Dapp.com is a decentralized app data and analytics platform that has secured a pre-A investment of $1 million from investors like Hashed, Du Capital and others.
The investment was led by Korean blockchain accelerator and investment fund, Hashed. It was followed by investments from Du Capital, a Singapore based investment firm and others.
As per an announcement, this funding will be utilized to help the platform grow and continue its support for new blockchain ecosystems.
Kyle Lu, Dapp.com’s founder, and CEO said: “These funds will be used to help Dapp.com boost our user base and revenue by expanding to new markets (especially Korea), as well as to drive growth through opportunities unlocked by the new resources injection.”.
Using Blockchain or transparent and secure decentralized digital ledger, Dapp.com manages analytics and distribution of more than 2,900 decentralized apps or Dapps. It is capable of processing transactions on EOS, Tron, Ethereum, IOST, TomoChain, Steem and Klaytn.
On this, Lu said: “We have the world’s largest collection of data on blockchain-based applications, and offer comprehensive data to media, VCs, and other institutions — we are positioning ourselves as the AppAnnie of dapps”.
Simon Kim, the CEO of Hashed added that “Unlike traditional App Store, blockchain application ecosystem needs a marketplace with a new philosophy where value is created with the smallest platform fee, objective on-chain data analysis with a fair ranking system and community’s engagements”. Additionally, he also said that “it is an honor to participate as a strategic investor in Dapp.com, which is the fastest-growing company in this market.”
On the other hand, Dapp.com’s competitor DappRadar has also raised an investment of $2.3 million. The investment is led by Naspers Ventures with partnership from Angel Invest Berlin and Blockchain.com Ventures. This funding will be used for research and development with a vision to expand its services and reach to the next level. The research will provide a new feature to help achieve this vision.