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Five Aussie crypto startups that you should be paying attention to

By Annabelle Simpson
April 27, 2022 0

Despite our comparatively small population, the Aussie crypto startup scene holds its own on the global stage. Entrepreneurship is in Australian DNA and crypto and Web3 is the new frontier for our business pursuits. Here are just five of many Web3/Blockchain/Crypto/NFT enterprises that you are going to start seeing a lot more of in the months and years ahead.

  1. Immutable

In early March, Immutable gained entry to the Aussie unicorn club after closing a $280 million funding round. Immutable started off in Web3 games and has expanded to emerge as a big player globally in the NFT marketplace game. Founded only four years ago by two brothers, Robbie and James Ferguson, big things are expected for this startup.

  1. Mycelium 

Mycelium is the developer behind a number of exciting Web3 projects that have raised millions of dollars in funding. From DeFi projects to building out the trust infrastructure the team at Mycelium are at the cutting edge of Web3 development. Cofounders Ash Morgan, Pat McNab and Ray Mogg are all alumni of the University of Queensland.

  1. Minke 

Minke is a promising new Web3 business that has just completed the Startmate summer program. Minke is a DeFi application that is giving retail investors access to the DeFi products. Minke has reportedly just raised $650,000 in pre seed funding.

  1. Alpha Wallet

Alpha Wallet is the only self-custodial wallet that is 100% open source. Founded in late 2017 the business has reportedly raised over $2 million in seed funding. 

  1. Synthetix

Synthetix is a new financial primitive enabling the creation of synthetic assets, offering unique derivatives and exposure to real-world assets on the blockchain. Founder of Synthetix, Kain Warwick is a well known crypto entrepreneur and has reportedly raised in excess of $40 million for the business.


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