Reports recently revealed that the famous wallet platform, Blockchain.com is eyeing to launch its venture capital firm to fund startups in crypto and blockchain ecosphere. In fact, the latest announcement from DappRadar, a Blockchain startup reveals that they’ve raised millions from Blockchain.com Ventures.
DAppRadar Raises 2.33 million
DappRadar, a platform that provides comprehensive data and analysis on Decentralized applications (Dapp) has announced that it has closed $2.33 million seed funding. Such a huge investment was led by Blockchain.com Ventures, Naspers Ventures and Angel Invest Berlin. As per the official statements, this fund will be used for R&D and to add new services to its site. Naspers Ventures counts as the leading internet group and an active venture capital firm that invest in new technology.
As DappRadar tracks over 2500 Dapp projects built on Ethereum, EOS, TRON and the loom network, its director of communications, Jon Jordan asserts that DappRadar is primarily aiming at offering the most accurate data about the Dapp ecosystem. With its active contribution in a burgeoning crypto-blockchain industry, the platform has streamlined the Dapp discovery – henceforth attracted high profile investments.
“Unlike some of our competitors, we have a public, robust attitude in terms of filtering out what we consider ‘fake’ or ‘manipulated’ traffic, notably traffic generated by bots,” DappRadar’s Ian Kane said. Dapp data is difficult to track due to the range of protocol styles and blockchain networks they typically operate on.
As for Blockchain.com ventures, the platform is a subsidiary of Blockchain.com which was reportedly raising $50 million crypto fund to invest in startups. Per the official site, the giant has already in existence and invested in a couple of crypto and blockchain products.
On a DappRadar’s effort to widen the reach of overall crypto and blockchain ecosystem, Samuel Harrison who is the Managing Partner of Blockchain.com says;
“DappRadar is playing a vital role in bringing trust, transparency, and discovery to the fragmented world of Dapps. We hope to play a role in accelerating their impact on the ecosystem,”
Image Source – DappRadar Medium Blog