Top 5 Web3 Companies

Web3 is the next wave of Web innovation, powered by blockchain technology. The first generation of the internet was built around “read-only” technology, with information shared being static and one-way. Web 2.0 was the era of social media, during which user-generated content was introduced and widely popularized.

As we enter web 3.0, we will witness a new world of technology centered on individual ownership and the decentralized internet. We’ve seen a 300 percent increase in jobs at Web3 startups in the last year alone, across various roles in engineering, community management, product strategy, and more. If you want to be a part of creating the next generation, now is the time to switch to Web3.

List of Top 5 Web3 Companies

Since more and more companies are joining the Web3 revolution, we are going to create a list of the 5 biggest and most popular Web3 companies out there offering Web3 services to millions of cryptocurrency users as well as offering Web3 jobs to thousands of developers around the world.

1. Binance

BNB Chain, one of the world’s most popular blockchains, is dedicated to providing the core infrastructure needed for future public adoption, and will always be a community-first and open-source ecosystem built on a permissionless and decentralized environment.

Binance Chain and Binance Smart Chain have merged to form BNB Chain. BNB Chain is composed of two components: BNB Beacon Chain (previously Binance Chain) and BNB Smart Chain (previously Binance Smart Chain). In addition, BNB (previously known as “Binance Coin”) has been renamed “Build and Build.”

The name change is intended to improve the delivery of the core infrastructure needed for future public adoption and, more importantly, to create a better ecosystem for embracing the MetaFi. MetaFi is a concept that provides advanced and sophisticated DeFi Infra to a variety of projects such as metaverse, GameFi, SocialFi, Web3, and others.

2. Crypto.com

Cronos is the first blockchain network to support DeFi, NFTs, and the metaverse while also interoperating with the Ethereum and Cosmos ecosystems. It aims to massively scale the Web3 user community by enabling developers to instantly port apps and crypto assets from other chains at low cost, high throughput, and fast finality.

Cronos is powered by Ethermint, which enables quick porting of apps and smart contracts from Ethereum and EVM-compatible chains. Cronos’ native token, CRO, is the native token of its parallel blockchain, the Crypto.org Chain.

Cronos, which was built from the ground up with the IBC protocol, allows for interoperability and bridging to the Crypto.org Chain: a fully decentralized, open-source, and energy-efficient public chain with high speed and low fees. It also allows for decentralized interoperability with other IBC-capable chains (e.g., Cosmos Hub, Terra).

3. Chainlink Labs

Chainlink (LINK) is a cryptocurrency and technology platform that allows non-blockchain enterprises to connect to blockchain platforms in a secure manner. Chainlink is a piece of software that connects blockchain-based smart contracts to external data sources such as baseball scores or stock prices.

Chainlink’s LINK currency pays network operators and serves as collateral for the network’s smart contract agreements.

Chainlink is a decentralized oracle network and blockchain abstraction layer. Chainlink employs blockchain technology to secure computations on and off the blockchain, enabling what it refers to as hybrid smart contracts.

Chainlink allows businesses to connect to any of the major blockchain networks, including Ethereum, Solana, and Terra.
The Chainlink blockchain is hosted on the Ethereum platform, which operates on the proof of work protocol.

Chainlink is an open-source blockchain project, which means that anyone can view and contribute to its code.

4. Cosmos

The Blockchain Internet. Cosmos is a constantly growing ecosystem of interconnected apps and services designed for a decentralized future. Enter a new world of interconnected services. IBC, or the Inter-Blockchain Communication protocol, is used to connect Cosmos apps and services. This breakthrough enables the free exchange of assets and data across sovereign decentralized blockchains.

The Cosmos Hub is a blockchain that provides vital services to the Interchain and serves as the economic center of Cosmos. Set to run a next-generation decentralized exchange that will swap digital assets from across the Interchain for very low fees and instant transaction confirmation.

ATOM will soon be securing many chains in exchange for additional staking rewards, thanks to the upcoming Interchain Staking feature. The Hub’s primary mission is to connect chains by establishing IBC connections with compatible chains and running decentralized bridges with chains such as Ethereum and Bitcoin.

5. Polygon

Polygon (previously Matic Network) is a blockchain protocol and framework for creating and connecting Ethereum-compatible blockchain networks. Ethereum is the most popular blockchain development platform, but it has drawbacks.

Polygon is an Ethereum-compatible blockchain network building and connecting protocol and framework. With a single click, pre-configured blockchain networks can be deployed. A growing collection of modules for creating custom networks. Interoperability protocol for communicating with Ethereum and other blockchain networks.

Security as a service is modular and optional. Interoperability is enabled by adaptor modules for existing blockchain networks. Polygon is an attractive feature set that combines the best of Ethereum and sovereign blockchains. Designed by developers for developers.

Conclusion

Those leading top 5 Web3 crypto companies are the main factor why so many new projects emerging in the cryptocurrency spheres. The new crypto projects are using the technology of those top 5 Web3 companies in order to provide both DeFi and Web3 services to their users.

As the crypto trend emerges and more and more companies are being built in order to provide Web3 services, the above listed projects are gaining more and more trust and expanding their technology.

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of EGG Finance. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.