Cardano is Named Among CV VC Top 50 Projects in Blockchain
The Cardano Foundation is delighted to share that Cardano has once again been featured as one of the Top 50 blockchain projects by Switzerland’s Crypto Valley VC (CV VC). The report, released on 4 March 2021, is an industry-recognized insight into the blockchain space.
The CV VC is an early-stage venture capital investor with a focus on projects building in the Swiss canton of Zug and Lichtenstein, areas that have earned the collective title ‘Crypto Valley’ for their wealth of innovative blockchain companies and start-ups.
Produced for the second half of 2020, the report examines a wide range of distributed ledger technology projects with a presence in Switzerland, judging projects on their growth, valuation, funding, and future outlook.
Produced in collaboration with Big Four professional services firm PwC and Inacta, this 6th edition of the CV VC Top 50 gives an insight into the growth of blockchain in spite of the global challenges we faced during 2020. Core areas of growth included the rise of non-fungible tokens (NFTs), track and trace solutions, supply-chain tracking, and also decentralized finance.
Interestingly, CV VC notes that overall 2020 was a year of record growth for the blockchain industry, particularly for those projects based in Crypto Valley, in contrast to other sectors which faced tough restrictions in a new COVID-dominated environment.
We are now pleased to share with our community some of the features which earned Cardano its place among the Top 50 for the fourth year running—which also included a place as the region’s second-largest unicorn blockchain protocol.
Cardano recognized for staking rollout and supply chain tracking
The CV VC report noted the roll-out of staking and delegation through Shelley in mid-2020, and also made mention of Cardano’s latest feature, native tokens. The report also detailed the naming of our new CEO, Frederik Gregaard, during the latter half of 2020, and noted our successful Shelley virtual summit last July.
Referring to Cardano’s position in the market, CV VC also named Cardano as the second largest ‘unicorn’ Swiss blockchain project—those projects with a market capitalization exceeding US$1bn. There are just 11 such projects in Crypto Valley. Interestingly, CV VC notes that all of the unicorn projects are protocols, like Cardano—blockchain platforms on which to build decentralized infrastructure.
Concluding, the CV VC Top 50 report claimed that Cardano had made significant progress in pursuing supply chain solutions. This is reflected in the work the Cardano Foundation has been involved in with Scantrust, a leading supply chain technology provider. Scantrust’s use of Cardano transaction metadata in association with Georgian wine producer Baia’s Wines is the first-ever live commercial use of Cardano.
We would like to thank CV VC Top 50 for their recognition of Cardano and all of the hard work and milestones our team and ecosystem partners achieved during 2020. We hope to see Cardano—and perhaps even some of the projects building on Cardano—highlighted in their next report.
You can read the report here.
Learn more about the Cardano Foundation’s regulatory and enterprise outreach here: