Binance acquires decentralized application platform DappReview
The company announced its acquisition of DappReview, the leading information and analytics platform for dapps
Through this acquisition, Binance will support DappReview to further develop the dapps ecosystem and foster greater blockchain adoption. DappReview provides data analytics, user insights and dapp information for over 3,900 dapps across thirteen public blockchains. Founded in February 2018, DappReview has become a portal for dapps exploration and guidance, attracting over 300,000 monthly active users across 120 countries. DappReview also serves as a platform for blockchain developers to introduce their dapps to global users.
“On-chain applications are still the missing piece for mass blockchain adoption. The DappReview team has shown its commitment to dapps and strong execution in building a leading global dapps platform within a year of establishment. Binance and DappReview share a mutual goal of driving blockchain applications,” said Binance CFO Wei Zhou. “This acquisition marks a significant step into the dapps ecosystem, and we will have more exciting developments in the near future.”
“The mission of DappReview is to build a vibrant dapps ecosystem and boost mass adoption of blockchain. Apart from dapps analytics services, we also provide full packages of support for dapps developers from fund-raising, product development to marketing and promotion,” said Vincent Niu, Founder and CEO of DappReview. “Binance’s acquisition will empower DappReview with more resources to accelerate our business growth. Our next step is to partner with more blockchain protocols and developers on dapp data integration, and push for dapps adoption on a greater scale.”
“Dapp.Review has been a staple for the blockchain gaming space since the beginning. They have been instrumental in connecting the Chinese community with the Western community. The content that DappReview puts out explaining how blockchain games work is extremely valuable and representational of the deep interest that Asia has with dapps. We are excited to hear about the acquisition and we hope to continue our productive collaboration with DappReview and Binance,” said Benny Giang, founding team member of Dapper Labs, the company which created phenomenal gaming dapp CryptoKitties.
DappReview’s contribution to blockchain protocols is widely recognised by established industry players, including TRON Founder Justin Sun. “DappReview provides TRON’s community developers with most up-to-date insights on how their DApps are performing against other DApps on TRON as well as other blockchains,” Sun said. “To make the service more enticing, Vincent and his team frequently share industry insights based off their deep understanding of the overall ecosystem and detailed data analysis, offering analytical guidance on latest industry trends.”
After the acquisition, DappReview will maintain its independence in technical development and operation, and Binance will offer support in non-technical fields including marketing and business development. DappReview will release a new suite of products in Q1 of 2020.
The acquisition is part of Binance’s consistent efforts in building a robust global blockchain ecosystem. Earlier this year, Binance launched Binance X, an initiative to foster innovation in the Binance ecosystem that has engaged over 40 developers and researchers in the Binance X Fellowship program to build open-source applications on Binance Chain. In addition, Trust Wallet, the official wallet of Binance, offers a mobile-friendly Dapps browser that is integrated with multi-chain applications.
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