Crypto founders included in Forbes 30 under 30 despite market downturn by DailyCoin

Crypto founders included in Forbes 30 under 30 despite market downturn
  • Crypto founders and executives make the cut despite a dismal year for crypto.
  • and creators are included.
  • Around a third were associated with crypto.

Even though 2022 was a bad year for the cryptocurrency industry as a whole, some executives and founders are still being honored for their immense contributions.

Several crypto CEOs and corporate entrepreneurs have made it onto Forbes’ newly announced 30 under 30 list for the fintech industry.

Ham Serunjogi, the creator of an African money transfer app, featured on the 2023 cover. Additionally, Forbes celebrated the contributions of numerous pioneers in the crypto community.

The companies on the list cover the entire spectrum of the financial sector, from the most conventional to the most innovative technologies such as cryptocurrency and distributed ledgers. There were over a thousand nominees, but only 30 were selected. And no, Sam Bankman-Fried didn’t make it this time!

Among the judges was David Vélez, CEO of Brazilian online bank Nubank and co-founder of the company. The top 30 were selected in part by Alex Atallah, co-founder of non-fungible token (NFT) marketplace OpenSea.

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Crypto founders never stop building BUIDL

Last year, Forbes reported that the value of cryptocurrencies fell by 70 percent. Nonetheless, it recognized the industry’s pioneers and leaders for their efforts throughout the year.

Hayden Adams, founder of Uniswap, made the list at the age of 28. Its launch in 2018 of a decentralized platform for trading and exchanging tokens was a huge success. Since its inception, Uniswap has processed more than $1 trillion in trading volume.

Avalanche co-founder Kevin Sekniqi is also on that elusive list. Despite the weakening bear market, the high-throughput blockchain has also seen tremendous success.

Eva Beylin, director of the Graph Foundation, and Ria Bhutoria, partner at Castle Island Ventures, were two other notable women in crypto to make the list. Arjun Bhuptani and Layne Haber, who founded Connext Labs, were also named, as was Jump Crypto’s Kanav Kariya.

The list also includes Sam Kazemian, founder of Frax Finance, Victor Faramond, founder of MoonPay, and Blockchain Capital’s Kinjal Shah.

On the flip side

  • During the 2022 crypto crash, major digital assets lost almost all of their gains. This is due to a series of high-profile crashes.
  • Exchanges FTX and FTX.US submitted Chapter 11 bankruptcy filing on November 11, 2022. BlockFi has filed for bankruptcy on Nov. 28 as part of the ongoing fallout from FTX contagion.
  • When TerraUSD and LUNA both crashed in May 2022 many Crypto platforms went down.
  • Falling prices can also be attributed to the impact of rising interest rates.

Why you should care

Three out of ten financial technology companies mentioned deal with cryptocurrencies. Despite the bleak year, this has given the cryptocurrency sector more credibility. Most of the names on the list come from the investment banking or VC industry.

Read more crypto market news:

Supply falls $2 billion as it rises

Online bridge games include Web3

See original on DailyCoin

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