Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights. This time, you get to discover 5 hand-picked NFT startups.
Global Startup Heat Map highlights 5 Top NFT Startups out of 360
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 2.093.000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 360 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 blockchain startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 355 NFT startups, get in touch.
0xcert deploys Decentralized Apps (DApps)
By storing data on a decentralized blockchain, Dapps enable new disruptive business models. They leverage the cryptographic capabilities of blockchain technology to validate proof of value. NFT marketplaces, for instance, are decentralized marketplaces for the trading of digital and physical assets. Startups are developing a range of solutions to validate and authenticate transactions in such marketplaces.
Slovenian startup 0xcert develops a protocol for decentralized apps. The startup uses the data protection capabilities of blockchain to validate and authenticate the existence of digital assets. 0xcert API is a decentralized web service built on top of the startup’s open-source infrastructure. It enables many-to-many atomic operations, as well as rapid deployment of decentralized applications.
Sorare offers Virtual Collectibles
Collectibles such as trump cards or club merchandise are generally in popular demand among sports fans. However, there is a lack of similar experiences for esports or digital avenues in traditional sports. NFTs assign a unique identity to digital assets, allowing companies to create and offer rare collectibles. This allows users to truly own a digital collectible, improving fan engagement and offering an additional revenue stream for clubs.
Sorare is a French startup that leverages NFTs to offer virtual collectibles for football fans. The startup’s marketplace provides limited edition digital cards featuring footballers from Europe’s top leagues and clubs. Since all cards are validated as an NFC, they cannot be duplicated, altered, or deleted. The game elevates the experience of fantasy football, allowing managers to trade and compete with each other.
MakersPlace provides Digital Art Marketplace
For collectors of valuable paintings, verifying the authenticity of a painting is critical before they spend large amounts on a piece. Moreover, the collector gets to claim some part, if not all, of the ownership of the piece. For digital art, verifying authenticity and ownership is a massive challenge. NFT marketplaces address this issue with immutable tokens, enabling creators to monetize digital art masterpieces.
US-based startup MakersPlace provides a digital art marketplace. The startup uses NFTs to allow creators to sign and put limited numbers of their art on sale. The digital signature is verified and stored as a permanent record through the blockchain. The marketplace allows buyers to purchase rare digital art with verifiable proof of ownership.
The Sandbox builds a User-Generating Gaming Platform
Many video games have in-game marketplaces that allow players to trade virtual assets. Generally, the mode of payment is a virtual currency that holds value only inside the game. However, as gamers spend hours collecting these assets or creating mods that expand the game experience, they seek channels to monetize them. NFTs provide a secure method for the sale and purchase of in-game assets among players.
Canadian startup The Sandbox develops a gaming virtual world on the Ethereum blockchain. The startup’s community-based platform allows gamers to monetize voxel assets and gaming experiences. The Sandbox offers VoxEdit, a tool to create and animate voxel assets. Moreover, it offers Game Maker, a no-code engine that allows gamers to make their own games using NFT voxel models.
Boson Procol enables Real World Commerce with NFTs
For ecommerce websites, proving the authenticity and provenance of traded goods is a difficult task. As a result, cases of return fraud are on the rise, making brands lose profits. To tackle this challenge, startups are exploring ways to assign NFTs to physical assets as well. This makes the transaction life cycle traceable and allows users to prove ownership.
Boson Protocol is a British startup that brings the benefits of blockchain to real-world commerce. The startup’s blockchain protocol enables smart contracts for the trading of physical assets. It combines NFTs and game theory to automate digital to physical redemptions while minimizing arbitration and eliminating the need for human intervention. The startup’s solution tokenizes items and commerce data in e-commerce platforms within a liquid digital market.
Discover more Blockchain Startups
Blockchain startups such as the examples highlighted in this report focus on smart contracts, cryptocurrencies, and traceability. While all of these technologies play a major role in advancing the blockchain sector, they only represent the tip of the iceberg. To explore more blockchain technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download our free Industry Innovation Reports to save your time and improve strategic decision-making.