Web3 Market Leaders & Emerging Players
Identify current leading and emerging companies involved in the Web3 space and any prevalent trends. All the companies featured in the report are focused on expanding and monetizing the web3 space. The companies are either market leaders or emerging companies. Additionally, while many of the companies are focused on trading digital assets, it’s not a ‘requirement’ and many are focused on unique services such as blockchain management, cybersecurity, minting, etc. The top 3 companies are Binance, Coinbase, and Sorare.
Binance is one of the world’s leading cryptocurrency exchanges. Binance enables cryptocurrency trading for users at much lower fees than competitors. In addition to cryptocurrency, Binance has also recently launched Binance NFT which is a markeplace for NFTs.
Coinbase Global, Inc., branded Coinbase, is an American company that operates a cryptocurrency exchange platform. Coinbase is one of the world’s leading exchanges for cryptocurrency investment and trade and also offers its own native wallet, Coinbase Wallet. Coinbase has also started its own NFT product line called Coinbase NFT. Coinbase NFT is a marketplace intended to make minting, creating, buying, trading, and discovering NFTs more accessible.
Sorare operates an Ethereum underlying blockchain network that enables users to secure the ownership and distribution of football (and other sport) cards. The supply of cards is limited and cards cannot be altered, duplicated, or deleted.