Singapore is one of the best markets for Web3 to take off. The possibilities of Web3 are endless and it boasts of an even more fundamental upheaval, one that will eventually cast everything else into the shade. From holding assets digitally without the need for a third-party watchdog to open, trustless, and permissionless networks, Web3 opens up massive and groundbreaking opportunities.
Kenrick Drijkoningen, General Partner of Singapore-based Play Ventures believes Web3 will impact almost every industry. He says, “People have been claiming bitcoin is a fad when it was valued at just US$1, but it is now among the top 20 global currencies. True, Web3 is still in the early development days, something like the internet in the mid-1990s. But it’s real.
“The hallmark of disruptive technology is that it’s dismissed by incumbents in the early days, something we are seeing again today. To understand Web3, you have to dive in, understand the technology and use it. This is daunting for many, so they prefer to dismiss it altogether.”
At e27, we are giving the limelight to the advocates of the Web3 ecosystem and throwing light on their journey and becoming. This time, we are back with a listicle that features 27 noteworthy Web3 startups in Singapore who are capturing massive interest and growing in popularity each day forward.
SEED
SEED is the easiest way for everyone, individuals and companies, to access high yielding investments powered by DeFi without high risk and volatility. Investing in cryptocurrencies does not need to be high risk, the startup provides a non-custodial wallet with built-in DeFi recipes which simplify multi-step DeFi strategies with a single click.
Their curated recipes offer high yields of up to 18 per cent+ APY with relatively low risk. Stable, simple, secure, encrypted, custodial, decentralized, and high-yielding, are the words SEED goes by.
Loominate
Loominate is a plug-and-play community platform built on a Web3 decentralised rewards system. This is where workplace communities trade battle stories, share passions, vote on initiatives and join bounties to drive positive culture and change in their organisations.
With a mission to bring transparency, humanity, rewards and a bit of fun into workplace community building, Loominate is built on the token economy of LOOMI token and is now able to decentralise the distribution of rewards to incentivise and sustain authentic bottom-up change, innovation and transformation in both small and big organisations.
Blockchain Worx
Blockchain Worx is a fintech venture focused on helping institutions harness the potential of blockchain technology for digital transformation in the metaverse era. Their solutions, including a digital banking framework, a tokenized securities platform and an anti-money laundering transaction monitoring system, are targeted at helping organisations leverage distributed ledger technology to develop next-generation business, finance and regulatory networks.
They remain blockchain protocol agnostic and continue to build applications atop various business blockchain technologies such as Quorum, Hyperledger Fabric, Ethereum, and other alternate private permissionable blockchain platforms, including Hyperledger Sawtooth and Multichain.
Avalanche
Avalanche (AVAX) is an open, programmable smart contracts platform for decentralised applications.
AVAX is the native token of the Avalanche blockchain, which like Ethereum, uses smart contracts to support a variety of blockchain projects. The Avalanche blockchain can provide near-instant transaction finality. AVAX is used to pay transaction processing fees and secure the Avalanche network and acts as a basic unit of account among blockchains in the Avalanche network.
Avalanche holds a strong claim of being blazingly fast, low cost, and eco-friendly. Any smart contract-enabled application can outperform its competition on Avalanche.
MetaLoka PTE LTD
MetaLoka is the first-in-the-world OPEN MMORPG metaverse that features time travel and infinite space. An ultimate Multiverse that transcends the barriers between the past and future worlds to bring people together, at the heart of MetaLoka, the Metaverse can teleport you through an overwhelmingly immersive experience of interacting with other Metazen’s in Ancient Egypt, Dark Ages, 2312 Cyberpunk and so much more.
The startup’s mission is to develop a trademark building engine that allows users to create their own metaverses within MetaLoka while bridging to other metaverses.
Quadrant Protocol
Quadrant is a blockchain-based protocol that enables the access, creation, and distribution of data products and services with authenticity and provenance at its core.
The data economy is similar to space; unmapped and chaotic. The startup provides the infrastructure that facilitates the transparent exchange of Data-as-a-Service and AI services between organisations, enabling data vendors to sell their data with the use of Data Smart Contracts.
Quadrant Protocol is built with Ethereum. It combines the powerful capabilities of blockchain with new innovations developed by the Quadrant team to stamp and map disparate data sets.
AngbaoShop
AngbaoShop is here to get you cryptocurrency at your doorstep or at your nearest convenience store.
Cryptocurrencies, despite their growing adoption, are simply too complicated for the common man. Most of the time, it is out of reach for people who are not tech-savvy or those who simply find the process of obtaining or interacting with any form of cryptocurrencies too daunting. In essence, it is not newbie-friendly.
The startup aims to make the process of obtaining and liquidating cryptocurrencies and their respective crypto assets by making it available via a simple top-up card concept. Current retail channels are online via our e-Commerce platform which accepts cash-on-delivery and at local convenience stores.
Also Read: Women of Web3: Top women contributors tell us all we need to know about Web3
Onchain Custodian Pte Ltd
Onchain Custodian offers a global, standardised, resilient, insured and compliant custody service for the safekeeping of institutional digital asset investments with incomparable user experience.
Its solution is built with the flexibility to meet the possible futures of crypto custody and is led by a highly experienced management team with expertise in blockchain, consulting, custody, crypto, investment banking and securities.
The startup walks with the mission to offer a custody solution which solves the digital asset trilemma of security, convenience & compliance; applies the successful approach to other cutting-edge financial services; ultimately empowers the digital transformation of our economy.
Blockee
Or a synonym for NFT Marketplace for Virtual Real Estate in the Metaverse. Blockee is an aggregator of NFT land from virtual worlds and Web3 games. They stand tall on their mission to make virtual land available to everybody, especially to traditional real estate investors who want to get exposure to virtual real estate with their portfolios.
AlphaWallet
AlphaWalllet is the ultimate wallet engine for the Web3 world. Built by Web3 engineers for the community, AlphaWallet is a self-custodial wallet, that’s 100 per cent open-source, and production-ready. It allows you to simply customise your tokens and launch your MVP in 1/5 of the time.
MetaPals
MetaPals is a browser extension that allows users to interact and grow NFT pets directly from their browser computer screen. With distinct personalities, a Metapal can speak via emojis, interact with elements of a webpage, and play page-specific minigames with the user. All of which add to the ‘care index’, an on-chain measure of the wellbeing of the pet, directly influencing the value of the NFT.
“We see it as the first step to bringing life to the Metaverse and are excited to explore new ways to expand the world of MetaPals. For it to become a true extension of the human experience, through our journey to create a world which we feel people want to join, we realised that we need to bring over the qualities that make us human: love, care, compassion,” says Daryl Lim, Co-Founder at MetaPals
KingSwap
KingSwap is a DeFi project that has introduced a liquidity pool platform with possible fiat off-ramp conversions. KingSwap’s high-yield liquidity platform offers extensive staking rewards, digital collectibles, etc. KingSwap’s native $KING tokens are regulated under Singaporean law. In addition to offering off-ramp fiat currency converting solutions to allow users great convenience between the fiat and cryptocurrency worlds.
The startup has also added some new blockchain community-oriented features to Uniswap’s core design, which will help boom the technology and provide user-friendly real-time benefits in terms of price curves and contributor rewards.
Gorilla Networks Pte Ltd
World’s first telco in the Metaverse, Gorilla Networks Pte Ltd is a next-generation mobile-finance telco that provides seamless mobile connectivity and mobile finance solutions.
Gorilla’s revolutionary blockchain BSS for telecommunication and financial services provides unprecedented access to power-up mobile data via Smart Contracts. Users can use, spend, save and share mobile data as a digital asset with anyone straight from their mobile phone.
Gorilla Networks Pte Ltd is a pioneer in merging telecommunication and mobile financial services into a universal consumer-centric offering and application that is accessible through any device, any network, any location.
482.solutions
482.solutions specialises in innovative distributed solutions using Blockchain technology since 2013. The key competency of 482.solutions is engineering systems and platforms for Industry 4.0 domains such as transactive energy, FinTech, DeFi, digital identity, eGovernment, Supply chain management, digital twins, digital assets management, distributed storage, value chain management, digital economy, M2M systems.
Coalculus
Coalculus is reinventing finance for a digital world. It is a multi-chain fintech blockchain platform built for hybrid deployments and comes with user permissioning capabilities. Enterprise distributed applications enabled by Coalculus benefit from zero node operations, enterprise chain interoperability, scalability and low transaction costs.
“We empower organisations to introduce innovative financial services quickly and easily, in doing so, our clients benefit from the advantages offered by blockchain.”
Also Read: Meet the DeFi platforms that have made waves in Southeast Asia
Blockchain Zoo
Blockchain Zoo is here to bring clarity to the blockchain jungle!
Blockchain Zoo supports blockchain projects from ideation to implementation, through a bias-free technological approach. Their consultants and associates strive to deliver actionable insight and measurable added value, based on the technology that is best suited for the consumers
To put it another way, Blockchain Zoo is a one-stop shop offering solutions for any blockchain needs.
Enjin
Nine years ago, a small, barely funded company first saw the light of a new, digital day. The startup entered the merciless game industry battleground armed with nothing more than unrelenting creativity, fueled by a profound desire to push the boundaries of technology.
Almost a decade later, what used to be a single, lonely tree on a metaphorical, enchanted planet grew into a world-spanning, magical jungle. The biggest social gaming platform in the world, with over 19 million users spread out in more than a quarter of a million gaming communities and processing millions of USD per month in virtual goods sales.
Enjin is a web-based universal blockchain explorer, built with a focus on user experience, speed and ease of use.
Biconomy
A developer platform to enable a simplified transaction and onboarding experience for Web3 projects, Biconomy’s goal is to make Web3 frictionless and mainstream.
The plug-n-play solution allows Web3 interactions to be smooth and seamless between DApps and end-users by removing blockchain complexities. We do this by providing a multi-chain non-custodial, and gas efficient relayer infrastructure network that enables meta transactions at scale.
Nansen
Surfacing the signals in blockchain data, real-time crypto and NFT insights for the win! Nansen is a blockchain analytics platform that enriches on-chain data with millions of wallet labels. Crypto investors use Nansen to discover opportunities, perform due diligence and defend their portfolios with our real-time dashboards and alerts.
ClayStack
ClayStack is redefining skating by getting their users tradable liquid staking derivatives and instantly withdrawing their staked assets.
ClayStack is a decentralized liquid staking platform that enables its users to unlock the liquidity of staked assets across multiple chains. They can stake their assets and use the issued staking derivatives across the DeFi ecosystem. At ClayStack, security is an attribute. Their smart contracts have been audited by Chain Security.
Zilliqa
Low cost, highly scalable, and environmentally sustainable, Zilliqa is your magic portal to the blockchain world, enabling you to create user-friendly dApps more easily.
The startup brings the theory of sharding to practise with its novel protocol that increases transaction rates as its network expands. The platform is tailored towards enabling secure data-driven decentralised apps, designed to meet the scaling requirements of machine learning and financial algorithms.
Pundi X
Pundi X is the most versatile payment ecosystem of its kind. More and more businesses across the world are using Pundi X solution to harness the power of blockchain technology. They have been deploying their blockchain-based point-of-sale (POS) solution and solidifying partnerships with governments, payment companies, and retailers.
“We keep innovating the ways to harness the power of blockchain technology to facilitate financial inclusion. At Pundi X, we want to make digital currencies to be more accessible to more people across the borders and further increase the value of digital currencies for all.”
Also Read: Southeast Asia is one of the best markets for Web3 to take off, say experts
SolRazr
SolRazr is the first decentralized developer ecosystem for Solana, offering Launchpad, Accelerator, and Developer Tools.
The startup boasts of reimagining token sale whitelists and allocations by leveraging the power of NFTs on Solana, incubating projects and helping with a go-to-market strategy to launch quickly, turbocharging Solana dApp development with a suite of powerful developer tools, and allowing communities from other chains to invest directly into Solana projects.
Chintai
Chintai is transforming the capital markets of today into blockchain opportunities of tomorrow.
Founded by a team of career experts in finance, technology, physics, clinical psychology, business management and economics to revolutionise capital markets using blockchain for asset managers, banks and enterprise, Chintai keep the entire life cycle of digital assets on chain. The startup uses high-performance blockchain technology and a multi-chain architecture to deliver a flexible solution that gives our platform participants the most efficiency gains possible.
Cake DeFi
Cake DeFi generates cash flow out of crypto assets by bringing decentralised finance to the people. As simple as it can get, all the users need to do is sign up and get verified within minutes, add funds by depositing crypto or buying with their preferred payment method, allocate their coins and watch the rewards roll in.
PolyTrade
Polytrade is shaping the future of trade finance by bringing safe and insurance backed real-world assets to the crypto world. The startup provides real-world borrowers access to low interest and swift financing to free up critical working capital, tapped from crypto lenders. Polytrade bridges the gaps in traditional receivables financing by accessing untapped crypto liquidity.
Koinearth
KoineArth works at the intersection of blockchains, machine learning and mechanism design to enable economic networks.
KoineArth’s ngageN platform is a regulatory compliant NFT platform for brands and creator economy, driving loyalty by enabling brands & creators to offer exclusive experiences to their premium fans & customers.
KoineArth’s marketsN platform is an enterprise-grade solution for digital supply chains. By enabling secure data sharing in B2B ecosystems, marketsN enables ESG compliance, supply chain finance and operations efficiency.
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