leader in blockchain investment

More and more companies are investing in cryptocurrencies, although this is done discreetly from an institutional point of view. While some invest directly in certain projects, other companies can invest in blockchain startups, although this type of investment is less common.

Google invests $1.56 billion in blockchain companies

Blockchain technology is being adopted by many companies as we progress in the history of technology. For example, Google invests in it. Blockchain is at the heart of what could revolutionize the web3, and is also being used by web2 companies.

Blockdata is an analytics site that has documented the top 100 companies in the world, such as Google (Alphabet), and their investments in blockchain startups. The data is from the beginning of this year. Alphabet is currently the fourth largest company in the world, with a market cap of nearly $1.5 trillion.

For example, Google’s parent company, Alphabet, is the one that has invested the most in the crypto sector since last September:

  • Alphabet ($1.5 billion invested);
  • BlackRock ($1.17 billion invested);
  • Morgan Stanley ($1.11 billion invested);
  • Samsung ($979 million invested).

Many of these investors are companies whose primary activity has nothing to do with capital management. A way to emphasize that the blockchain goes way beyond cryptocurrencies.

Alphabet invested nearly $1.56 billion between September 2021 and June 2022. The program aims to fund the web3 giants of tomorrow, the internet of tomorrow (or today). Specifically, the structure has invested in:

  • FireBlocks (digital asset storage and transfer platform)
  • Dapper Labs (NFT video game industry company)
  • Spanning (Bitcoin Infrastructure for Business)
  • Digital Currency Group (cryptocurrency equity company)

Research shows that major institutional brands participated in 71 financing rounds. It involves about 60 blockchain or crypto-focused startups. It turns out that most of these startups offer services around NFTs. But game markets and companies are also popular.

After web1 and web2, Google wants to help build web3

Google hopes to help build Web 3, as they helped build Web 1 and 2. Google helped build the first two visions of the Web, and they hope to help build Web 3. It is important to understand Google’s interest in building web 3, because it was Google who helped build the first two generations of the Internet.

Internet users in the 1990s had access to free online information on sites like Yahoo and AOL. This generation of the web is called Web 1.0, and it was the beginning of the Internet.

The early 2000s marked the beginning of Web2. A more open internet for users thanks to the advent of giant sites such as Google or Facebook. Users could be more active on the web by posting to blogs, social sites or forums.

Bitcoin is part of the web3 generation, the third generation of the internet. The web3 is a more decentralized version of the internet and is not owned by a large company. The Web3 aims to be the combination of the innovations of the web2 and to replace third parties with blockchain technology so that people can have direct interactions without intermediaries.

The Metaverse is a 3D virtual world that will be connected to the internet. This web, which is still in its infancy, gives users the opportunity to use cryptocurrencies to monetize their content and to use NFTs to exploit their proprietary rights on the internet.

More than $6 billion has been invested in blockchain-related startups by large multinational corporations. Blockchain companies have also never raised more money than they do now, despite the crypto winter descending on our wallets. All of this points to the adoption of cryptocurrency and so-called Web 3 technologies.

Leave a Comment