[ad_1]
Editor’s Note: Today, Crunchbase News is launching Crunchbase’s Web3 Tracker, a new site covering startups, investors and funding news about all aspects of Web3, cryptocurrencies and blockchain. Powered by Crunchbase’s comprehensive data, this site is constantly updated as the Internet continues to grow. We hope that this information and our analysis will serve as a resource for readers to follow and understand the Web3 landscape and all that it entails.
In the last year or so, there may not have been a bigger buzzword in technology than “Web3.”
While many think of crypto when they hear the word, the still somewhat vague term can mean a lot more. That’s why we’re launching Crunchbase’s Web3 Tracker today.
Look for less. Close more.
Grow your revenue with all-in-one solutions backed by the leader in private-company data.
Our hope is that the tracker will be a one-stop shop for what’s happening in the Web 3 world—from funding news to the latest startups building to the latest trends in crypto.
what does it mean
In general, the term Web3 refers to the next evolution of the Internet, primarily built on blockchain technology.
While Web 1.0 represented the early days of the Internet and its static, content-based nature, Web 2.0 was the evolution of a user-generated network that enabled greater usability, sharing, and interaction.
Web3 may be the most important step yet. It refers to the shift of the Internet to decentralized technologies and increased transparency and accessibility. This would ideally open up the internet to more innovative technologies and remove it from the big tech players that some think have too much control.
More money
There is a lot of debate around whether or not that can be true, but Web3 is less debatable and all of its features have caught the attention of the startup and investor communities.
According to Crunchbase numbers, VC-backed Web3 builders, crypto startups and blockchain developers raised more than $30 billion last year, compared to less than $5 billion in 2020, with such startups raising more than $14 billion this year. Capital market.
That funding has led to several startups in the Web3 ecosystem — such as blockchain technologies developer Block.one and digital asset trading desk Bitstox Trading Ltd — raising more than $1 billion alone.
Others such as FTX Exchange, Blockchain.com, OpenSea and others have reached the level of DecaCorn – private companies valued at more than $10 billion.
in the future
Investors say they believe there is much more opportunity in the space. New platforms and infrastructure are essential for building decentralized applications. After that, Web3’s next focus will be what people build on top of it — from games to finance to social media.
The Web3 ecosystem can be thought of as similar to that of Web 2.0, where Google and AWS powered and created the Twitters and Facebooks of the world.
No one can know for sure where Web3 will go and if it lives up to the promises people have made for it – but with over 1,000 VC-backed startups funded in the ecosystem this year alone, it should be exciting. Driving
We hope this tracker helps you on that journey.
We hope you find Crunchbase’s Web3 Tracker a valuable resource for tracking the world’s most valuable companies. If you have any questions or feedback on Web3 Tracker, or see missing or incorrect information, please contact me at cmetinko@crunchbase.com.
Stay up-to-date with the latest funding rounds, acquisitions and more at Crunchbase Daily.
[ad_2]
Source link
