Mapping out the blockchain unicorns

Since 2018, The Block Research has been observing and analyzing the digital assets sector. At times and even today, the industry has been referred to as nascent. However, the development and progression of later-stage companies over the past couple of years show signs of maturation. 

The increasing frequency of later stage rounds has resulted in at least 64 companies in the blockchain/crypto sector reaching unicorn status or a firm with a valuation of $1 billion or more. In October 2019, the research firm Huran found a total of 11 unicorns in the blockchain industry. Over two years, there has been nearly a 482% increase in the number of companies reaching unicorn status.