The Cryptonite 300 competition — Private innovation companies worth the bet

Somewhere between the raw startups and the Unicorns are the blockchain, AI, and metaverse companies pioneering Web3 and offering the best equity investment ROI potential in the global Silicon Valley.

In collaboration with our global network of Wizards, Cryptonite produces an annual top 300 private innovation company competition, a daily Altcoin Top 50 index, and tracks the top risk investment firms and partners funding the Web3 boom. The winners will be honored every July at a live broadcast event on the Stanford University campus.
The Core Cryptonite team produced the AlwaysOn top 250 private company list from 2003 to 2015. Out of the the1,483 unique companies that made the AO 250 list, 572 companies were successfully acquired, and 192 companies went public, representing a 52 percent exit rate to date.

‘Decentralized applications have the potential to realize the original vision for the Internet, which was to build a truly distributed network that no one controls.’

Tim Berners-Lee, English scientist and the World Wide Web creator

U.S. citizens overwhelmingly mistrust all forms of centralized power save the military, small businesses, and the police., a huge pain point across several gigantic markets representing trillions of dollars in new entrepreneurial opportunities
  • 27 million people, 8.3 percent of America’s total population, currently own cryptocurrency.
  • Over 15,000 businesses worldwide accept Bitcoin, with 2,300 of those businesses operating in the U.S.
  • There are 36,659 Bitcoin ATMs available in the U.S. as of April 2022.
  • As of 2020, 28 percent of American small businesses accept cryptocurrency as payment.
  • As of May 2022, there were roughly 260,000 Bitcoin transactions per day in the U.S. and over $1 million spent on goods and services with Bitcoin in the U.S.
  • 40 percent of customers who pay with Bitcoin are new customers who spend twice as much money as credit card users.

‘You never want to be the one who invests in the early development of a new industry. But, once enough people have caught on to the idea, and you can see a real, rapidly growing customer base forming — that’s the time to jump in.’

— Don Valentine (God rest his soul), founder of Sequoia Capital, a seed investor in Apple and Cisco.

Introducing the Cryptonite 300

Cryptonite tracks private companies in the blockchain, artificial intelligence, and metaverse industries. To kick off the 2023 Top Private company competition, our team has compiled the following list of companies in the blockchain sector. In two forthcoming posts, we will present our initial take on artificial intelligence and metaverse industry company maps.

Public Blockchains

Algorand

Token: ALGO Founded 2017 United States.

Aptos Labs

Founded: 2021 Palo Alto, CA United States

Avalanche

Token: AVAX Founded: 2020 United States

BNB Chain

Token: BNC Founded: 2017

CARDANO (Siva)

Token: ADA Founded: 2016 Switzerland

Corda (R3)

Token: ADA Founded: 2014 United States

Elrond

Founded: 2017 Malta

Ethereum Foundation

Token: ETH Founded: 2014 Switzerland

NEO

Token: NEO Founded: 2014 China

Oneiro

Founded: 2017 United States

Polkadot

Token: DOT Founded: 2016 United States

Polygon

Unicorn + Token: MATIC Founded: 2010 United States

Ripple

Unicorn + Token: XRP Founded: 2012 United States

RSK Labs

Founded: 2015 United Kingdom

Solana

Token: SOL Founded: 2017 United States

Terra

Token: LUNA Founded: 2018 Singapore

Tezos

Token: XTZ Founded: 2018 Luxembourg

XinFin

Founded: 2017 Singapore

Capital Markets Platforms

Axoni

Founded: 2015 United States

Securitize

Founded: 2017 United States

Centralized Treasury Providers

Abra

Founded: 2014 United States

AlphaWallet

Founded: 2017 Australia

MathWallet

Founded: 2017 Singapore

MetaMask (Consensys)

Founded: 2016 United States

MyEtherWallet | MEW

Founded: 2015 United States

Vauld

Founded: 2018 Singapore

YIELD App

Founded: 2020 British Virgin Islands

Cross Chains

Across

Founded: South Korea 2011

O3Swap

Token: Q3 Founded: 2017 Greece

pNetwork

Token: PNT Founded: 2013 Switzerland

Swim Protocol

Founded: United States

Synapse

Token: SYN Founded: 2012 Russia

Custody & Wallet Services

Anchorage

Unicorn + Token: ANKR + Founded: 2017 United States

BitGo

Unicorn + Founded: 2013 United States

Bitpanda

Unicorn + Token: BEST Founded: 2014 United Kingdom

Blockchain.com

Unicorn + Founded: 2011 United Kingdom

Cobo

Founded: 2017 Spain

Coinbase

Public Company + Founded: 2012 United States

Copper.co

Founded: 2018 Switzerland

Fireblocks

Unicorn + Founded: 2018 United States

Ledger

Unicorn + Founded: 2014 France

Matrixport

Unicorn + Founded: 2019 Singapore

Melonport

Token: MLN Founded: 2016 London England

Orion Protocol

Token: MLN Founded: 2018 Russia

Qredo

Founded: 2011 United Kingdom

Tangany

Founded: 2018 Germany

Data Analytics Platforms

Amberdata.io

Founded: 2017 United States

CryptoQuant

Founded: 2018 South Korea

Dune

Unicorn + Founded: 2018 Norway

Gitcoin

Token: GTC Founded: 2017 United States

Messari

Founded: 2018 United States

Nansen

Founded: 2020 Singapore

Decentralized Insurance Services

InsurAce Protocol

Founded: 2020 Singapore

Nexus Mutual

Founded: 2017 United Kingdom

Shield Finance

Founded: 2021

Unslashed Finance

Founded: 2021 United Kingdom

Decentralized Lending

Aave

Token: ABC Founded: 2017 Cayman Islands

Alkemi

Founded: 2018 Canada

Anchor Protocol

Token: ANC Founded: 2020 United States

Centrifuge

Founded: 2017 United States

Compound

Token: COMP Founded: 2017 United States

Goldfinch

Founded: 2020 United States

Liquity

Token: LQTY Founded: 2020 United States

MapleFinance

Token: MPL Founded: 2020 Australia

Oro Pocket (OpenDeFi)

Founded: 2017, New Delhi, India

Solidus Labs

Founded: 2017 United States

Decentralized Storage

0Chain

Token: ZCN Founded: 2017, United States

Arweave

Token: AR Founded: 2017 United Kingdom

Filecoin

Token: FIL Founded: 2014 United States

SIA

Token: SC Founded: 2013 Boston, MA, United States

Storj

Token: Storj Founded: 2014 Atlanta, GA, United States

Decentralized Yield Generating Services

Byte Trading

Founded: 2021 United Kingdom

Credix

Founded: 2009 Costa Rica

Zapper

Unicorn + Founded: 2020 Finland

DeFi Ecosystem Data

Kaiko

Founded: 2014 France

Razor Network

Founded: 2019 Singapore

Digital Crypto Exchanges (DEXs)

1Inch

Founded: 2019 British Virgin Islands

Balancer Labs

Token: BAL Founded: 2019 United States

Bancor

Founded: 2016 Switzerland

Bitso

Unicorn + Founded: 2014 Mexico

Curve

Token: CRV Founded: 2015 United Kingdom

DODO Exchange

Token: DODO Founded: 2020 China

PancakeSwap

Token: CAKE Founded: 2020

Serum

Token: SRM Founded: 2020 Singapore

Uniswap

Token: UNI Founded: 2018 United States

Index Services

dHEDGE DAO

Token: DHT Founded: 2020 United States

Index Coop

Token: INDEX Founded: 2020 United States

TokenSets

Founded: 2017 United States

Infrastructure & Development

Alchemy Shares and Brokerage Firm

Founded: 2017 Taiwan

Ava Labs

Founded: 2018 United States

ConsenSys

Unicorn + Founded: 2014 United States

Digital Asset

Founded: 2014 United States

Optimism

Founded: 2019 New York, NY, United States

Prime Trust

Founded: 2016 United States

Institutional Crypto Services

Amber Group

Unicorn + Founded: 2015 Singapore

FalconX

Unicorn + Founded: 2018 United States

NYDIG

Unicorn + Founded: 2017 United States

SEBA Bank

Founded: 2018 Switzerland

Institutional Staking Providers

Allnodes

Founded: 2017 United States

Blockdaemon

Unicorn + Founded: 2017 United States

Figment

Unicorn + Founded: 2018 United States

InfStones

Founded: 2018 United States

StrongBlock

Founded: 2018 United States

Know Your Customer/Transaction (KYC/KYT)

BlockPass

Token: PASS Founded: 2017 Hong Kong

Chainalysis

Unicorn + Founded: 2014 United States

Civic

Token: CVC Founded: 2015 United States

Coinfirm

Founded: 2016 United Kingdom

Elliptic

Founded: 2013 United Kingdom

KYC Chain

Founded: 2013 Hong Kong

Merkle Science

Founded: 2018 United States

Solend

Token: SLND Founded: Finland

Sumsub

Founded: 2015 United Kingdom

Liquidity Providers

Ankr

Token: ANKR Founded: 2009 United States

Lido

Founded: 2020 Cayman Islands

Rocket Pool

Founded: 2017 Australia

Stader Labs

Founded: 2021 Singapore

StarkWare

Founded: 2018 Israel

NFTs & Gaming

Dapper Labs

Founded: 2018 Canada

Forte

Unicorn + Founded: 2018 United States

LooksRare

Token: LOOKS Founded: New York, United States

Mythical Games

Unicorn + Founded: 2018 United States

OpenSea

Unicorn + Founded: 2018 United States

Sky Mavis

Unicorn + Founded: 2019 Singapore

Sorare

Unicorn + Founded: 2018 France

Payments

Celo

Token: CGLD Founded: 2017 United States

Elly (GoCrypto)

Founded: 2017 Slovenia

Flexa

Founded: 2018 United States

Lightning Network

Founded: 2018 United States

MoonPay

Unicorn + Founded: 2018 United States

Superfluid

Founded: 2020 United Kingdom

Wirex

Founded: 2014 Ireland

RegTech & Security

CertiK

Unicorn + Founded: 2017 United States

TaxBit

Unicorn + Founded: 2018 United States

Centralized Crypto Exchanges

Binance Chain

Public Company + Token: BNC

Coinbase

Public Company + Founded: 2012 United States

KuCoin

Founded: 2017 Hong Kong.

Gemini

Unicorn + Founded: 2015 Spain

Kraken

Founded: 2011 United States

StableCoins

Circle

Unicorn + Founded: 2013 United States

DefiDollar

Founded: 2020 India

dForce

Founded: 2019 China

MakerDAO

Token: DAI Founded: 2014 United States

Paxos

Unicorn + Founded: 2012 United States

Tether

Token: USDT Founded: 2014 Hong Kong

Yield Aggregators

Badger

Founded: 2020 United States

Groprotocol

Founded: 2020 United Kingdom

Hedgehog

Founded: 2018 United States

Idle

Founded: 2019 United States

Yearn.Finance

Founded: 2020

Other Blockchain

Unstoppable Domains

Founded: 2018 United States

Most Active Blockchain Risk Investors

Over 2,000 unique professional venture capital and risk investor funds bet on our initial nomination list in the 151 blockchain companies listed above. The list below represents the top 33 venture capital firms and other risk investors ranked by the total number of companies by each investor. This list only includes investors in seven companies or more

Andreessen Horowitz — 33

Coinbase Ventures — 32

Pantera Capital — 22

Blockchain Capital — 21

Tiger Global — 21

Paradigm — 20

Digital Currency Group — 16

Parafi Capital — 15

Coatue Management — 14

Fenbushi Capital — 13

Three Arrows Capital — 13 (filed for bankruptcy in 2022)

Alameda Research — 12 (filed for bankruptcy in 2022)

Galaxy Digital — 12

Draper Associates — 11

Dragonfly Capital Partners — 11

Defiance Capital — 11

Binance — 10

Hashkey Capital — 10

FTX Ventures — 10

Multicoin Capital — 10

Sequoia Capital — 9

Polychain Capital — 9

Accel — 8

CMT Digital Ventures — 8

10t Fund — 8

Lightspeed Venture Partners — 8

9yards Capital — 8

Hashed — 8

Hard Yaka — 9

Blockchain Ventures — 7

HOF Capital — 7

Sound Ventures — 7

Consensys — 7

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Copyright © 2022 Cryptonite Ventures Corporation

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Silicon Valley OG. Founder and Editor of Cryptonite. Previously Founder of Red Herring, AlwaysOn, Churchill Club, SVB Tech Group

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Anthony Perkins

Silicon Valley OG. Founder and Editor of Cryptonite. Previously Founder of Red Herring, AlwaysOn, Churchill Club, SVB Tech Group