Yesterday Coinbase released a report on the corporate adoption of crypto. It found that 52% of the Fortune 100 have pursued crypto, blockchain or web3 initiatives since 2020. A separate survey found that 83% have initiatives or are planning them. However, that figure is based on executives that are already crypto or blockchain savvy, so there’s an element of self-selection. Coinbase is upfront about that.
A light analysis reveals a more nuanced take on the 52%. Our quick review indicated 80% of the top 20 in the Fortune 100 have adopted blockchain. The split was 65% enterprise blockchain, 15% web3 and crypto. That 15% are active in both.
The Coinbase report’s title is “The state of crypto: corporate adoption” despite the fact it covers crypto, web3 and blockchain. More accurately it is “The state of corporate adoption of blockchain.”
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