The Blockchain Startups You Need To Hear About
Itâs safe to say that the blockchain industry is thriving at the moment. Whilst this is a good thing, it does make it very hard for us to pick out promising blockchain ideas that are calling out for our investment. Overall, the industry is a maze of startups, new ideas and growing innovations. Itâs exciting to be a part of, and itâs an industry that is going to be cooking for many, many years to come.
American Inno have recently published an article that highlights their 11 most exciting blockchain startups, across 11 different cities, we want to dive into this to pick out a few of our favourites.
Blockchain technology does not just mean cryptocurrency, therefore some of the mentioned projects are focusing on many other aspects of blockchain technology. Remember that this is opinion based and we are by no means telling you to invest in these projects, at the very least though, itâs exciting to explore.
According to American Inno:
âBlockchain startups have raised nearly $4 billion in VC in 2018 to date, a 280% increase from last yearâs record pull. And blockchain extends way beyond the crypto space, infiltrating a variety of industries from healthcare to media. To shine a spotlight on the blockchain innovation thatâs happening across the Inno network, we asked our writers to offer up a local startup in this space thatâs caught their eye.â
Factom is a project that already hosts a tonne of value, around $500 million worth to be exact. Factom has been backed by Tim Draper, which in turn is helping to draw a lot of attention to this project, according to American Inno:
âFactom, which has backing from Tim Draper, has landed contracts to protect data housed by the U.S. Border Patrol, the Department of Homeland Security and the Bill and Melinda Gates Foundation. Factomâs other co-founder, Jack Lu, also launched Wanchain, which has landed millions in Ethereum and provides cross-blockchain functions.â
What is Factom? Well, according to the Factom website:
âAt Factom, we make the worldâs systems honest and build trust between organizations,
people and institutions today, solve hard problems through the utilization of Factomâs Blockchain. We see a future world where fraud, corruption, and forgery are a thing of the past. We believe in keeping private data private and securing the worldâs wealth because privacy and possession of property are basic human rights. Life can be a little more fair with Factom.â
Coinigy is a brand new crypto portfolio management, according to American Inno:
âA cryptocurrency startup in Milwaukee called Coinigy gives crypto traders the tools they need to buy, sell and manage their portfolios. Users get access to data on more than 40 exchanges and the ability for users to trade on nearly 20 exchanges. Though the company was founded in 2014, it just launched its mobile app in May to let traders trade on the go, and now has upwards of 80,000 users, roughly half of which pay about $20 per month for the product. And the founders say revenue has grown 300 percent year-over-year, which is pretty impressive.â
And, according to the Coinigy website:
âCoinigy is the best way to access the global financial markets of the future. Businesses small and large rely on our data to power their decision-making. We are a group of dedicated developers, traders, analysts and evangelists that believe in the upcoming paradigm shift that cryptography and the blockchain are bringing to the global financial industry. We built Coinigy because we are passionate about open, transparent markets and aim to be a major driving force in widespread adoption. Our goal as a company is to empower 100,000 people through powerful tools and education.â
Youâve probably heard of these guys. The last of American Innoâs recommendations that we wish to touch upon is Block.one, the startup behind the EOS project. All things considered, itâs pretty clear why Block.one are quite a big deal and why we believe they are still one to watch.
According to American Inno:
âThe maker of the worldâs fifth most valuable cryptocurrency expanded its footprint in a major way this year. The blockchain company, which has offices around the world and was founded just a couple years ago, moved into its own 30,000-square-foot building in the Virginia Tech Corporate Research Center in October. Block.one created EOS, which raised $4 billion in an initial coin offering, and itâs backed by Peter Thiel â making it by far Central Virginiaâs biggest blockchain startup.â
Now, as stated, weâre not telling you that these are the projects to invest in, however we do believe it is worth your while looking into them and doing some further research. Each example is exploring a very unique area of blockchain technology, yet together, all these projects are working together to bring blockchain technology to the mainstream. They are doing great things for themselves, their investors and the entire blockchain adoption movement.