Cryptocurrency platform Binance acquires dApp startup DappReview
Category: #business  | By Mateen Dalal  | Date: 2019-12-05 |
  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn

Cryptocurrency platform Binance acquires dApp startup DappReview

Binance, a renowned cryptocurrency exchange platform where more than 100 cryptocurrencies are traded, reportedly announced the acquisition of DappReview, an evaluation platform offering advertising and data-driven research services to blockchain-based decentralized apps (dapps).

This acquisition would help Binance to develop its existing dapps as well as create novel blockchain use cases. The startup which claims itself to be the largest dApp platform in the world was founded in March 2018. It raised millions of yuan in its Series A funding investment round that was conducted in June.

DappReview offers data-driven research services on over 3,900 dapps like exchanges and wallets, on 13 public blockchains which includes ethereum, TRON, and EOS. The company has approximately 300,000 monthly active users throughout the world.

After the completion of the acquisition, DappReview would continue to operate individually. It would work in technical operation and development while Binance would lend its expert services to the company for strengthening the non-technical operations like business and marketing development.

the dApp platform would also launch a new portfolio of products during the first quarter of 2020.

Founder at Binance's Trust Wallet, Viktor Radchenko stated that very soon, Trust Wallet would integrate DappReview APIs. This integration would offer easy access to exploring new dapps and crypto games. It would also help to gain deeper insight into decentralized finance (DeFi) usage, services, and analytics.

Founder of DappReview, Vincent Niu stated that by collaborating with Binance X (Binance’s developer network) and Launchpad, the company would bring onboard more talented Dapp developers. They would further support promising fund-raising Dapp projects.

Niu further added that the company would also collaborate with public chains as well as protocols throughout the Dapp space using Binance's ecosystem.

Binance has turned out to be one of the leading cryptocurrency exchange platforms in recent years. The company has made various acquisitions in the past two years. the company acquired Trust Wallet last year. Recently, it acquired JEX, a crypto trading platform in Seychelles and last month it purchased WazirX, an Indian Crypto exchange.

The company did not disclose any financial terms regarding the acquisition of DappReview.

 

Source credit: https://www.coindesk.com/binance-acquires-beijing-based-blockchain-data-startup-dappreview

  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn


About Author

Mateen Dalal     twitter

Mateen Dalal

A qualified electronics and telecommunication engineer, Mateen Dalal embarked on his professional journey working as a quality and test engineer. Harnessing his passion for content creation however, Mateen pens down industry-rich articles for ReportsGO.com and a few o...

Read More..

More News By Mateen Dalal

Hyundai Motor Company & Advent sign JDA to develop fuel cell technology

Hyundai Motor Company & Advent sign JDA to develop fuel cell technology

By Mateen Dalal

Hyundai Motor Company and Advent Technologies have entered into a joint development agreement, following the assessment of Advent’s Proprietary Membrane Electrode Assembly (MEA) technology. The evaluation was focused on the ability of Advent&rs...

Intellect chooses IHH Healthcare to devise mental health programs

Intellect chooses IHH Healthcare to devise mental health programs

By Mateen Dalal

Intellect, a leading mental health platform located in Singapore, has reportedly announced a partnership with IHH Healthcare, which is Asia’s largest private healthcare group. The main objective of the partnership is to introduce and customize ...

Dyson compensates employees with onetime payment in absence of bonus

Dyson compensates employees with onetime payment in absence of bonus

By Mateen Dalal

Dyson, a British company renowned for its innovative vacuum cleaners, hair dryers and other products, is reportedly offering a majority of the staff at its Singapore headquarters a one-time payment, in recognition of their exceptional contribution. ...