Top 10 Best Blockchain Startups to Watch in 2023

innovative blockchain technology startup

The blockchain industry is rapidly evolving, with new startups emerging as pioneers of innovation and disruption. As we move through 2023, several blockchain startups have distinguished themselves with groundbreaking technologies and solutions that promise to reshape various sectors. In this article, we highlight the top 10 blockchain startups to watch in 2023, showcasing their unique contributions to the industry.

Key Takeaways

  • Chainalysis is a leader in blockchain analytics, providing insights and tools to combat illicit activities.
  • ConsenSys is at the forefront of Ethereum-based blockchain solutions, driving decentralized applications and enterprise blockchain adoption.
  • BlockFi offers cryptocurrency lending and borrowing services, making digital assets more accessible to the general public.
  • Alchemy provides a powerful platform for developers to build and scale blockchain applications efficiently.
  • Dapper Labs is revolutionizing blockchain gaming and digital collectibles, known for its popular NBA Top Shot platform.

1. Chainalysis

blockchain technology startup office

Chainalysis is a platform that provides banks, government agencies, and other members of the blockchain ecosystem with a litany of resources to help identify and eliminate hacked or stolen funds. Their anti-money-laundering software aims to create safer interactions for all.


  • New York, New York


  • Jan Moller
  • Jonathan Levin
  • Michael Gronager

Founded In

  • 2014


  • Series F, $536.6 Million

Investors Include

  • Accel
  • Dragoneer Investment Group
  • Blackstone Group

Chainalysis has become a cornerstone in the blockchain industry, providing essential tools to combat illicit activities and promote transparency.

2. ConsenSys

innovative blockchain technology startup office

ConsenSys is a leading blockchain technology company that focuses on building infrastructure, applications, and tools for the Ethereum blockchain. Founded by Joseph Lubin, one of the co-founders of Ethereum, ConsenSys has been instrumental in driving the adoption and development of decentralized applications (dApps) and blockchain solutions.

Key Products and Services

  • Infura: A suite of blockchain infrastructure services that provides developers with scalable and reliable access to Ethereum and IPFS networks.
  • MetaMask: A popular cryptocurrency wallet and gateway to blockchain apps, enabling users to manage their digital assets and interact with decentralized applications.
  • Codefi: A comprehensive suite of blockchain-based financial applications, including tools for asset management, payments, and digital asset issuance.
  • Quorum: An enterprise-focused blockchain platform that offers enhanced privacy, performance, and permissioning features.

Recent Developments

ConsenSys has been actively involved in various initiatives to promote blockchain technology and its applications. Some of the recent developments include:

  1. Partnerships: Collaborating with major financial institutions and technology companies to develop and implement blockchain solutions.
  2. Funding: Securing significant investments to expand its product offerings and accelerate growth.
  3. Innovation: Continuously enhancing its existing products and launching new solutions to meet the evolving needs of the blockchain ecosystem.

ConsenSys remains at the forefront of blockchain innovation, driving the adoption of decentralized technologies and empowering developers and enterprises to build the future of the internet.

Future Outlook

With its strong focus on Ethereum and a robust portfolio of products and services, ConsenSys is well-positioned to capitalize on the growing demand for blockchain solutions. The company’s commitment to innovation and collaboration will likely continue to drive its success in the coming years.

3. BlockFi

blockchain startup office with team working on computers

BlockFi is a crypto investment and blockchain wealth management platform that enables its customers to invest in cryptocurrency, digital assets, consumer lending products, and other products related to the crypto-asset ecosystem. Their primary mission is to provide their customers with transparency, an efficient platform they can transact on, and liquidity.


  • Jersey City, New Jersey


  • Flori Marquez
  • Zac Prince

Founded In

  • 2017


  • Undisclosed, $1.4 Billion

Investors Include

  • FTX US
  • Alumni Ventures
  • Empede Capital

BlockFi stands out for its commitment to providing a transparent and efficient platform for crypto transactions, making it a key player in the blockchain wealth management space.

4. Alchemy

innovative blockchain technology startup office

Alchemy is a leading blockchain development platform that has been instrumental in accelerating the adoption of web3 technologies. The company provides a suite of tools and services designed to help developers build and scale decentralized applications (dApps) efficiently.

Key Features

  • Developer Tools: Alchemy offers a comprehensive set of developer tools that simplify the process of building blockchain applications.
  • Scalability: The platform is designed to handle high volumes of transactions, making it ideal for large-scale dApps.
  • Security: Alchemy prioritizes security, ensuring that applications built on its platform are robust and secure.

Funding and Growth

Year Founded Funding Rounds Total Funding
2017 Series A, B, C $110 Million

Future Prospects

Alchemy is poised to play a significant role in the future of blockchain technology, offering solutions that make it easier for developers to create and scale decentralized applications.

Alchemy’s start-up category is a guide to launching and scaling a business, exploring famous blockchain startups, healthcare innovation, and blockchain technology.

5. Dapper Labs

innovative blockchain technology startup office

Dapper Labs is a pioneering force in the blockchain industry, known for creating some of the most popular blockchain-based games and platforms. Founded in 2018, the company has made significant strides in bringing blockchain technology to the mainstream.

Key Projects

  • CryptoKitties: Launched in late 2017, CryptoKitties was one of the first blockchain games to gain widespread attention. Players can create and trade NFTs of virtual cats, making it a fun and engaging way to introduce people to blockchain technology.
  • NBA Top Shot: This platform allows users to buy, sell, and trade officially licensed NBA collectible highlights. It has become a massive hit, attracting both sports fans and crypto enthusiasts.

Funding and Growth

Dapper Labs has successfully raised substantial funding to support its projects and expansion. The company has attracted investments from notable firms, enabling it to continue innovating and leading in the blockchain space.

Funding Round Amount Raised
Series A $12 Million
Series B $305 Million
Series C $250 Million

Future Prospects

The future looks bright for Dapper Labs as it continues to explore new opportunities and expand its offerings. With a strong foundation and a track record of successful projects, the company is well-positioned to remain a key player in the blockchain industry.

Dapper Labs, led by cofounder and CEO Roham Gharegozlou, created CryptoKitties, a blockchain-based game where players create and trade NFTs of virtual cats.

6. OpenSea

blockchain startup office with team working on computers, digital art marketplace, modern tech workspace

OpenSea is one of the top 10 most exciting blockchain startups to watch in 2023. As a leading marketplace for non-fungible tokens (NFTs), OpenSea has revolutionized the way digital assets are bought, sold, and traded. The platform supports a wide range of NFTs, including art, music, virtual real estate, and more.


OpenSea was founded in 2017 and has since grown to become the largest NFT marketplace in the world. The platform allows users to create, buy, and sell NFTs with ease, providing a seamless experience for both creators and collectors.

Key Features

  • Wide Range of NFTs: OpenSea supports various types of NFTs, from digital art to virtual real estate.
  • User-Friendly Interface: The platform is designed to be intuitive, making it easy for users to navigate and find what they are looking for.
  • Robust Security: OpenSea employs advanced security measures to protect users’ assets and data.
  • Community-Driven: The platform encourages community involvement and feedback to continuously improve the user experience.

Funding and Growth

OpenSea has attracted significant investment over the years, securing millions in funding to expand its operations and enhance its platform. The company’s growth trajectory has been impressive, with a rapidly increasing user base and transaction volume.

Future Prospects

As the NFT space continues to evolve, OpenSea is well-positioned to maintain its leadership role. The platform’s commitment to innovation and user satisfaction will likely drive its continued success in the coming years.

OpenSea is not just a marketplace; it’s a community where creators and collectors come together to explore innovative blockchain startups reshaping industries with DeFi, NFTs, and Web3 technologies for a transparent and efficient future.

7. Bitwise

innovative blockchain startup office

Bitwise is a prominent player in the blockchain space, known for its innovative approach to cryptocurrency asset management. The company has been making waves with its range of products designed to simplify and enhance crypto investments.

Innovative Products

Bitwise offers a variety of products that cater to both individual and institutional investors. These include index funds that track the performance of top cryptocurrencies, providing a diversified investment option.

Market Impact

Bitwise has had a significant impact on the market, particularly with its efforts to launch a Bitcoin spot ETF. There’s great hope for Bitcoin spot ETF approval in 2024, which could further solidify Bitwise’s position as a market leader.

Future Prospects

Looking ahead, Bitwise is poised for continued growth. The company’s focus on regulatory compliance and innovative product offerings positions it well for future success.

Bitwise’s commitment to simplifying crypto investments makes it a standout in the blockchain industry.

8. Anchorage

blockchain startup office with team working on computers

Anchorage Digital is a regulated custodian offering institutions lending, trading, financing, and staking of crypto. The company has raised a significant amount of funding, totaling $487 million from notable investors such as Andreessen Horowitz and Blockchain Capital.

Company Overview

Anchorage Digital provides a comprehensive suite of services tailored for institutional clients. These services include:

  • Lending: Offering crypto-backed loans to institutions.
  • Trading: Facilitating secure and efficient trading of digital assets.
  • Financing: Providing various financing options for institutional needs.
  • Staking: Enabling institutions to earn rewards by staking their crypto assets.

Funding and Investors

Funding Round Amount Raised Key Investors
Series D $487 million Andreessen Horowitz, Blockchain Capital

Key Features

  • Regulated Custodian: Anchorage is a fully regulated entity, ensuring compliance with financial regulations.
  • Institutional Focus: Tailored services specifically designed for institutional clients.
  • Comprehensive Services: A wide range of services including lending, trading, financing, and staking.

Anchorage Digital stands out as a leader in the institutional crypto space, providing a secure and regulated environment for digital asset management.

9. Fireblocks

innovative blockchain technology startup

Fireblocks is a blockchain startup that provides security services for issuing, storing, and moving digital assets. By using their services, the complexity of working with digital assets is removed. There are currently over 1,300 different organizations using Fireblocks for trading, brokerage, exchange and lending, banking, and payments services.


  • Location: New York, New York
  • Founders: Idan Ofrat, Michael Shaulov, Pavel Berengoltz
  • Founded In: 2018
  • Funding: Series E, $1 Billion
  • Investors Include: Spark Capital, D1 Capital Partners

Key Achievements

  • In the 5-years of business, Fireblocks has seen 5400% search growth.
  • Fireblocks has secured $2T in crypto assets for their 1000+ clients.

Services Offered

  1. Trading
  2. Brokerage
  3. Exchange and Lending
  4. Banking
  5. Payments Services

Fireblocks provide blockchain-based security solutions to all institutions. They offer help to clients in managing their treasury operations, digital assets, and decentralized finance.

10. Immutable

blockchain technology startup innovation

Immutable is a leading blockchain startup focused on revolutionizing the gaming industry through its innovative use of blockchain technology. The company is known for its Immutable X platform, which provides a scalable and secure solution for creating and trading NFTs (Non-Fungible Tokens) without the high gas fees typically associated with Ethereum.

Key Features

  • Scalability: Immutable X leverages zk-rollups to enable thousands of transactions per second, ensuring a seamless user experience.
  • Zero Gas Fees: By utilizing layer-2 solutions, Immutable X eliminates gas fees, making it more accessible for users and developers.
  • Security: The platform employs advanced cryptographic techniques to ensure the security and integrity of transactions.


Immutable has formed strategic partnerships with several high-profile companies in the gaming and blockchain sectors, including:

  1. GameStop: Collaborating to create a new NFT marketplace.
  2. TikTok: Partnering to launch exclusive NFT collections.
  3. OpenSea: Integrating with the largest NFT marketplace to expand its reach.

Future Prospects

Immutable aims to continue its growth by focusing on:

  • Expanding its ecosystem through new partnerships and integrations.
  • Enhancing its platform’s features and capabilities.
  • Driving mainstream adoption of blockchain technology in gaming.

Immutable is poised to become a major player in the blockchain gaming industry, offering innovative solutions that address key challenges such as scalability, cost, and security.


The blockchain startup scene is teeming with potential, offering a wide range of innovative solutions that extend beyond traditional financial applications. The ten startups highlighted in this article represent just a glimpse of the transformative power of blockchain technology. As the industry continues to evolve, these companies are at the forefront of driving innovation and shaping the future of various sectors. From enhancing transparency and security to revolutionizing digital assets and decentralized finance, these startups are paving the way for a more efficient and decentralized world. The future of blockchain is bright, and these startups are leading the charge into 2023 and beyond.

Frequently Asked Questions

What is blockchain technology?

Blockchain technology is a decentralized digital ledger that records transactions across many computers in such a way that the registered transactions cannot be altered retroactively. This ensures transparency and security.

Why should I watch blockchain startups in 2023?

Blockchain startups are at the forefront of innovation, offering solutions that improve transparency, security, and efficiency across various sectors. Watching these startups can provide insights into future technological trends and investment opportunities.

What industries are being disrupted by blockchain technology?

Blockchain technology is disrupting various industries including finance, supply chain management, healthcare, real estate, and gaming by enhancing transparency, security, and efficiency.

How can I invest in blockchain startups?

You can invest in blockchain startups through venture capital funds, cryptocurrency investments, or by participating in Initial Coin Offerings (ICOs) and Security Token Offerings (STOs). Always conduct thorough research before investing.

What are some top blockchain startups to watch in 2023?

Some top blockchain startups to watch in 2023 include Chainalysis, ConsenSys, BlockFi, Alchemy, Dapper Labs, OpenSea, Bitwise, Anchorage, Fireblocks, and Immutable.

How is blockchain improving transparency in financial transactions?

Blockchain improves transparency in financial transactions by providing a decentralized ledger that records all transactions in a secure and immutable manner, making it easy to track and verify transactions.


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