<p>Gone are the days when cryptocurrencies were a niche market dominated by tech-savvy traders and developers. Today, the crypto industry is a global powerhouse that can move markets and shape regulation, and Portugal is one of the countries leading the charge. </p><p>Despite facing economic stagnation and a struggle to retain young talent, the rise of blockchain technology has completely transformed the tech and business landscape of the country.</p><p>In the past decade, the creation of cryptocurrencies has been a black swan event for Portugal, helping to combat unemployment and instill a sense of ambition into the nation's young people. Entrepreneurs in Portugal are now able to create new businesses and access a global market without facing the restrictions that traditional businesses face, making a significant impact on the country's economic landscape.</p><p>The crypto industry in Portugal is now filled with a diverse range of experts, from bankers and analysts to lawyers, psychologists, and marketers. This has created a strong support system for new companies looking to enter the blockchain space, allowing Portuguese entrepreneurs to succeed based solely on their talent and effort.</p><p>The rise of blockchain technology has not only benefited Portugal but has also become a powerful tool for people worldwide to challenge traditional systems and address inequality. The success of the crypto industry in Portugal is a testament to the potential this technology has to change the world and create new opportunities for entrepreneurs.</p><p>Joining forces with the leading European blockchain accelerator, <a href="https://www.masterblox.io/" target="_blank">Masterblox</a>, we conducted in-depth research into Portugal's web3 ecosystem. In order to generate accurate results for this research, we limited our scope by requiring one of two criteria be met. </p><h4>Criteria</h4><ul><li>Having HQ in Portugal, or;</li><li>Having at least one Portuguese founder.</li></ul><p>Nonetheless, it is clear that the global Portuguese web3 ecosystem is far more expansive than what was documented here.</p><h3>Web3 companies listed by sector</h3><p><img src="https://taikai.azureedge.net/3FsJc5G1T7ApCVEL7IzmGumBbjs7_Lfc5VfBDpjDxsk/rs:fit:800:0:0/aHR0cHM6Ly9zdG9yYWdlLmdvb2dsZWFwaXMuY29tL3RhaWthaS1zdG9yYWdlL2ltYWdlcy9hYjUxZmQ1MC1iZWEyLTExZWQtYmVhOC04OTQ2NGJhNmUzMjBwb3J0dWd1ZXNlIHdlYjMgZWNvc3lzdGVtIDIwMjMucG5n" style="width:800px" class="fr-fic fr-dib" /></p><h3>Investment, Wallets &amp; Payments</h3><ul><li><a href="https://utrust.com/" target="_blank">Utrust</a></li><li><a href="https://www.pizzawallet.io/" target="_blank">Pizza Wallet</a></li><li><a href="https://www.lympid.io/" target="_blank">Lympid</a></li><li><a href="https://app.pulsar.finance/" target="_blank">Pulsar Finance</a></li><li><a href="https://revault.dev/" target="_blank">Revault</a></li><li><a href="https://publicmint.com/" target="_blank">Public Mint</a></li><li><a href="https://criptoloja.com/" target="_blank">CryptoLoja</a></li><li><a href="https://www.sandclock.org/" target="_blank">Sandclock</a></li></ul><h3>Accelerators &amp; VCs</h3><ul><li><a href="https://www.masterblox.io/" target="_blank">Masterblox</a> </li><li><a href="https://www.lightshift.capital/" target="_blank">LightShift Capital</a></li><li><a href="https://www.sumcap.xyz/" target="_blank">SumCap</a></li><li><a href="https://cleverw3b.com/" target="_blank">CleverWeb3</a></li><li><a href="https://polkastarter.com/" target="_blank">Polkastarter</a></li><li><a href="https://www.startuplisboa.com/" target="_blank">StartupLisboa</a></li></ul><h3>Infrastructure</h3><ul><li><a href="https://bepro.network/" target="_blank">Bepro Network</a></li><li><a href="https://walletconnect.com/" target="_blank">Wallet Connect</a></li><li><a href="https://starkexpress.io/" target="_blank">StarkExpress</a></li><li><a href="https://www.anchorage.com/" target="_blank">Anchorage</a></li></ul><h3>NFTs, Gaming &amp; Metaverse</h3><ul><li><a href="https://dotmoovs.com" target="_blank">DotMoovs</a></li><li><a href="https://www.exeedme.com/" target="_blank">Exeedme</a> </li><li><a href="https://www.exclusible.com/" target="_blank">Exclusible</a></li><li><a href="https://www.realfevr.com/" target="_blank">RealFevr</a></li><li><a href="https://voltgames.io/" target="_blank">Volt Games</a></li><li><a href="https://tokapi.com/" target="_blank">Tokapi NFT</a></li><li><a href="https://crowdclass.com/" target="_blank">Crowdclass</a></li><li><a href="https://www.zharta.io/" target="_blank">Zharta</a></li></ul><h3>Compliance, ID &amp; Analytics</h3><ul><li><a href="https://cryptologic.ai/" target="_blank">Cryptologic</a></li><li><a href="https://wallid.io/" target="_blank">WallID</a></li></ul><h3>Social</h3><ul><li><a href="https://taikai.network/en" target="_blank">TAIKAI</a></li><li><a href="https://www.talentprotocol.com/" target="_blank">Talent Protocol</a></li><li><a href="https://twitter.com/DeNitesDAO" target="_blank">DeNitesDAO</a></li><li><a href="https://www.polkamarkets.com/" target="_blank">Polkamarkets</a></li><li><a href="https://yacooba.com/" target="_blank">Yacooba</a></li></ul><h3>Development</h3><ul><li><a href="https://layerx.xyz/" target="_blank">LayerX</a></li><li><a href="https://subvisual.com/" target="_blank">Subvisual</a></li><li><a href="https://threesigma.xyz/" target="_blank">Three Sigma</a></li><li><a href="https://finiam.com/" target="_blank">Finiam</a></li><li><a href="https://pinkroom.dev/" target="_blank">Pink Room</a></li><li><a href="https://www.invisiblelab.dev/" target="_blank">Invisible Lab</a></li><li><a href="https://appliedblockchain.com/" target="_blank">Applied Blockchain</a></li></ul><h3>Branding &amp; Advertising</h3><ul><li><a href="https://www.ondastudio.co/" target="_blank">Onda Studio</a></li><li><a href="https://burocratik.com/" target="_blank">Bürocratik</a></li><li><a href="http://spherelephant.com" target="_blank">Sphere Elephant</a></li></ul><h3>Cybersecurity</h3><ul><li><a href="https://consensys.net/diligence/" target="_blank">Consensys Diligence</a></li></ul><h3>Exchanges &amp; Custody</h3><ul><li><a href="https://lusodigitalassets.com/" target="_blank">Luso Digital Assets</a></li><li><a href="https://www.bisondigital.com/" target="_blank">Bison Digital</a></li></ul><h3>Impact &amp; Charity</h3><ul><li><a href="https://www.impactmarket.com/" target="_blank">ImpactMarket</a></li><li><a href="https://givin.io/" target="_blank">GIVIN</a></li></ul><h3>Coworking &amp; Hubs &amp; Community</h3><ul><li><a href="https://www.workin.pro/dehouse" target="_blank">DeHouse</a></li><li><a href="https://hub.poolside.co/" target="_blank">Poolside Hub</a></li></ul><h3>Local Conferences</h3><ul><li><a href="https://websummit.com" target="_blank">WebSummit</a> </li><li><a href="https://solana.com/breakpoint" target="_blank">Solana BreakPoint</a></li><li><a href="https://www.ethlisbon.org/" target="_blank">ETHLisbon</a></li><li><a href="https://ethporto.org/" target="_blank">ETHPorto</a></li><li><a href="https://www.nonfungibleconference.com/" target="_blank">NFC</a></li><li><a href="https://www.epicweb3.com/" target="_blank">Epic Web3</a></li><li><a href="https://nearcon.org/" target="_blank">Nearcon</a></li><li><a href="https://www.zksummit.com/" target="_blank">ZKSummit</a></li><li><a href="https://twitter.com/coimblockchain?lang=en" target="_blank">Coimbra.Blockchain</a></li><li><a href="https://twitter.com/BragaBlockchain" target="_blank">Braga.Blockchain</a></li></ul><p><br /></p><p>Portugal's transformation from an underdog to a tech leader in the crypto industry is a story of possibility, ambition, and the power of blockchain technology. </p><p>We're excited to see what the next 5 years will bring and how the ecosystem will change and grow. Stick with us on the journey! 🚀</p><h3>About LayerX</h3><p><a href="https://layerx.xyz/" target="_blank">LayerX</a> connects web3 developers and organizations through hackathons and bounties, bringing together talent and opportunities to create innovative solutions. </p><p>Our hackathon platform, <a href="http://taikai.network" target="_blank">TAIKAI</a>, and bounty platform, <a href="http://bepro.network" target="_blank">Bepro Network</a>, empower developers to showcase their skills and earn rewards.</p><h3><strong>About Masterblox</strong></h3><p><a href="https://www.masterblox.io/" target="_blank">Masterblox</a> is a leading European blockchain accelerator that delivers results with in-house growth hacking solutions and a vast network of industry experts. They specialize in providing sophisticated solutions for project growth and adoption, making it the go-to choice for businesses looking to succeed in the blockchain space.</p>

Dive into the Portuguese web3 ecosystem and explore the various companies working in sectors such as wallets and payments, DeFi, NFT, metaverse, and more.