The digital space as we know it has been evolving over recent years, with innovative companies creating what is thought to be the future of the internet - Web3. Their vision includes a decentralized, blockchain-based web, built on the solutions such as cryptocurrencies, NFTs, DAOs, decentralized finance, and more. Many startups are eager to enter this space and investors are looking favorably at the considerable profit margins that are promised by these high-growth companies.
Without a doubt, it’s worth examining this dynamic industry and its key players. The best EMEA Web3 startups have been chosen in the AWS Web3 Challenge, a competition powered by Vestbee in partnership with Amazon Web Services. So without further ado, let’s meet Top 25 finalists and discover their leading-edge web3 solutions.
Bware Labs
Bware Labs aims to tackle Web3 challenges and increase its worldwide adoption by providing reliable infrastructure services and development tools such as the Decentralised Blockchain APIs for developers on a variety of EVM and non-EVM networks as well as blockchain validators. They are also working on an interface between Blockchain APIs consumers and node providers with integrated payment options and verified reliability, all embedded within their platform and protocol service.
Fleming Protocol
Fleming Protocol is an Irish-based startup that creates Web3 infrastructure in order to tackle unmet healthcare needs. Their open-source data economy aims to fuel collaborative biomedical discoveries by incentivizing patients and biomedical innovators to work with labs, scientists, and academia, in a privacy-preserving way. They are fostering the ideals behind a concept of “Ownership Health,” which allows patients to leverage the expertise they gained while battling their own health challenges. This web3 infrastructure ensures that patients have full custody and control of their data and that they can capture the value of what they create.
Cerchia
Headquartered in Switzerland, Cerchia is the first fully automated risk transfer peer-to-peer solution addressing the widening protection gap. It allows for automated parametric event risk payouts, bridged to specific trigger indices provided by certified agencies. Their solution is cost-efficient, scalable, and transparent as it enables direct transfer of event risk between protection buyers and sellers. It utilizes smart contracts and allows for demand/supply-driven pricing through a decentralized market pricing mechanism.
D/Bond Protocol
D/Bond Protocol is a French DeFi startup that provides decentralized primary & secondary on-chain markets for bonds and derivatives built on the blockchain. To make their bonds tradable on a secondary market, they created an EIP 3475 that has been approved by the ETH Foundation. They had built the infrastructure that allows for issuing bonds on blockchains and had developed the on-chain settlement system tailored to their customers' needs.
GEEIQ
GEEIQ is a UK-based Web3 startup that helps brands in navigating and engaging with the metaverse by creating long-term metaverse strategies, benchmarking their virtual activations against competitors, and identifying potential brand, influencer, and gaming partnerships. Their platform collects metrics from across the metaverse and provides structured and searchable data on partnering opportunities with advanced search functions and social following and engagement analysis as well as campaign-tracking functions and NFT insights.
Primex Finance
Primex Finance is an Estonian startup that aims to bridge the gap between the two biggest DeFi use cases - lending and decentralized exchanges. It unites regular people, traders, and financial organizations into an ecosystem, giving them an opportunity to trade freely and earn interest that’s backed by trading profits worldwide. The solution they offer is a prime brokerage protocol that allows using decentralized lender liquidity to spot margin trade on DEXs, with a totally decentralized trade execution mechanism.
Sense of Space
Sense of Space is a Finnish startup developing 3D Streaming technologies for web3, digital platforms, and metaverses. It allows for streaming and displaying large and highly detailed 3D models into any platform or device regardless of their limitations, while maintaining the quality of their models, as it only downloads the geometry that has relevant visual impact for the user, at their specific position and bandwidth. Their 3D polygon streaming format also makes it possible for metaverses to interoperate between them, being able to share the same 3D assets in different places at the same time, as they are streamed from a decentralized cloud infrastructure.
Peerkat
Peerkat is a UK-based on-chain & social data analytics NFT platform for the XRPL ecosystem. It reduces complexity for NFT owners by allowing them to analyze new projects, and track and manage their NFTs, all in one place. With Peerkat users can get unrivaled access to data insights, portfolio tracking, and financial services for NFTs.
FeverTokens
FeverTokens is a French startup offering no-code solutions that make customizing advanced smart contracts exceedingly easy. Their headless infrastructure allows content creators and brands to deploy their own custom Web3 apps and NFT marketplaces with fully-fledged and security-audited Blockchain features. Their users can easily turn their digital assets to fully customizable NFTs to enable others to buy and sell their tokens and use its tokens infrastructure to create apps through the Blockchain.
DeHealth
DeHealth is a startup headquartered in the UK with research centers located in countries such as Israel, the USA, and New Zealand. It is an AI & Medical Data-Based decentralized app for secure and anonymous storage, management, and monetization of healthcare data. It makes the data profitable and lifesaving, using the Web3 ecosystem to connect individuals, healthcare providers, and data consumers in a secure and mutually beneficial partnership enabling a win-win exchange of high-quality, multi-structured datasets. Users of DeHealth’s can share, manage, and monetize their data making transactions with their DHLT token.
Solid World DAO
Solid World DAO is a DeFi startup based in Estonia that utilizes blockchain-based infrastructure in order to make forward carbon markets more liquid, fair and transparent - unlocking the value of forward deals for carbon projects and the institutions that buy them. They are rethinking and accelerating carbon supply chain financing with advanced protocols and prediction models that forecast carbon production and lower the risks behind carbon investments.
KLOOV
Spanish KLOOV is a Web3 music publisher with the mission to enhance the relationships between the public, artists, and their creations, providing 360º web3 tools for the music industry. It offers artists an easy way to create digital collectibles and deliver meaningful experiences, building bridges for fans to interact with music in new and innovative ways.
oQQur
The next on the list, oQQur is an ingenious startup building a social engagement layer on web3 and developing a consumer social app, that provides monetary incentives to users for engaging with their favorite creators. Users are able to monetize their time spent watching the creators as well as the network they share with them.
Powder
Powder is a French AI-powered gaming platform that allows users to play and automatically save their gaming highlights, showing them off and gaining unique rewards in form of crypto or NFTs. The team behind the solution aims to bridge the gap between web2 and web3 gaming and to create a social gaming infrastructure that addresses all the needs of gamers, that want to make the most out of their gaming time (such as finding other players to compete with, additional challenges, sharing content automatically etc). They also aim to help gaming studios generate engagement in their games while saving the costs and development time to create such infrastructure.
SmartCredit.io
Next on the list is Estonian SmartCredit.io, a DeFi startup developing a non-custodial, web3-based borrowing and lending platform. Their decentralized global peer-to-peer lending marketplace connects lenders and borrowers without intermediaries. Lenders offer their funds to borrowers on the global marketplace. They also offer disruptive financial products such as Crypto Fixed Income Funds, for assets with passive income, Crypto Loans with low collateral ratios, and rewards for token staking.
Devium
Devium is a Turkish web3-based software development platform, that offers innovative post-development source code licensing and ownership solutions. Their Devium marketplace allows developers to own and monetize their source code, licensing it and selling it as an NFT, whilst maintaining decentralized operational capabilities and offering benefits such as Distributed Version Control System, project management tools, permanent storage, code hosting for both web2 and web3 projects as well as security and privacy.
CryptoMate
Lithuanian CryptoMate is a solution for crypto-based infrastructure and Web3 BI tools, that allow other companies to explore and integrate their business opportunities in the crypto economy, the metaverse and Web3. Their APIs allow companies to engage in crypto transactions on a global scale, whilst bridging the gap between onboarding business web2 to web3. They offer easy-to-use APIs with simple and secure crypto-fiat experiences as well as a cross-border payments and a user-friendly dashboard.
Neptune Mutual
UK-based Neptune Mutual is a blockchain cover protocol that safeguards the Ethereum community from cyber threats to contemporary financial products. Its aim is to reduce the customer's exposure to crypto market risks by ensuring payouts from their parametric cover model as well as protecting them from exchange hacks & dApp, DeFi, and smart contract exploits.
RedStone Finance
Polish Redstone Finance is a DeFi platform that aims to improve connectivity between blockchains. The startup offers two data-focused products: RedStone Oracles - which deliver price data feeds covering long tail tokens, Forex, commodities and much more & Warp Contracts, a modular Smart Contract platform.
Tokapi NFT Marketplace
Tokapi is a Portugal-based marketplace that allows for easy NFTs transactions, without any previous knowledge of blockchain needed. It is also directed toward creators that want to create NFTs for their digital creations to eliminate counterfeits and generate new income streams. Tokapi is fully regulated and takes care of the whole technical side of the process.
PlanetWatch
PlanetWatch is a French startup, developing a Web3-based process for collecting environmental data regarding air pollution, from a worldwide community of sensor owners. Their aim is to raise standards of environmental monitoring, decentralize and incentivize it, disrupting the way air quality data is monitored and accessed nowadays. Their innovative approach to air quality monitoring leverages a new generation of fixed and mobile sensors and the direct participation of the population to rapidly deploy, on-demand and at low cost, a dense surveillance network whose data can be released in real-time.
anotherblock
anotherblock is a marketplace for music NFTs, released by the world’s top tier artists. On the platform developed by this Swedish startup, the music owners can sell NFTs containing a share of the streaming royalty rights to the song, which later on can be bought by clients - as they effectively become co-owners of the tracks.
TransferChain
TransferChain is a Swiss startup with a mission to redefine what it means to store data safely and securely. Their solution enables users to store, process, and share data while ensuring its privacy and security, thanks to the cloud, blockchain, and cryptography technologies. It is directed both to customers as well as to businesses, that can store their client's encrypted data on decentralized networks, which cannot be accessed by anyone else, making it almost impossible to decipher any exposed data. Moreover, all user access and file-sharing activities are kept unaltered and indelible, maintaining a transparent and verifiable history of information.
Carchain
This Italian startup Carchain utilizes blockchain technology and IoT to create a digital ID for a car - a car’s digital twin, as they call it. The company enables car owners and manufacturers to securely store vehicle records on the blockchain via NFTs in the form of uneditable data relating to its history and life cycle, making the second-hand and classic car market more transparent, reliable, and liquid.
Unova
Last, but not least our list concludes with Unova, a Belgian startup developing a Web3 infrastructure for supply chain and real-world asset use cases. Their blockchain network utilizes the Web3 data distribution privacy protocol and multi-layer architecture for privacy-enabled data distribution clusters and cross-cluster distribution capabilities. It leverages its own blockchain, native cryptocurrency, smart contracts, and dApps to distribute data built on Web3 in a new way.
Related Posts:
Early-Stage FinTech Startups To Keep On The Radar (by Ilya Mikhalchyk-Kananenka, Community Builder, Vestbee)
AWS Web3 Challenge For Innovative Web3 Startups (by Katarzyna Groszkowska, Editor, Vestbee)
TOP 100 Innovative Companies From CEE Startup Challenge (by Agata Szewczykowska, Vestbee)
