Preloading - Growfy Webflow Template
December 22, 2022

YC S22 Cohort Analysis: Crypto and Web3

YC S22 Cohort Analysis: Crypto and Web3

YC S22 Cohort Analysis: Crypto and Web3

The Summer 2022 Y-Combinator batch featured 240 startups spread out all over the world and operating in many different industries. These 240 startups were selected from a pool of 19,000 founders. Of the 240 startups featured in the batch, 26 (10.83%) were tagged as operating the Crypto or Web3 Space. These were the 26 startups evaluated in this report. The global Web 3.0 blockchain market size was USD 1.36 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 44.9% from 2022 to 2030. This would put the market at an estimated value of 33.53 billion by 2030. The market was dominated by the public segment in 2021 (compared to private, consortium, and hybrid). The growth of the segment can be attributed both to the increased demand for public blockchain technology and to the free, secure, and permission less accessibility to anyone with internet access. 2021 saw the overall market still be dominated by the cryptocurrency segment of the market. Enterprises are increasingly in need of high-performance cryptocurrency transaction services. Web 3.0 cryptocurrencies use blockchain and smart contracts to automate transactions and eliminate the need for a third-party entity which is anticipated to support the segment’s growth. The company analysis showed that there are a number of new technologies and areas in which startups are innovating in this space. With crypto and web3 both being relatively new industries, and the market for each being broad, many of the companies addressed in this report are attacking the market from different angles that were previously entirely unserved.

Explore the Report →