Emerging Blockchain Startups Revolutionising the Welsh Tech Scene

January 23, 2024

The UK blockchain ecosystem is witnessing an exciting rise in startup activity, especially those headquartered in Wales. These startups are pushing the boundaries of the blockchain frontier with unique business models, innovative solutions, and ground-breaking technology. They represent some of the best in their industries, from fintech to web development, renewable energy, and beyond. This article highlights a few of these aspiring newcomers, all of which were set up in 2020 or later.

All of these companies are utilizing blockchain to revolutionize their respective industries. By leveraging the power of blockchain, these new companies can create more transparent, secure, and efficient systems. As such, blockchain is increasingly seen as a key technology for the future. Equally, these startups are playing a pivotal role in the economic development of Wales, creating jobs and contributing to the growth of the local economy.

In showcasing these companies, we aim to not only spotlight their successes, but also inspire and encourage other potential founders to take the leap into entrepreneurship and starting a business in Wales. Here follows an overview of some of the most promising blockchain startups founded from 2020 onwards and headquartered in Wales.

OctoFi

Founded by blockchain enthusiasts – Octavius Octavius and OG OG, OctoFi is a company that operates at the intersection of blockchain, fintech, and developer platforms. Though it has not disclosed many details regarding its operations, the firm is definitely one to watch in the blockchain space. Follow them on Twitter.

FAMEEX

Established in 2020, FAMEEX is a high-performance cryptocurrency exchange platform. The company provides spot trading, margin trading, derivatives, and a built-in quantitative trading bot. Its mobile-friendly platform supports various digital currencies and maintains 24/7 multi-language customer support. You can find them on Twitter, Facebook, and LinkedIn.

RedBelly Network

A part of the software and web development industry, RedBelly Network taps into the transformative power of blockchain. The company is active on social media, and you can follow their updates on Twitter, Facebook, and LinkedIn.

AIRSOLAR Capital

Co-founded by Geoffrey Brown, AIRSOLAR Capital specializes in blockchain, lending, and renewable energy. The company has an ambitious plan to become a digital bank that provides concessional digital smart loans to utility-scale renewable energy projects worldwide. You can connect with them on Twitter and LinkedIn.

Aus Merchant

Aus Merchant provides various financial services that integrate with blockchain. They also provide a unique wealth management portal for their clients. Follow their latest updates on Twitter, Facebook, and LinkedIn.

Xchainge

Co-founded by Eoin Tarleton and James Cronan, Xchainge operates within the blockchain, fintech, and payment sectors. Stay connected with their updates on LinkedIn.

Sidus Heroes

Founded by Dan Khomenko and Roman Povolotski, Sidus Heroes operates in the exciting intersection of blockchain, cryptocurrency, and online gaming. Learn more about them on Twitter, Facebook, and LinkedIn.

prePO

Founded by Xavier Ekkel, prePO is a decentralized trading platform that allows anyone, anywhere to speculate on the value of any pre‑IPO company or pre‑token project. Keep up to date with their news on Twitter, Facebook, and LinkedIn.

Verida

Co-founded by Chris Were and Ryan Kris, Verida provides the technology and tools to unlock data stored on centralized platforms. The company is using decentralized single sign-on, consensual data sharing, and profile management. Follow them on Twitter and LinkedIn.

Avocado Guild

Fully embracing the power of play-to-earn model, Brendan Wong, co-founder of Avocado Guild, is pioneering in blockchain gaming. Avocado Guild incorporates NFTs in their game designs. Follow their journey on Twitter, Facebook, and LinkedIn.

The Red Village

The Red Village is an exciting new entry in the world of blockchain gaming. They are committed to redefining blockchain gaming with their dark-fantasy play-and-earn game. You can find more details of their adventure on Twitter.

While these companies vary greatly in terms of size, industry focus, and objectives, they all share a keen interest in leveraging blockchain technology to disrupt their marketplaces. No doubt, they will continue to make meaningful contributions to the blockchain space in the years ahead.

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