Decentralized App (Dapp) Tracker DappRadar Gets $2.3 Million In Funding To Expand Ranking Platform

The global platform for discovering new dapps called DappRadar has been able to raise $2.33 million USD in seed funding from venture capital companies. The round was led by Naspers Ventures and companies such as Blockchain Ventures and Angel Invest Berlin also participated in the round.

According to the crypto company, most of the money will be used in research and development, as it would help the company to develop new functionalities for its services that could make it much more successful.

At the moment, DappRadar can be used to track over 2,500 decentralized apps on a total of seven blockchains, which include the three most popular ones: Ethereum (ETH), Tron (TRX) and EOS. The user can easily filter aspects of the data and remove all activity in which the person is not really interested.

The system can track different aspects of these projects such as their volume, transaction activity and provide insight. With the investments, the company actually expects to reach more consumers and to improve the quality of these insights at the same time that more information about each project is added.

Skirmantas Januskas, the CEO and founder of the company, affirmed that the technology has matured a lot since the project was started. According to him, the company is now in an excellent position to expand and to tackle new challenges.

The representant from Naspers Ventures affirmed that the company is focused on investing in companies with long-term potential and that have what it takes to create a powerful brand with time.