10 Most Innovative Companies in 2023: Blockchain, Crypto, Metaverse, Web3

Fast Company | Connie Lin | March 2, 2023

Image: Fast Company

In a tumultuous year for crypto and the metaverse, companies such as Roblox, Nike, the Ethereum Foundation, and DressX made real inroads in digital currency, virtual goods, and more.

• Cryptocurrency may have rocketed into the stratosphere during the pandemic, but in 2022, it came crashing back down to Earth. Millions of people lost billions in the implosions of Terra-Luna, then Celsius, then FTX. With the industry’s dead weight cut loose, some crypto advocates saw a chance for the truly innovative ideas buried amid the rubble to soar.
• Of course, that meant reimagining what the future of Web3 might look like as companies race to settle crypto’s wild west—including the metaverse, a nebulous concept that many have linked to Web3’s growth as our lives continue to get more digital.
  • Roblox, DressX, and Emperia gave us glimpses into that still-uncharted territory, with successful forays in digital currency, avatar fashion, and virtual shopping experiences.
  • Nike staked its claim among Web3 hypebeasts by channeling sneakerhead culture into its CryptoKicks NFTs.
  • And LinksDAO brought golf onto the blockchain with a decentralized “country club” for players to connect across the globe.

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• Meanwhile, other companies set out to address the industry’s pitfalls.
  • Chainalysis used its forensic prowess to hunt down crypto funds stolen through hacks and scams, and
  • Ledger engineered a smarter hardware wallet to keep your money safe offline.
  • The Ethereum Foundation worked to mitigate crypto’s climate impact with a tech upgrade dubbed the Merge, and
  • The Hundreds clapped back at the industry’s spotty track record on creator royalties with a reworked smart contract system that makes sure artists get their dues.

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