Index Cooperative Named to the 2022 CB Insights Blockchain 50 — Checklist of Most Progressive Blockchain Startups
CB Insights in the present day named Index Cooperative to its second annual Blockchain 50, which showcases the 50 most promising blockchain and crypto firms on this planet.
The 2022 Blockchain 50 cohort has raised $17.1B in combination funding throughout over 200 offers since 2016 and contains startups at totally different funding levels of growth, from early-stage firms to well-funded unicorns.
“2021 was the 12 months blockchain entered our mainstream vocabulary,”
stated Brian Lee, SVP of CB Insights’ Intelligence Unit.
“It powers a few of our most modern and cutting-edge applied sciences. Final 12 months, we noticed unimaginable success from the Blockchain 50 winners. This 12 months, included among the many winners we have now 31 unicorns, 41 mega-rounds, and illustration from 15 nations. We’re excited to observe their journeys and see their success in 2022.”
“We’re delighted to be acknowledged by CB Insights,”
stated Mike Taormina, Head of Institutional Enterprise at Index Cooperative.
“This can be a testomony to the modern decentralized merchandise that blockchain know-how allows.”
Via an evidence-based method, the CB Insights analysis workforce chosen the Blockchain 50 from a pool of over 3,000 firms, together with candidates and nominees. They have been chosen primarily based on a number of elements, together with information submitted by the businesses, firm enterprise fashions and momentum available in the market, and Mosaic scores, CB Insights’ proprietary algorithm that measures the general well being and development potential of personal firms.
The Index Cooperative powers decentralized merchandise that assist customers entry cost-effective, passive publicity to key crypto themes like decentralized finance, the Metaverse, and information/blockchain infrastructure. The Cooperative’s flagship product, the DeFi Pulse Index ($DPI), is a basket of DeFi governance tokens for protocols similar to , Aave, Compound, SushiSwap, and Yearn. Customers can self-custody the product and mint/redeem tokens in change for the underlying elements.
Since its founding in late 2020, the Index Cooperative has made appreciable progress:
- Product Suite: Index Cooperative partnered with third-parties similar to Scalara (previously DeFi Pulse), MetaPortal, Bankless, and Titans of Information, which designed the methodology for the DeFi Pulse Index ($DPI), the Metaverse index ($MVI), the Bankless DeFi Innovation Index ($GMI), and the Information Financial system Index ($DATA), respectively.
- Expertise: The product suite is deployed on each Mainnet and the Polygon ecosystem and is powered by Set Protocol’s infrastructure.
- Class management: The Whole Worth Locked held in Index Cooperative merchandise represents over 85% of the mixture on-chain index market. As well as, the variety of distinctive wallets holding Index Cooperative merchandise has grown 176% over the past twelve months.
- Strategic buyers: Index Coop’s $10mm Treasury diversification throughout Summer time 2021 included strategic buyers Sequoia, 1kx, Galaxy Digital, Wintermute, 1confirmation, Defiance Capital, LD Capital, White Star Capital, Meeting Capital, and Laconia Capital.
- Custodial Asset Assist: Choose Index Cooperative merchandise are supported by international custodians Coinbase (NASDAQ:) Custody, BitGo, Fireblocks, and Komainu, providing high-net-worth people and establishments the next diploma of safety for digital storage.
- Market Maker Relationships: In September, Index Cooperative partnered with Wintermute, one of many largest market-making companies globally, to offer institutional-grade liquidity for the Index Cooperative product suite.
- Alternate Listings: Index Cooperative’s merchandise can be found throughout many decentralized exchanges similar to Uniswap and Sushiswap, in addition to aggregators similar to Matcha and 1inch. The DeFi Pulse Index ($DPI) can be listed on the centralized change KuCoin.
- Group: The Index Cooperative workforce grew its decentralized group of contributors from throughout the globe.
2022 Blockchain 50 Funding Highlights:
- Unicorns: 31 of the 50 firms (62%) are valued at or above $1B as of their newest funding spherical.
- Funding developments: These 50 firms raised $13.2B in fairness funding in 2021 throughout 83 offers (excluding token gross sales).
- Mega-rounds: In 2021, there have been 41 mega-round ($100M+) fairness investments to this 12 months’s Blockchain 50, practically half of the entire deal depend.
- International illustration: This 12 months’s winners are primarily based in 15 nations, with 44% of the businesses primarily based exterior of the US. After the US (28 firms), the UK is residence to the second most Blockchain 50 firms (5), adopted by Canada, France, Singapore, and Switzerland (all at 2).
- High investor: Coinbase Ventures is probably the most lively investor on this 12 months’s Blockchain 50, having invested in 16 of the 50 firms. Andreessen Horowitz is second with 14 firms, adopted by Paradigm at 13.
EMAIL NEWSLETTER
Be part of to get the flipside of crypto
Improve your inbox and get our DailyCoin editors’ picks 1x per week delivered straight to your inbox.
[contact-form-7]
You possibly can at all times unsubscribe with simply 1 click on.
Proceed studying on DailyCoin
Fusion Media or anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or harm on account of reliance on the knowledge together with information, quotes, charts and purchase/promote alerts contained inside this web site. Please be totally knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is likely one of the riskiest funding types potential.