DappRadar a global platform that tracks and analyses blockchain-based decentralized applications (dapps) based in Lithuania, has secured $2.33 funding from Naspers. The company intends to leverage the funding round to scale growth and for expansion.
The investment round was led by Naspers with participation from Blockchain.com Ventures and Angel Invest Berlin. DappRadar will use the new funds basically for Research & Development and building new functionalities. These functionalities will help them expand their services and scale new growth stages. Regarding the investment, Banafsheh Fathieh, Principal and Early Stage Investment Lead at Naspers Ventures will join the DappRadar board.
According to Skirmantas Januskas, DappRadar CEO and co-founder, DappRadar is in a great position to leverage Naspers Ventures’ international consumer expertise and Blockchain.com’s industry knowledge to expand their business.
See also: San Francisco-based Chipper Cash to offer P2P Payments in Nigeria
Dapps runs on p2p computer networks. They operate on open source and their core function is handled by smart contracts deployed on blockchain technology. Dapps system allows for a decentralized application’s data which is transparent and allows the community to build on the source without permission.
DappRadar currently tracks more than 2,500 dapps across six blockchains like; Ethereum, EOS, and TRON, with plans to expand. DappRadar provides legal marketable intelligence by filtering through dapp data and removing fake and irrelevant activities.
More on TechGist Africa:
- Google’s New Policy Bans Ads Promoting Speculative and Experimental Medical Treatment
- Engie to Expand across Africa after Mobisol Purchase
- Last Call for Submission: AppsAfrica Innovation Awards
- See the Startups that Won Johnson & Johnson Innovation Challenge
- Samsung Launches Galaxy Fold After a Four-Month Stall
