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12 Innovative Australian Crypto Companies in 2022

Crypto Companies in Sydney Australia

Australia has a vibrant web3, crypto and blockchain ecosystem, with increasing adoption and many crypto companies leading the charge. An Independent Reserve survey of 2,000 Australians found that 28.8% of respondents own or have owned cryptocurrencies as of December 2021. Crunchbase lists over 200 companies in cryptocurrency industry in Australia.

Here are 12 web3, crypto and blockchain companies to know in Australia, ranging from gaming and decentralised finance (DeFi) to Bitcoin mining and carbon credits.

Immutable

Immutable was founded in 2018 by James Ferguson, Robbie Ferguson and Alex Connolly. Immutable consists of Immutable X and the Game Studio. Immutable X positions itself as the first Layer 2 scaling solution for NFTs on Ethereum, which allows for near-zero gas fees and over 9,000 transactions per second. The Immutable Studio creates games on blockchain technologies, including Gods Unchained and Guild of Guardians. $IMX is the native token of Immutable X.

Immutable most recently raised Series C funding of $200 million in March 2022 at a valuation of $2.5 billion, from Temasek Holdings, Tencent, Prosus Ventures, Princeville Capital, Possible Ventures, ParaFi Capital, Mirae Asset Capital, Liberty Global, King River Capital, Fabric Ventures, Declaration Partners, Crowd Venture Capital, Arrington XRP Capital, Animoca Brands, Alameda Research and AirTree Ventures.

Employees: 261 (LinkedIn as of 16 June 2022)

Links: Website | Twitter | LinkedIn | Careers

See Immutable’s current open roles on Apollo Jobs.

STEPN

STEPN was founded in 2021 by Jerry Huang and Yawn Rong. STEPN offers a blockchain-based “move2earn” fitness app. It works by letting users purchase NFT Sneakers which can be used to earn tokens by walking, running or jogging. STEPN is built on Solana and Binance Smart Chain. STEPN has a dual token system with Green Satoshi Token ($GST) used for rewards and Green Metaverse Token ($GMT) used as a governance token.

STEPN most recently raised seed funding of $5 million in January 2022 from Sequoia Capital, Folius Ventures, Solana Capital, Alameda Research, 6th Man Ventures, DeFi Alliance, M13, Corner Ventures, Sfermion, Zee Prime Capital, Lemniscap, Spark Digital Capital, MorningStar Ventures, Openspace Ventures, Solar Eco Fund and WelinderShi Capital.

Employees: 31 (LinkedIn as of 16 June 2022)

Links: Website | Twitter | LinkedIn

Avocado Guild

Avocado Guild or Avocado DAO was founded in 2021 by Brendan Wong and Sir Gregory (pseudonym). Avocado Guild is a blockchain gaming guild. They purchase in-game items and lend them out to play-to-earn game players in return for a share of the rewards earned by the players. $AVG is the native token of Avocado Guild.

Avocado Guild most recently raised Series A funding of $18 million in November 2021 from Animoca Brands, Solana Ventures, Three Arrows Capital, Golden Tree Management, Hashed, Binance Smart Chain Fund and others.

Employees: 16 (LinkedIn as of 16 June 2022)

Links: Website | Twitter | LinkedIn

Banxa

Banxa was founded in 2014 by Domenic Carosa. The current CEO is Holger Arians. Banxa is a publicly listed payments and compliance infrastructure provider, enabling the purchase of cryptocurrencies using traditional currencies.

Banxa most recently raised CAD$15 million of funding in November 2021 via an IPO on the Canadian Stock Exchange at a valuation of CAD$150 million.

Employees: 179 (LinkedIn as of 16 June 2022)

Links: Website | Twitter | LinkedIn | Careers

Synthetix

Synthetix was founded in 2017 by Kain Warwick. Synthetix is a protocol for the issuance of synthetic assets, digital assets which represent real-world assets such as gold, silver and fiat currencies and track the returns without requiring you to hold that asset. $SNX is the native token of Synthetix.

Synthetix most recently raised $12 million in funding in February 2021 from Coinbase Ventures, Paradigm and IOSG.

Employees: 29 (LinkedIn as of 16 June 2022)

Links: Website | Twitter | LinkedIn | Careers

Iris Energy

Iris Energy was founded in 2016 by Daniel Roberts and Will Roberts. Iris Energy position themselves as a sustainable Bitcoin miner, operating data centres that mine Bitcoin using hydroelectricity. They are publicly listed on Nasdaq.

Iris Energy most recently raised $71 million in March 2022 via debt from NYDIG.

Employees: 58 (LinkedIn as of 16 June 2022)

Links: Website | Twitter | LinkedIn

Maple Finance

Maple Finance was founded in 2020 by Joe Flanagan and Sidney Powell. Maple Finance is a marketplace for corporate debt, allowing institutions to borrow from Liquidity Pools funded by the DeFi ecosystem. Loans are managed and underwritten by a team of credit analysts known as Pool Delegates. $MPL is the governance token of the Maple Protocol.

Maple Finance most recently raised $1.4 million in March 2021 from Polychain and Framework Ventures.

Employees: 38 (LinkedIn as of 16 June 2022)

Links: Website | Twitter | LinkedIn | Careers

Block Earner

Block Earner was founded in 2021 by Charlie Karaboga and Jordan Momtazi. Block Earner aims to provide a user friendly interface to access the high yields of decentralised finance, using leading yield platforms such as Aave and Compound.

Block Earner most recently raised seed funding of AUD$6.5 million in March 2022 from Framework Ventures, Coinbase Ventures and others.

Employees: 31 (LinkedIn as of 16 June 2022)

Links: Website | Twitter | LinkedIn | Careers

Virtually Human Studio

Virtually Human Studio was founded in 2019 by Chris Ebeling, Chris Laurent, Geoffrey Wellman and Rob Salha. Their main project is ZED RUN, an NFT project which enables users to become stable owners who can buy, breed and race digital racehorses.

VIrtually Human Studio most recently raised Series A funding of $20 million in July 2021 from TCG, Andreessen Horowitz and Redbeard Ventures.

Employees: 133 (LinkedIn as of 16 June 2022)

Links: Website (ZED RUN) | ZED RUN Twitter | LinkedIn | Careers

DigitalX

DigitalX was founded in 2014 by Alex Karis. DigitalX is listed on the Australian Stock Exchange and offers a variety of different technology products. Its asset management division offers exposure to digital assets such as Bitcoin in a traditional fund structure. Its product development division offers the development of blockchain-enabled products for clients, including prototyping and building.

DigitalX most recently raised AUD$8.8 million in March 2021 from US institutional investors.

Employees: 30 (LinkedIn as of 16 June 2022)

Links: Website | Twitter | LinkedIn | Careers

BetaCarbon

BetaCarbon was founded in 2021. BetaCarbon offers a digital token linked to Australian Carbon Credit Units. $BCAU is the native token, with each one representing 1kg of carbon captured.

BetaCarbon most recently raised seed funding of AUD$3 million in January 2022 from Tribeca Investment Partners and Twynam Agricultural Group.

Employees: 17 (LinkedIn as of 16 June 2022)

Links: Website | Twitter | LinkedIn

Trovio

Trovio (formerly InfiniGold) was founded in 2017. Trovio offers blockchain advisory services, asset management products (funds which offer exposure to the blockchain ecosystem) and technology solutions relating to commodities.

Trovio most recently raised Series B funding of AUD$6.3 million in February 2022 from Blockchain Valley Ventures, Amherst Holdings and others.

Employees: 32 (LinkedIn as of 16 June 2022)

Links: Website | Twitter | LinkedIn


Note: All currency units are in USD unless otherwise stated. I’ve only included companies which are predominantly web3, crypto or blockchain; venture capital backed or publicly listed; have received some sort of funding over the past 2 years; and headquartered in Australia. Contact us if there is any incorrect information and we can correct it.

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