DailyCoin
Published Mar 03, 2022 08:00AM ET
Updated Mar 03, 2022 08:31AM ET
Index Cooperative Named to the 2022 CB Insights Blockchain 50 — List of Most Innovative Blockchain Startups
CB Insights today named Index Cooperative to its second annual Blockchain 50, which showcases the 50 most promising blockchain and crypto companies in the world.
The 2022 Blockchain 50 cohort has raised $17.1B in aggregate funding across over 200 deals since 2016 and includes startups at different investment stages of development, from early-stage companies to well-funded unicorns.
"2021 was the year blockchain entered our mainstream vocabulary," said Brian Lee, SVP of CB Insights’ Intelligence Unit.
"It powers some of our most innovative and cutting-edge technologies. Last year, we saw incredible success from the Blockchain 50 winners. This year, included among the winners we have 31 unicorns, 41 mega-rounds, and representation from 15 countries. We're excited to follow their journeys and see their success in 2022." "We're delighted to be recognized by CB Insights," said Mike Taormina, Head of Institutional Business at Index Cooperative.
"This is a testament to the innovative decentralized products that blockchain technology enables." Through an evidence-based approach, the CB Insights research team selected the Blockchain 50 from a pool of over 3,000 companies, including applicants and nominees. They were chosen based on several factors, including data submitted by the companies, company business models and momentum in the market, and Mosaic scores, CB Insights’ proprietary algorithm that measures the overall health and growth potential of private companies.
The Index Cooperative powers decentralized products that help users access cost-effective, passive exposure to key crypto themes like decentralized finance, the Metaverse, and data/blockchain infrastructure. The Cooperative’s flagship product, the DeFi Pulse Index ($DPI), is a basket of DeFi governance tokens for protocols such as Uniswap, Aave, Compound, SushiSwap, and Yearn. Users can self-custody the product and mint/redeem tokens in exchange for the underlying components.
Since its founding in late 2020, the Index Cooperative has made considerable progress:
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