FBG Capital Invests in Dapp.com to Create “Dapp Store” for Decentralized Applications
- Dapp.com wants to expand to develop their own dapp store.
- They have just completed at $500,000 funding round.
Dapp.com is a website that offers data regarding the use of decentralized applications but have found themselves aiming to launch a dapp store of their own.
To make this goal into a reality, they’ve secured a $500,000 funding round, which included FBG Capital.
FBG Capital, a crypto investor and trader in Asia, will be one of the investors to receive their own pool of DAPPT tokens, the utility token for this platform, as a result of their contributions. Vincent Zhou, the founding partner of FBG, stated:
“Dapp.com has a well-recognized product, a strong team who executed well to establish solid traction. The application layer that they are building up will speed up the adoption of blockchain into people’s daily lives.”
The founder of Dapp.com, Kyle Lu, commented on this work as well, saying:
“We are putting the theory into action to build a multi-chain compatible dapp store that we believe will drive the future of blockchain. FBG shares our vision.”
By investing in Dapp.com, both FBG and Landscape are showing their commitment to help the platform get involved with other companies that have similar portfolios. For instance, some of the companies on the platform’s radar are MakerDAO, Terra, Celer Network, and many others.
The whitepaper that describes the DAPPT token shows that the company tracks applications that are spread over many blockchains. Right now, the list of blockchains that the company covers includes Ethereum, EOS, TRON, Steem, TomoChain, IOST, and Blockstack.
The token was developed earlier this year, distributing the first round with an airdrop, and eventually an initial coin offering as well.