Coinbase: More than half of the Fortune 100 companies are developing blockchain plans to maintain a competitive edge

ChainCatcher news, according to a report from CoinBase, shows that more than half (52%) of the Fortune 100 companies have pursued cryptocurrency, blockchain, or web3 initiatives since 2020. Among the Fortune 100 reported since 2022, about 60% of the initiatives are in the pre-launch phase or have already been launched. 83% of Fortune 500 executives familiar with cryptocurrency or blockchain stated that their companies either have current initiatives or are planning them.

Since 2017, Fortune 100 companies have made a total of 109 private venture capital investments in 80 crypto blockchain startups, with a total amount exceeding $8 billion in rounds participated. The average initiative or project budget for Fortune 500 companies in 2023 is close to $5.8 million.

The report also notes that if the U.S. continues on its current path of enforcement and regulation, it could lose 1 million Web3 development jobs and 3 million related non-technical jobs by 2030. (Source link)