Crypto Goes Mainstream: Coinbase CEO On TIME’s ‘100 Next’ List And 4 Startups Land On ‘Upstart 100’
Blockchain and Crypto startups are slowly making into the lists of the top 100 V.C eyed ventures. The latest CNBC Upstart 100 and Time magazine rankings have featured a couple of players in the crypto space most notably Coinbase CEO and Co-Founder, Brian Armstrong.
The Coinbase founder was recognized in the TIME 100 NEXT 2019 category; Armstrong joins other innovators whose startups are less than a decade old. This burner under which Time magazine recognizes game changers in the various industries is a concept borrowed from its long-time TIME 100 Banner which has featured most influential people for over 10 years. Other than Coinbase, Armstrong runs a charity organization dubbed ‘GiveCrypto.Org’ whose main operation is donating digital coins to the less fortunate.
CNBC Upstart 100 release involves V.C backed firms who have just started; this year’s list featured four players within the cryptocurrency industry which are; Xage Security, Lolli, FintuX and cmorq. According to the CNBC selection criteria, the startups should be worth $50 million or less. The 2019 list was narrowed down from over 600 nominated firms based on their scores in eight quantitative weight categories. Most of the companies that appeared this year are American with only 25% of them under the leadership of women.
Blockchain and Crypto Startup Stats
Firms within this industry began featuring in the Time and CNBC ranking a year ago. The number seems to have stagnated although it is much better than none which was the case back in 2017. Switzerland headquartered crypto exchange, ShapeShift AG, was among the blockchain-oriented startups that featured in CNBC’s 2018 list. Other players who have managed the similar recognition include Paystand, Blockstack and Veem; the three deal with payment settlements and DApp ecosystems.