A list of startups in Seattle building crypto, blockchain, and Web3 technologies

Crypto. Blockchain. Web3. These are a number of the hottest traits in tech.

Many longtime techies and entrepreneurs are jumping in, betting on what may very well be the following frontier of computing. Others are extra cautious, notably given the volatility of digital currencies and nascent applied sciences.

The Seattle area is dwelling to a number of budding startups creating a bevy of services associated to crypto (digital foreign money), blockchain (distributed ledger-based expertise), and Web3 (blockchain-based web). Scroll right down to learn extra about them.

Some say Seattle — given its clout as a tech hub and cloud computing mecca — ought to play a much bigger position on this burgeoning new world, particularly in comparison with cities similar to Miami the place lawmakers are attempting to make simpler for crypto and blockchain startups to succeed.

“Seattle entrepreneurs begin considerably deprived to these working in different jurisdictions,” mentioned Jesse Proudman, a veteran Seattle entrepreneur and CEO of Makara, which not too long ago announced its acquisition to Betterment.

There may be some regulatory progress. Final 12 months Washington state launched a brand new Center for FinTech Information to collect licensing pointers and laws in a single place.

Simon Yu, co-founder and CEO at Seattle crypto startup StormX, pointed to a scarcity of investor curiosity. He mentioned native enterprise capitalists are inclined to choose software program corporations and keep away from high-risk bets.

“I’ve seen many good founders leaving this metropolis as a result of they couldn’t get the funding they wanted,” Yu mentioned. 

Crypto, essentially the most seen instance of blockchain tech, stays a wild west, highlighted once more over the previous few weeks as costs of Bitcoin and different digital currencies have fallen. However trade watchers are hopeful.

“That is only the start,” mentioned Arry Yu, chair of the Washington Expertise Trade Affiliation’s Cascadia Blockchain Council. “There’s a lot alternative to reimagine a decentralized, accessible, and empowering future for all those who’s constructed with a global-first mindset and digitally-native expertise,”

Learn on to study startups based mostly within the Seattle space constructing crypto, blockchain, and Web3-related applied sciences.

ArcBlock

Based: 2017

What they do: Blockchain system for constructing decentralized apps

CEO: Robert Mao

Bittrex

Based: 2014

What they do: Crypto buying and selling platform

CEO: Richie Lai

Coinme

Based: 2014

What they do: Crypto money community

CEO: Neil Bergquist

Dragonchain

Based: 2014

What they do: Hybrid blockchain platform for enterprise

CEO: Onno Pelser

Luxor

Based: 2018

What they do: Crypto mining

CEO: Nick Hansen

Irreverent Labs

Based: 2021

What they do: Blockchain-based gaming

CEO: Rahul Sood

Native Coin

Based: 2020

What they do: Cryptocurrency utilized by Native American Tribes

CEO: Jeff Johnson

Nori

Based: 2017

What they do: Carbon elimination market

CEO: Paul Gambill

Seashell

Based: 2021

What they do: Digital asset funding fund

CEO: Daryl Hok

Stably

Based: 2018

What they do: Asset-tokenization-as-a-service

CEO: Kory Hoang

Strix Leviathan

Based: 2018

What they do: Crypto hedge fund

CEO: Sadie Raney

StormX

Based: 2014

What they do: Crypto cashback app

CEO: Simon Yu

TaxBit

Based: 2018

What they do: Digital property tax and accounting

CEO: Austin Woodward

Terra Chain

Based: 2021

What they do: Digital securities administration platform

CEO: Dominic Niolu

Transparent Systems

Based: 2018

What they do: B2B cost community

CEO: Alex Fowler

Why Grene

Based: 2017

What they do: Blockchain-based power trade

CEO: Patrick Stevan Phelps

Zenledger

Based: 2021

What they do: Crypto tax and accounting

CEO: Patrick Larsen