Web 3 Startups: Is This The New Internet Era?
The crypto and NFT market has seen a huge growth in recent times and is getting into the mainstream. NFTs or non fungible tokens are a way of storing data and this is a form of asset that can be purchased and also sold similar to anything else. Presently, Web 3 is trending, mainly in the blockchain sector. With that, in this article, let us have a look at the top 10 Web 3 startups that are in the process of changing the future.
But before we get into the startup list, it is important for the unknown to know what exactly is Web 3 and why is it so important for our future?
What Is Web 3 Technology?
Before we get into the top 10 Web 3.0 companies in India, let us first understand the technology. Web 3 is the upcoming third generation of the internet where the apps and websites can process data in a smart human like way via technologies such as ML (Machine learning), decentralized ledger technology (DLT), Big Data, and many more. This technology was originally known as the Semantic Web by the inventor of WWW (World Wide Web), Tim Berner-Lee, and was focused on being more autonomous, open internet, and intelligent.
The definition of Web 3.0 can be expanded as follows: data will be interlinked in a decentralized way, which would be a big leap ahead of our present generation of the internet that is Web 2.0, where data is mostly kept in centralized repositories.
Along with that, machines and users will be able to interact with data. But for that to occur, programs are required to understand data both contextually and conceptually. Keeping this in mind, the two cornerstones of artificial intelligence (AI) and Web 3.0 semantic web. Now, let us have a look at the top 10 Web 3 startups.
Top 10 Web 3 Startups In India
Business models develop with time, at times because of changes in the industry and at times because of the advent of technology that results in the emergence of the latest exciting trends. With that, let us have a look at the top Web 3 startups in India that are presently on the market to change the future. Also with these, you will get Web 3.0 startup ideas for your business as well. These include the biggest Web 3 opportunities.
Among the list of top 10 Web 3 startups, this has to be the first name. Vayupankh.io that was founded by Ankur Rakhi Sinha, enables entities to take their prevailing systems from Web2 and Web3, formulate their own Chains, formulate NFT marketplaces, Swaps, and tokens. It is planning to release decentralized applications (DApps) for gaming on the platform soon.
The next Web 3.0 startup in India is StaTwig. This is a SaaS (Software as a service) startup aimed at solving supply chain failures like black-marketing, counterfeiting, and stockouts by securing the journey of every single unit of an item in the supply chain.
Established by Sid Chakravarthy, StaTwig has partnered with the types of Tech Mahindra, Twilio, Intel, AWS, and UNICEF. Its flagship solution is a VaccineLedger assisting several health departments with the Covid-19 vaccines.
PredictRAM is a DeFi (Decentralised Finance) platform that enables risk management using its synthetic platform that is based on blockchain. The entity tokenizes the IT assets of the customers and formulates synthetic tokens that enable for formulating, settling and trading of decentralized derivatives. This list of top 10 Web 3 startups would have been incomplete without PredictRAM.
3bewte is a social network that offers a decentralized community of autonomous sectors based on Web 3 technologies. Established by Vighnesh Velayudhan and Krishna K V, the entity enables users to construct their own sector and earn $BEW, the token of the startup, for fan engagement. The users can then spend the $BEW for buying something on the platform.
CommitPool is a self support platform created on the Web3 platform of Polygon that mixes self-care aims with digital currency rewards. A user can plan to a goal, stake some DAI on attaining the goal, and get rewarded after the goal is attained.
Established by Sitaram Kakarlamudi, Higin is a platform that is based on Web3 and that enables gamers to earn in digital currency. The startup also enables creators to have their own Web 3 commerce platform and developers to include Higin in their apps, games, and web3 platforms.
Founded by Senthil Nayagam, this Web 3 startup is an NFT platform that formulates and sells NFTs from movies in several languages like English, Tamil, Telugu, Hindi, and other regional languages. NFTs that are owned by the users are their own and are traceable using blockchain.
The startup that was established by Ravi Krishnan, Filmrare calls itself a ‘metaverse cinematheque’. As the term recommends, the entity hosts regular film screenings like indie creators, short films, and many more, and in their metaverse known as the Decentraland.
The-Ally is a decentralized distribution network that is based on Web 3.0 where video creators, aggregators, and rights holders, receive end-to-end control of their content, data, and earnings. The startup was established by Nitin and Pratibha Narkhede.
10. Zippy Fitness Inc
Established by Sunny Makroo, Zippy is a health tech platform that has been developed in the metaverse to make indoor operation more interactive. The users can download the application, connect the phone with either the treadmill or the compatible hardware, and jump in the metaverse to run along on a virtual track with friends.
The new internet will offer a more customized and personal browsing experience, a smarter and also a more human-like search assistant, and other decentralized advantages that are hoped will help to create a more equitable web. This will be attained by empowering every individual user to become a sovereign over their information, and formulating a richer overall experience thanks to the myriad of innovations that is to arrive once it is in place.
When Web 3.0 inevitably comes as hard as it is to fathom taking into account how smart devices have already altered our behavioral patterns, the internet will become exponentially more integrated into our daily lives. This brings with it a plethora of business opportunities. In the above article, we have spoken about the top 10 Web 3 startups that are based in India and aim to change the future of the internet.