53 Most Promising Crypto Startups of 2022, According to VCs

  • Despite a crypto crash, VCs are backing Web3 startups in areas like NFTs and decentralized finance.
  • We asked investors to name the most promising crypto and Web3 startups of 2022.
  • VCs were asked to name startups in their portfolios and ones with which they had no financial ties.

An adage suggests some of the most successful companies are born during challenging economic times. In the midst of a crypto winter, proponents of Web3 are leaning into that notion.

Though funding has slowed down somewhat, investors are continuing to back crypto-powered startups aiming to transform industries such as finance and digital commerce.

Among the most popular categories are the collectibles known as NFTs, or nonfungible tokens; decentralized finance, or DeFi, which aims to provide financial services such as loans without having to go through a traditional bank; and tools for creating decentralized autonomous organizations, or DAOs, which use crypto tokens as tools for making group investing decisions.

Several other startups focus on building the technology that enables the creation of Web3 applications.

Insider asked top investors at both crypto-focused funds and more traditional firms to nominate the startups they believe show the most promise. Here are their picks.

Estimated total funding for each startup is based on data from PitchBook unless otherwise specified.

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