Follow Web3 news and funding trends with our daily updated dashboard on startups and investment in the Web3, crypto and blockchain sectors, based on Crunchbase’s comprehensive data.
Last updated: 10/06/2026
Eleven companies joined The Crunchbase Unicorn Board in April 2024 — a big jump up from the six companies that joined in April 2023 but still a fraction of the 40 added to the board in April 2022.
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The Web3 Tracker is a one-stop shop for following Web3 trends, news and data about venture funding and leading investors in the sector.
Web3 refers to the next evolution of the internet primarily built on blockchain technology. While the concept has been around for just under a decade and didn’t enter mainstream usage until a few years ago, the Web3 sector has attracted more than $100 billion in investment, Crunchbase data shows.
Web3: A brief history
Whereas Web 1.0 represents the early days of the internet and its static, heavy content-related nature, Web 2.0 was the maturation of that into a more user-generated network that brought about more utility, sharing and interactivity.
Web3 could be the most significant step yet. The term was coined by Ethereum co-founder Gavin Wood in 2014 and refers to moving the internet toward decentralized technologies with the promise of increased transparency and accessibility. Proponents say the shift toward Web3 will make the internet open to more innovative technologies and shift power away from large tech companies.
Web3 is an umbrella term used to describe a new iteration of the Internet that’s primarily built on blockchain technology.
While the Internet of today—or Web2—primarily focuses on user generated content, social networking and cloud computing, Web3’s core focus is on decentralization, transparency and accessibility. The technology ushering in this new era was created in response to the centralized nature of the Internet and the perception that a handful of large corporations control what is and isn’t allowed on the web. Web3 proponents say it puts the power back into the hands of users and creates a more open, transparent and accessible Internet ecosystem.
A few examples of Web3 companies in the U.S. include Alchemy, a developer platform that helps companies build reliable decentralized applications; Polygon, a platform for Ethereum scaling and infrastructure development; and Chainlink, a startup that’s focused on making it easier for traditional data sources, such as APIs, to connect with blockchain technology.
The top three Web3 startups by total funding are Block.one, with $4.1 billion raised; Bitstocks Trading Limited, with £1.5 billion ($1.8 billion) raised; and FTX Exchange, with $1.7 billion raised.
The top three startups in the Web3 ecosystem with the highest valuations are FTX Exchange, valued at $32 billion; Blockchain.com, valued at $14 billion; and OpenSea, valued at $13.3 billion.
While Web3 isn’t a technology, there have been innovations created based on what the concept represents: a decentralized internet. An NFT, or non-fungible token, is an example of one such innovation. NFTs allow individuals to claim ownership over digital art and other assets. For example, if you’re an artist, you can turn an art piece into an NFT and sell it on a marketplace like OpenSea. To purchase the NFT, an individual might pay you 5 Ether for ownership rights. Your newly acquired Ether coins could then increase (or decrease) in value based on demand and market conditions.
A cryptocurrency is a digital currency that’s tradeable and uses cryptography to secure transactions. To create more transparency, these transactions are primarily stored on the blockchain, making them completely traceable.
There are a wide variety of cryptocurrencies, each with its own use case. For example, Bitcoin is considered a store of value. Stellar Lumens (also known as XLM), the token created by the Stellar Development Foundation, was created to help individuals transfer money quickly. These cryptocurrencies, and many like them, can be used for things like investing and making purchases.
Note: please do your research before investing in any cryptocurrency or digital asset.
No. Web3 is the name used to describe the innovations that blockchain technology has given rise to. Cryptocurrency is the digital currency used within the blockchain ecosystem.
To understand how Web3 works, first you need to know the basics of blockchain technology. The blockchain is a distributed database, or ledger, that’s not owned by any one entity (decentralization). It stores information, such as cryptocurrency transactions, in a digital format that can’t be edited or deleted (transparency). This information is stored in a “block” that connects to other blocks when it reaches storage capacity limits, creating a chain. Hence the name blockchain.
With the transparent and decentralized nature of the blockchain, developers are now building a new wave of innovative applications that leverage this technology; what is now known as Web3.
Yes. Our Web3 Tracker is a public resource. We do ask that you please cite Crunchbase as the data source and include a link to the Web3 Tracker when possible. For additional press inquiries, email press@crunchbase.com.
Please reach out to support@crunchbase.com if your company’s data needs to be updated or if something is missing.
All of our Web3 news and trends coverage is here.
SignSplit
$1B
New York, United States, North America
Number of Acquisitions 0
Total Funding Amount $400M
Kraken
$21B
Kraken is a digital asset exchange and related services provider that enables users to buy, sell, trade, stake, and store cryptocurrencies. It offers spot trading, futures, margin trading indexes, over-the-counter (OTC) execution, and a multi-chain wallet. Kraken supports a large number of cryptocurrencies and fiat currency pairs, and it provides tools for both retail users and institutional clients. It also offers advanced order types, real-time market data, account management services, and resources for learning about blockchain and digital assets.
Cheyenne, United States, North America
Number of Acquisitions 21
Total Funding Amount $2B
TRM Labs
$2B
TRM Labs is a blockchain intelligence company that helps financial institutions, crypto businesses, and government agencies detect and investigate crypto-related financial crime and fraud. Our products are trusted by leading companies including PayPal, Visa, FTX, Uniswap, Anchorage, and federal agencies such as the FBI and IRS. Every day, we tackle challenges in data engineering, data science, and threat intelligence to advance our mission to build a safer financial system for billions of people. To accomplish our mission, we have raised over $79M from JPMorgan Chase, Visa, Citi, PayPal, Block, Tiger Global, and Bessemer. Our team is made up of world class experts from the FBI, U.S. Secret Service, US Treasury Department, McKinsey, Coinbase, and top-tier tech companies. TRM is a remote-first workplace, with hubs in San Francisco, Washington, DC, and London.
San Francisco, United States, North America
Number of Acquisitions 2
Total Funding Amount $220M
Crypto.com
$20B
Founded in 2016, Crypto.com is trusted by millions of users worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet™. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation and development of new use cases including prediction markets and tokenized RWAs.
Singapore, Singapore, Asia
Number of Acquisitions 11
Total Funding Amount $400M
OG
$5B
OG operates a derivatives-based prediction market platform that enables users to trade event contracts on sports, crypto, politics, economics, culture, and other topics. The platform provides real-time odds and pricing for outcomes such as game results, financial benchmarks, economic indicators, and cultural events. Users can access markets spanning professional and college sports leagues, global football competitions, climate questions, and company-related events. OG supports trading through an app and web interface, displaying potential returns and probabilities on each side of a contract. It is described as a CFTC-regulated prediction markets app powered by Crypto.com. The service targets individuals interested in speculating on or hedging against real-world events using structured derivatives products.
Chicago, United States, North America
Number of Acquisitions 0
Total Funding Amount $0
Ripple
$40B
Ripple provides one frictionless experience to send money globally using the power of blockchain. It offers a global real-time payment system that enables banks and financial institutions around the world to directly transact with each other without the need for a central correspondent. The company also offers FX Market Making, a solution enabling enterprises to gain access to cross-currency liquidity through a distributed network that allows foreign exchange to be externally sourced from a competitive FX marketplace or an internal FX trading desk. This minimizes FX exposure thereby lowering the volatility and counter-party risk of trades. Ripple Insights features industry updates, insider perspectives, and in-depth market analysis.
San Francisco, United States, North America
Number of Acquisitions 8
Total Funding Amount $794M
OKX
$25B
OKX is a global digital-asset platform that provides cryptocurrency trading and investment services, including spot and derivatives markets, staking and other earning products, peer-to-peer trading, and Web3 tools such as a self-custody wallet and access to decentralized applications.
Mahé, Seychelles, Africa
Number of Acquisitions 0
Total Funding Amount $210M
Kraken
$21B
Kraken is a digital asset exchange and related services provider that enables users to buy, sell, trade, stake, and store cryptocurrencies. It offers spot trading, futures, margin trading indexes, over-the-counter (OTC) execution, and a multi-chain wallet. Kraken supports a large number of cryptocurrencies and fiat currency pairs, and it provides tools for both retail users and institutional clients. It also offers advanced order types, real-time market data, account management services, and resources for learning about blockchain and digital assets.
Cheyenne, United States, North America
Number of Acquisitions 21
Total Funding Amount $2B
Crypto.com
$20B
Founded in 2016, Crypto.com is trusted by millions of users worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet™. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation and development of new use cases including prediction markets and tokenized RWAs.
Singapore, Singapore, Asia
Number of Acquisitions 11
Total Funding Amount $400M
Polymarket
$15B
Polymarket enables participants to buy and sell shares that represent the probability of specific outcomes, with prices ranging between zero and one dollar to reflect market expectations. Trades occur in a peer-to-peer order book where users transact directly with one another rather than with a central counterparty. Polymarket uses USDC.e as collateral and represents positions as conditional tokens that are settled through smart contracts on the Polygon blockchain. Event outcomes are resolved through a decentralized oracle process that verifies results before distributing payouts to holders of winning shares. The platform uses a non-custodial model where participants maintain control of their assets through personal wallets while all transactions and positions remain publicly verifiable onchain.
New York, United States, North America
Number of Acquisitions 4
Total Funding Amount $2B
Spiko
$800M
Spiko provides a digital financing platform that enables users to earn daily interest on their cash at the risk-free rate. It offers flexible accounts where users can deposit and withdraw funds without fees or penalties. The platform aims to provide straightforward cash management solutions for entrepreneurs, CFOs, and individuals, with funds secured by Treasury Bills and held by a banking partner.
Paris, France, Europe
Number of Acquisitions 0
Total Funding Amount $116M
Xverse
$47M
Xverse develops a user-friendly Bitcoin wallet. It is available for Chrome on desktop and for iOS and Android.
Hong Kong, Hong Kong, Asia
Number of Acquisitions 0
Total Funding Amount $5M
SignSplit
$1B
New York, United States, North America
Number of Acquisitions 0
Total Funding Amount $400M
Sanctum SecOps
$8M
Sanctum SecOps LLC is a post-quantum cybersecurity company building cryptographic, PKI, identity, policy, and verifiable trust infrastructure for enterprises, federal contractors, and regulated industries. Founded in 2026 by inventor and architect Brian Vicente, the company operates at the intersection of post-quantum cryptography (PQC), public key infrastructure (PKI), blockchain-anchored trust, and Zero Trust architecture — delivering both productized platforms and managed security services under a single sovereign infrastructure estate. Sanctum SecOps operates its own cloud PKI and SSL/TLS certificate authority, issuing certificates through the Cygnus Cloud PKI/PKE Foundry — a multi-tenant issuance platform featuring drift-gated certificate rotation, per-transaction semantic consistency verification, and topology-aware post-quantum certificate lifecycle management. The Cygnus platform supports hybrid and composite cryptographic profiles defined through QuantaScript (.cgs), a proprietary domain-specific language for issuance policy authoring. The company's cryptographic stack is built on CygnetLib, a proprietary cryptographic library and TLS provider developed as a direct alternative to OpenSSL, with ACVT/ACVTS validation testing underway for NIST PQC algorithm suites. The company's product portfolio includes: • Cygnus PKI/PKE Foundry — Cloud-hosted multi-tenant PKI with post-quantum certificate issuance, CRL/OCSP, and drift-gated rotation • CygnetSSL / CygnetLib — Proprietary cryptographic library and TLS provider with FIPS-aligned algorithm coverage and post-quantum support • Convergence — Trust lifecycle orchestration and policy enforcement engine • Sanctum Orchestrate — Workflow automation for certificate operations, key management, and identity events • Sanctum Standards — Compliance evidence packaging and standards alignment tooling for CMMC 2.0, CNSA 2.0, NIST SP 800-171, and Zero Trust mandates • Sanctum Endpoint / Sanctum Edge — Device-level cryptographic policy and network trust enforcement • SanctumChain — An open-source blockchain trust and timestamping fabric with YubiKey-backed hardware transaction verification, API-driven secure transaction services, and planned smart contract monetization for PKI-anchored blockchain workflows • PQC Readiness Assessment & Audit Evidence — Consulting service package for organizations migrating from classical to post-quantum cryptographic posture, with structured evidence deliverables for auditors and compliance programs Sanctum SecOps has an active intellectual property estate including two filed U.S. patent applications: Application No. 19/698,870, titled "System and Method for Post-Quantum Cryptographic Readiness Observability and Feedback in Networked Environments," and Application No. 64/080,137, titled "Multi-Tenant Public Key Infrastructure with Drift-Gated Issuance, Per-Transaction Semantic Consistency Verification, and Topology-Aware Post-Quantum Certificate Rotation." The company has also submitted an IETF Internet-Draft under the LAMPS working group (draft-vicente-lamps-pqchc), contributing to the development of post-quantum hybrid certificate specifications, with IPR disclosure on record at the IETF. The company's managed security services include virtual CISO (vCISO) engagements, CMMC 2.0 readiness and gap assessments, incident response planning, and cryptographic audit evidence generation for federal contractor supply chains. The company's web estate spans nine registered domains including sanctumsecops.com, cygnetssl.com, and sso-labs.com, all served from a sovereign self-hosted infrastructure environment. Sanctum SecOps targets enterprises requiring post-quantum migration planning, federal contractors within CMMC and CNSA 2.0 scope, healthcare and financial institutions with certificate lifecycle compliance requirements, and Web3 or blockchain-adjacent organizations requiring hardware-backed cryptographic trust anchors. The company integrates GitHub for source control and CI/CD, Supabase and Neon for database and backend services, and Cloudflare for DNS and edge security across its infrastructure stack.
Pine City, United States, North America
Number of Acquisitions 0
Total Funding Amount $0
Copy Geek is a trading SaaS provider built for crypto enthusiasts. We give serious traders a full toolkit: live PnL analytics, market alerts, a funded trading scholarship, and following that lets them monetise their skills amongst friends, family or private groups. We are non-custodial, so we will never ask you to send us funds.
Number of Acquisitions 0
Total Funding Amount $0
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