Dapp.com Raised $1 Mln To Popularize Blockchain-based Applications

Dapp.com, an analytic company for decentralized applications, raised $ 1 million from investors. The company will use them to distribute decentralized applications to users.

The platform analyzes and distributes about 3,000 blockchain applications, also providing analytic information for users, with ranking algorithm, about different blockchains, such as Ethereum, Tron, EOS, TomoChain, Klaytn, Steem and IOST. The latest round of financing the company was led by Hashed, with the participation of DU Capital. Hashed CEO Simon KIM commented on the investment round:

“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. It is an honor to participate as a strategic investor in Dapp.com, which is the fastest-growing company in this market.”

Dapp.com recently announced a strategic partnership with Klaytn, which is the blockchain platform of the popular South Korean messaging application Kakao.

The company sees South Korea as a new market and will use investment money to expand its activities in an Asian country. It also plans to enter new markets and attract new users.

Image courtesy of Dapp.com