The Texas Blockchain Council’s work on the regulatory side along with low energy costs have made Texas a haven for the blockchain industry.
Riot Blockchain's facilities in Rockdale are shown during the Feb. 3 winter storm. The crypto mining company reported revenue of about $80 million for the first three months of 2022.New companies in the blockchain and cryptocurrency space are popping up each month in Texas. And they’re growing fast — going from startup to the Nasdaq in less than a year in some cases.
It’s “insanely competitive,” said Giorgi Khazaradze, CEO of Dallas crypto startup Aurox. “If you don’t read updates on crypto news for one day, you’re behind,” he said. With competition springing up left and right, Khazaradze said it comes down to who can hire the best developers the quickest to build out the product.
Here are 10 companies in the space to watch in North Texas. Most of them started within the last five years and have ambitious plans for the next five.Hedera was founded in Dallas in 2018 by Mance Harmon and Dr. Leemon Baird, who won “Emerging Company CEO” and “Technology Inventor,” respectively, this year from Tech Titans, the largest tech trade organization in Texas.
The company is built on the technology they created, Hashgraph, an alternative to blockchain that is “far more secure and is faster,” Harmon said. Hedera is the largest blockchain organization in North Texas. It has a governing council of 26 top-tier organizations, including Google and Boeing, that govern the network, and conduct activities such as setting pricing and the regulatory posture of the company, among other tasks.
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