Binance Acquires DappReview - The Leading Decentralized Application Platform
The global blockchain ecosystem Binance, today announced the acquisition of DappReview, the leading analytics and information platform for blockchain-based decentralized applications (dapps). Through this acquisition, Binance will support DappReview to further develop the dapps ecosystem and promote greater blockchain adoption. With the acquisition of DappReview, Binance also completed 3 acquisitions in 2019, previously JEX and WazirX.
DappReview is a provider of data analysis, user details, and dapp information for over 3,900 dapps on 13 public blockchains. Founded in February 2018, DappReview has become a portal to discover and guide Dapps, attracting more than 300,000 monthly active users in 120 countries. DappReview also acts as a platform for blockchain developers to introduce their Dapps to global users.
Wei Zhou - CFO Binance said: “On-chain applications are still missing for mass blockchain application. The DappReview team has shown its commitment to dapps and enforced vigorously in building a leading global dapps platform in just one year of establishment. Binance and DappReview share a common goal of promoting blockchain applications. This acquisition marks an important step forward in the dapps ecosystem and we will have more exciting developments in the near future"
Vincent Niu, founder, and CEO of DappReview, said: “DappReview's mission is to build an ecosystem of development and enhancement for mass adoption of blockchain. In addition to dapps analysis services, we also offer full support packages for dapps developers from fundraising, product development to marketing and promotion. Binance's acquisition will empower DappReview with more resources to drive our business growth. Our next step is to work with more developers and blockchain protocols on integrating dapp data and promoting the adoption of dapps on a larger scale. ”
“From the outset, DappReview has been a major factor for the gaming field in the blockchain. DappReview itself is the tool that connects the Chinese community with the Western community. The content DappReview explains how blockchain games work is extremely valuable and represents the deep interest that the Asian market has for dapps. We are happy to hear about the acquisition and we hope to continue to work effectively with DappReview and Binance. ” Benny Giang, a founding member of Dapper Labs, the company that created the CryptoKitties game has a huge appeal from the community.
DappReview's contribution to blockchain protocols is widely recognized by industry players, including TRON founder Justin Sun. "Right now, DappReview provides TRON community developers with the fastest updated insights on how their DApps work compared to other DApps on TRON as well as other blockchains," according to Sun. “To make the service more attractive, Vincent and his team regularly share industry insights based on an in-depth understanding of the overall ecosystem and detailed data analysis, offering Analytical guide on the latest trends in this industry. ”
After acquisition, DappReview will maintain its independence in technical development and operation. Binance will provide support in areas including marketing and business development. DappReview will release a new set of products in Q1 2020.
The acquisition of DappReview is part of Binance's key plans in building a robust global blockchain ecosystem. Earlier this year, Binance launched Binance X, an innovation-driven initiative in the Binance ecosystem that attracted more than 40 developers and researchers on the Binance X scholarship program to build source applications. Open on Binance Chain. In addition, Trust Wallet, Binance's official wallet, offers a mobile-friendly Dapps browser integrated with multi-chain applications.
About DappReview
DappReview is the world's leading data-driven decentralized application platform (dapps), tracking data from over 3900 dapps in 13 public blockchains. DappReview is intended to provide accurate dapp data, latest dapp information, user insights, and market analysis/reporting. DappReview also provides a full-service package for blockchain developers from fundraising, product development to marketing and promotion.