[Year in Review 2021] 10 best blockchain startup stories to look back on

Startup Stories

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2021 was the International Year of the Blockbuster. blockchain And Web 3.0 Ecology.

The market value of the crypto world has passed $ 3 trillion For the first time, the value of assets locked in DeFi has passed $ 100 billionAnd hundreds of NFTs sell for millions of dollars, and more.

We have also seen Indian crypto exchanges grow a lot of funding and two startups – CoinDCX And CoinSwitch Kuber – He even moved to Unicorn, joining a billion-dollar club.

Indian builders, developers and entrepreneurs are now riding on blockchain, web 3.0 and crypto wave, creating new things for the future.

In your story, we have been telling you stories about the most promising and innovative people in space. The 10 startups we covered in 2021 are leading innovation here.

Polygon

A.D. In 2017, three software engineers decided to build a well-structured and easy-to-use platform. Ethereum Expansion and Infrastructure Construction – Ahead and a Solution for the Past.

Jenny Canani, Sandy Nibwal and Anurag Arjun. Recognized that Ethereum, a decentralized, open source blockchain with smart contract functionality, was handling expansion issues and high gas payments.

Solving Ethereum’s expansion challenges with their startups Polygon The founders’ scalable solutions are currently hosted with over 3,000+ applications, more than 1 billion total transactions, nearly 100 million unique user addresses and more than $ 5 billion in assets.

Here is the whole story.


CoinDCX

August 2021 CoinDCXAfter A, he moved to India for the first Crypto Unicorn $ 90 million A series of C funding rounds will be led by Facebook co-founder Eduardo Saverin B Capital Group.

IIT Bombay Alumni Neeraj Khandelwal And Gupta Summit. CoinDCX has launched a platform to bring different decentralized markets and cryptocurrencies into one platform. Focus on developing a product that allows retailers to trade cryptocurrencies faster with security and simplicity.

Now, one of India’s leading crypto exchanges with over four million active users, CoinDCX is looking to continue its vision to make cryptoto accessible in India and accelerate efforts to bring 50 million Indians to crypto.

Here is the whole story.


CoinSwitch Kuber

In 2021, CoinSwitch KuberAnnounced a $ 260 million Series C funding from Andreessen Horowitz (a16z), Coinbase Ventures and existing investors Paradigm, Ribbit Capital, Sequoia Capital India and Tiger Global.

In August 2021, CoinSwitch Kuber became the second Indian cryptocurrency to join Unicorn after CoinDCX.

CoinSwitch Kuber, launched in. 2017 as if Ashsh Singal (General Manager), Govind Sony (CT) and Vimal Sagar (COO)It has become one of India’s largest crypto platforms with over 11 million registered users.

The three friends first worked on Amazon, Microsoft and Zinga. But the desire to turn one of their hackathon attempts into a product puts them on the path to entrepreneurship. So, CoinSwitch Kuber was launched.

Here is the whole story.


Etherbit

Sisters Cruel And Davani VacariaBased on the Surah EtherbitImport safe and secure hardware crypto wallets from major international brands and make them accessible to Indian customers.

Notebook And Reliable There are two leading hardware portfolio brands on Etherbit. The beginning of goods merchandise merchandise merchandise merchandise merchandise merchandise merchandise merchants Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity Commodity

Harsh declined to comment on the sale of the ether, but said it was being pulled from major cities in India as well as level II and III cities. He said he bought some major names from the blockchain and crypto industry in India.

Here is the whole story.


Biology

It started with Anikate Jindal, Ahmed al-Balagi and Sachin Tomar In 2019, BiologyFacilitates the development of blockchain-based applications and UX using gas-saving meta transactions. The startup has multiple project integrations under the belt and has delivered millions of blockchain transactions.

Annette compares the gift of Biconomy to that of an Irish-American Fintech. Strips Payment Process Software and Application Programming Interfaces.

“Stripe simplifies the game for a fee. We also want to do the same for blockchain transactions, which includes not only payments but also management, smart contracts, etc. The vision is to enable users to use DApps without knowing that blockchain technology is being used in the background.

Here is the whole story.


GoSats

In 2021, brothers and sisters Mohammed Roshan And Rosni Aslam Began GoSats In the midst of the crypto bull run and the Indian masses, he set out to make easy-to-buy bitcoin online. They then began integrating various online marketplaces and services into the GoSats app.

“The GoSats app allows anyone to shop. Flipcart,Amazon, Swig, Bigbasket,MintraEtc., and get Bitcoin fractions or save for a prize, ‘says Roshan.

And after releasing GoSats to the public in May 2021, Roshan and Roshani said they had more than 17,000 users. Earlier in the day, GoSats raised a total of $ 1.25 million from Fulgur Ventures, SBX Capital, Ajeet Khurana, Sathvik Vishwanath, STACKS and Alphabit Fund.

Here is the whole story.


Covalent

Covalent It brings transparency and visibility to billions of data points on assets in blockchain networks.

The startup has worked with hundreds of Web 3.0 projects and made billions of rich blockchain transactions.thereum, Binance Smart Chain, Polygon, Polkadot, Elrond, near, More.

Although blockchain information is public, it is extremely difficult to retrieve it safely. “In order to answer simple user questions, developers need to download terabyte data and break down the numbers,” said co-founder and CEO Ganesh Swami.

That’s where Covalent comes in. The beginner’s solution allows developers to integrate the beginner’s integrated API into blockchain products and allow users to easily view historical transactions and account balances and more.

Here is the whole story.


Vault

In 2018, Darshan Batija And Sanju Kurian. Began VaultTreats cryptocurrency as a separate asset class and brings the core components of the bank to crypto users.

In addition to storing their cryptocurrencies, Vold users can borrow money based on their crypto assets without having to earn interest or spend money. You can also withdraw money by credit card.

Vald is now licensing various services in different countries. Although Indian consumers do not play a significant role in Vold customers, the Indian market is close to the heart of its founder.

Here is the whole story.


Oropocket

Oropocket Investing in digital assets such as D allows users to maximize their portfolio beyond traditional assetsGold and silver. In addition to these investments, it provides financial services to customers, which helps the assets to flow.

When a beginner buys it digitally, it holds the gold and silver allotted. Ownership and future transactions are all covered by Ethereum, Tezos and Polygon blockchains.

It has two other products: Open Defi And UniFarm.

OpenDefi is a decentralized DeFi product that combines real-world and man-made tokens, allowing Uniform users to access their crypto holdings by requesting up to 250 percent annual APY revenue.

Here is the whole story.


Bitbns

2017 Gaurav Dhahake kick off Bitbns In BengalruBut the RBI has faced a two-year challenge in the midst of a crypto ban. Believing that Crypto could not be stopped, Bitbns ran with a strong team.

Today, the exchange has 3.2 million users And about the monthly transaction amount $ 1.5 billion. Bitbns also has it 300+ crypto tokens Listed, which is greater than any Indian crypto exchange.

With the crypto variability, Bitbns launched one of the first. Bitcoin SIPs, Followed by one Ethereum SIP.

“Our goal was to build a platform to help users make money. If one platform achieves this, it will have the highest adherence. We know that Bitcoin SIP returns are higher than other traditional types of investment, and so we continue to do so,” he said.

Here is the whole story.

Edited by Saheli Sen Gupta

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