Top 7 Web 3 Companies in 2022

The new generation of the World Wide Web (www) is called Web3, also known as Web 3.0. Concepts like decentralization are crucial in this generation of the web. Blockchain protocols and token-based economics (cryptocurrencies) are two other emerging technologies.

To truly grasp Web3, in any case, you need to figure out the earlier cycles of it: Web versions 1.0 and 2.0.

Web 1.0 was the era of websites that could only be read, looked sparse, and had limited interaction with users. Web 2.0, came in and became known for its read-and-write capabilities, it took place around the same time social media platforms like Facebook and MySpace emerged.

These businesses started by giving users access to content, but they also allowed people to make their own content (user-generated content). It was likewise the period when there was more connection between clients by means of those said social stages and gatherings. Sadly, the main disadvantage of this model was the monopoly that many of these platforms developed due to the high volume of traffic they received. 

This article will mention the biggest companies in emerging Web 3.0, and their main projects. 

Source: Business 2 Community

1. Helium

The Helium network is a peer-to-peer (P2P) blockchain network that aims to provide a secure and cost-effective method for connecting low-power Internet of Things (IoT) devices to the internet via a low-range, wide-area wireless technology known as LoRaWAN.

Helium, which was co-founded by Shawn Fanning, Sean Carey, and Amir Haleem, aims to prepare IoT wireless communication for the decentralized future. As a result, millions of wireless devices around the world will be able to connect to the internet for a low price. Helium, also known as "The People's Network," aims to help local businesses connect with a wider audience through wireless connections that are less expensive and more powerful.

Source: Coinbase

2. Coinbase

One of the largest cryptocurrency exchange platforms in the United States is Coinbase, a company with headquarters in the United States. Coinbase is a safe online platform for buying, storing, converting, and selling cryptocurrencies. A beta version of Coinbase's web 3.0 social marketplace for non-fungible tokens went live in April 2022.

Beta testers of the exchange are expected to be able to create Coinbase NFT profiles to buy or sell NFTs. The launch of web3 mobile DApp (decentralized applications) and Defi wallet (decentralized finance) via the Coinbase app was announced later in May 2022.

Source: Ahmedabad mirror

3. Binance

The Binance Exchange is the biggest cryptocurrency exchange that is based in Hong Kong that was established in 2017. It places a significant emphasis on trading altcoins. More than 600 cryptocurrencies and virtual tokens, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), and Binance Coin (BNB), are available for crypto-to-crypto trading on Binance.

The Binance exchange, which is primarily known for trading between two pairs of cryptocurrencies, has one of the lowest transaction fees among cryptocurrency exchanges. 

Binance has the capacity to process approximately 1.4 million orders per second and offers high processing due to its multi-tier and multi-clustered architecture, as well as it's high safety and security standards. More than 600 coins, including bitcoin, Litecoin, Ethereum, and its own native BNB tokens, are available for trading.

Source: Brave

4. Brave

Brave is a free and open-source web browser, based in the United States. One of the few web browsers to use the blockchain is the Brave browser, which is compliant with web 3.0. The goal of the business is to make web 3.0 available to everyone. The integration of the Brave browser with the Solana blockchain to enhance and broaden web 3 access was recently announced.

With lower transaction fees and quicker processing times than Ethereum networks, this partnership is anticipated to assist users in exploring web 3.0.

Source: TronWeekly

5. Ripple

Ripple is a digital payment network and protocol based on the blockchain that has its own cryptocurrency, XRP. The primary process of Ripple is a payment settlement asset exchange and remittance system that is comparable to the SWIFT system for international money and security transfers, which is utilized by financial intermediaries who deal in multiple currencies.

The cryptocurrency's token is pre-mined and trades under the symbol XRP. The company and network go by the name Ripple, and the cryptocurrency token is called XRP. As a temporary settlement layer denomination, XRP's function is to act as an intermediate mechanism of exchange between two currencies or networks. Chris Larsen and Jed McCaleb co-founded Ripple, which was first released in 2012.

Source: Forbes

6. Polygon Technology

Polygon Technology is a main decentralized Ethereum scaling platform designer situated in India, that spotlights on offering blockchain organizations to different associations by building easy-to-operate dApps with reduced fees. In an effort to promote widespread web3 adoption, Polygon launched a new network for web3 development in May 2022.

Source: WAN-IFRA

7. Web 3 Foundation

Web3 Foundation is a Swiss information and technology company that fosters cutting-edge applications for decentralized web software protocols in order to maintain the web3 ecosystem's decentralization and stability.

Through research and collaboration, funding, and advocacy, the company supports open-source projects and web 3.0 teams. Polkadot and Kusama, two examples of Web3 Foundation protocols, provide a secure and well-established environment for cross-chain composability.

Written by: Abderrahmane Loudiyi

Edited by: Nidhi Jha