In a recent report by an investment firm, Crypto Valley Venture Capital (CV VC), Cardano Foundation is among the top 50 blockchain organizations in the world. For the third time in a row, Cardano Foundation has managed to cut the Crypto Valley Top 50 report adding a feather to its cap.
Built on peer-reviewed academic research and scientific philosophy, Cardano has always been hyped as one of the best blockchain technologies in the cryptocurrency ecosystem.
Working in conjunction with IOHK, a technology-based startup company founded by Jeremy Wood and Charles Hoskinson, Cardano is proving to be a force to reckon with in the cryptocurrency space. From its early stages of Byron to the latest update of the Shelley stage, Cardano’s roadmap is proving to be healthy.
The report was printed by investment firm Crypto Valley Venture Capital in close collaboration with PwC’s Strategy and IT department on 30th July. The report analyzes the present state of the Swiss Crypto Valley featuring geographical hotspots, unicorns, market size, regulatory benefits as well as new innovative services.
Decentralized Technologies Silicon Valley
Based in Switzerland, Crypto Valley is the focal point for crypto technologies that are modeled on the Silicon Valley sample. The Crypto Valley is based in the town of Zug which is found in the Greater Zurich area, a location that is fertile for the promotion of budding relationships between startups and regulators attracting talented individuals and entrepreneurs.
Employing over 4,000 professionals, the Crypto Valley is known for assisting interested parties set up their operations in the area. At present, the Crypto Valley tallies more than 800 organizations as actively involved in the cryptocurrency and blockchain environment.
Launched in 2013, the Crypto Valley project is considered as one of the world’s leading environments for cryptocurrency, blockchain, and distributed ledger innovations. Having hundreds of firms thriving inside the particular crypto city, the Crypto Valley deserves credit for creating friendly regulatory frameworks and network effects.
2019 CV VC Findings
According to the latest figures from the report regarding the top 50 blockchain companies in Crypto Valley, it is clear that optimism levels are rising among investors and shareholders despite 2018’s bear market.
Indeed, the top 50 blockchain firms in the Swiss Crypto Valley have managed to double their market valuation in the first half of 2019, shifting from 20 billion US dollars to 40 billion US dollars.
According to the report featuring Cardano Foundation as top 50 blockchain firms, some of the companies that are active in blockchain technology and distributed ledger technologies (DLT) include six unicorn companies that are worth more than 1 billion US dollars each.
According to the CEO and founder of Crypto Valley Venture Capital, Mathias Ruch:
“The last crypto winter that was experienced undoubtedly disrupted the industry. However, despite the winter, companies that have strong foundations and emerging use cases have grown significantly in valuation.”
The CV VC report shows six clear hotspots in Swiss Crypto Valley. The hotspots are made up of Zurich, Vaud, Ticino, Zug, Liechtenstein, and Geneva. Currently, as it stands, Zug is the heartbeat of Crypto Valley having all six Unicorns and over 50 percent of all registered companies residing in its jurisdiction.
Previous CV VC reports showed four Unicorn companies were in operation. Among the four, three are the most significant protocol projects in the world, namely Cardano Foundation, Dfinity, and Ethereum Foundation that have over 40 employees working in Zurich. The fourth Unicorn is mining company Bitmain Switzerland, which is currently gearing up for an IPO on the US stock exchange.
On the latest report, there are two new additions to the Unicorn group, Cosmos Network, and Polkadot, making the current Unicorn number stand at six.
Emerging Crypto Banks are Increasing and Attracting High-level Talents
In 2019, the newly introduced but well-funded Swiss Crypto Bank recorded the highest employee growth across the blockchain industry.
Following the introduction of the Swiss Crypto Banks, many experienced bankers have joined the industry bring onboard experiences and specialist knowledge to the industry.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.
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