading and price charts.

These platforms use a variety of monetization strategies, such as paid subscriptions, advertisements, etc., to generate revenue.

You can choose the best sector for your company by being aware of the various top-performing industries in the blockchain market.

Blockchain-based consultation

Due to a lack of knowledge in the field of blockchain technology, many organizations require assistance for various reasons, including blockchain deployment, use cases, legality, blockchain app development, and other blockchain-related goals.

How to Start Your Blockchain Startup?

Step 1: Study and comprehend current blockchain market developments

The blockchain market that is important to your company should ideally be researched.

Knowing how to leverage blockchain technology for your firm will be more accessible by identifying market trends.

Additionally, be aware of blockchain technology's key use cases for your company, including NFTs, decentralized applications, and cryptocurrency transactions.

Step 2: Build a working prototype of your blockchain product

It's essential to validate your blockchain startup idea before moving forward with blockchain development, which can be done rapidly by building a prototype of your blockchain product.

The user interface (UI) blueprint for your blockchain platform will be included in the prototype, which is the ideal tool for determining whether you should move further with designing the UI.

Step 3: Select the blockchain features you desire

Businesses can benefit from various characteristics provided by the blockchain, including smart contracts, financial transactions, and immutability.

To save money for your blockchain firm, choose which blockchain functionalities are most crucial for your business.

Step 4: Choose the most effective blockchain platform for your startup

There are numerous choices, so choose the best one for your startup because every blockchain platform has benefits and drawbacks.

To find the best platform for your blockchain firm, you can, nevertheless, conduct in-depth research on each blockchain platform.

Step 5: Choose a competent blockchain development team

The finest blockchain development companies can make creating your blockchain startup easier by providing you with various services, such as backend programming, UX/UI designing, marketing, etc.

Examining their prior portfolio of completed blockchain projects allows you to decide which blockchain development companies are the best.

Step 6: Start blockchain development

Blockchain engineers will begin working on your blockchain projects after discussing the specifics of your project with them.

This includes choosing the blockchain features, APIs, servers, and other backend and frontend processes necessary to make your blockchain product fully functioning.

Step 7: Make an MVP for your blockchain product

A blockchain's minimum viable product (MVP) is limited to the essential features.

Making an MVP will enable you to market-test your actual blockchain product.

As a result, you can modify your blockchain startup according to customer feedback and reviews.

Step 8: Run tests on your blockchain product

Ensure your blockchain startup's product is lag-free and without flaws before launching it.

You can test your blockchain product several times and make the necessary adjustments each time.

Step 9: Introduce your blockchain product

You can introduce your blockchain product to the market after conducting extensive testing.

After launching your blockchain firm, you can engage in further activities like marketing, airdrops, and others to draw in new consumers.

Conclusion

Many more blockchain-based firms aim to employ Web3 technology to address various problems. Even though we have only examined a small portion of these firms, I hope you now have a better understanding of the prospects for the blockchain technology sector as we go into 2023.

Emmanuel O.

Content Writer & Business Analyst & Crypto Enthusiast

Visits: 363

I am passionate about blockchain technology, and the potential it holds for our world. I have been researching and writing about cryptocurrencies since 2016, so in this blog post I'll be sharing the most recent news from within the crypto industry.

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