- A Coinbase report notes that as of 2020 52% of Fortune 100 corporations are concerned in cryptocurrency, blockchain or web3 initiatives.
- Practically 60% of Fortune 100 initiatives introduced since 2022 are within the pre-launch or launch stage.
- 83% of Fortune 500 executives surveyed have or plan to implement cryptocurrency/blockchain initiatives.
Crypto change large Coinbase has revealed analysis performed in collaboration with The Block. The examine revealed that greater than half, i.e. 52% of the Fortune 100 corporations, as of 2020 concerned in cryptocurrency, blockchain or web3 initiatives.
In line with a weblog revealed by the change, among the many initiatives introduced from 2022 of startups reported by Fortune 100 corporations, practically 60% are both pre-launch or already launched.
From a broader perspective, the examine additionally reported that 83% of Fortune 500 executives surveyed who have already got information of cryptocurrency or blockchain stated their corporations presently have or plan to implement initiatives.
Coinbase additionally famous that these corporations have recognized a must modernize conventional international monetary techniques and that blockchain is a important answer to the issue. 64% of surveyed Fortune 500 executives accustomed to cryptocurrency or blockchain emphasize the significance of investing in these applied sciences as a way of sustaining a aggressive edge over rivals.
Moreover, Coinbase’s report on web3 adoption in enterprise America revealed that Fortune 100 know-how, monetary providers, and retail corporations are main the best way in cryptocurrency, blockchain, and web3 adoption, accounting for practically 75% of initiatives since in 2020 of the primary quarter.
On the identical time, these corporations from 2017 invested greater than 8 billion USD to 109 web3 startups. In the meantime, the typical price range for Fortune 500 initiatives in 2020 was amounted to roughly 5.8 million USD.
In a analysis survey, Coinbase discovered that blockchain is on the coronary heart of company innovation, with 77% of Fortune 500 professionals saying blockchain can enhance international monetary techniques.
Lastly, Coinbase’s report indicated that unsupported cryptocurrency regulation within the US has elevated the danger of shedding 1 million web3 developer jobs. As well as, 3 million non-technical Web jobs are additionally in danger from different nations. The US’s share of World Huge Internet 3 growth has depreciated from 40% to 29% over the previous six years.
