Blockchain Coinvestors, a blockchain venture fund-of-funds and co-investment program with a combined portfolio of more than 1,250 such enterprises and projects (including more than 110 blockchain unicorns) this week unveiled its bi-annual Meet the Blockchain Unicorns, a comprehensive list of unicorns – including private enterprises and tokenized crypto projects.
“The world’s largest innovation economy just went pro-crypto, and the expectation is that the new US administration will foster a flourishing landscape for digital assets. The explosive tokenized value creation we’re seeing now reflects global markets pricing in that expectation,” said Topher Nelson, head of digital asset research at Blockchain Coinvestors. “This substantial value accretion in the second half of 2024 is only the beginning.”
According to the report, blockchain enterprises and tokenized crypto project unicorns now comprise more than 17% of the world’s 1,407 unicorn companies, with a total of 237. There are now 111 enterprise unicorns, 126 crypto project unicorns and a 29 publicly traded blockchain companies.
North America houses the largest number of blockchain enterprise unicorns at 62, followed by Asia, and Europe, with 17 and 16 apiece. Central America follows with six, and Africa and the Middle East each have three.
“Blockchain adoption and utility is now at an inflection point,” said Matthew Le Merle, managing partner at Blockchain Coinvestors. “With nearly one in five unicorns globally leveraging (that) technology, we are witnessing the digitalization of value at a scale never seen before. What was once considered niche is now driving global markets, and the proliferation of unicorns signals that (this) transformative era is well underway.”
The company uses proprietary data sources including its portfolio database tracking its venture fund-of-funds to track emerging unicorns. It said that eputable secondary market trading and private rounds are also considered in creating the world’s most comprehensive, up-to-date list of blockchain unicorns. For crypto project valuations, the company utilizes the latest data from CoinStats.