Coinbase Survey Reveals 83% of Fortune 500 Firms Plan Web3 Initiatives

• Coinbase’s report noted that 52% of Fortune 100 companies have been involved in crypto, blockchain, or web3 initiatives since 2020.
• Nearly 60% of Fortune 100 initiatives reported since 2022 are in pre-launch or in released stages.
• 83% of surveyed Fortune 500 executives have or plan to implement crypto/blockchain initiatives.

Crypto exchange giant Coinbase released research conducted in partnership with The Block. In the study, it was revealed that over half, that is, 52% of the Fortune 100 companies, have been involved in crypto, blockchain, or web3 initiatives since the beginning of 2020.

According to the blog posted by the exchange, out of the initiatives reported by Fortune 100 companies since the start of 2022, nearly 60% are either in their pre-launch stage or already released.

From a broader perspective, the research also reported that 83% of the surveyed Fortune 500 executives with pre-existing knowledge about crypto or blockchain stated that their firms either currently have initiatives or are planning to implement them.

Coinbase also noted that these companies had identified the need to modernize traditional global financial systems and that bl…

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