Binance Acquires Decentralized App Information Startup DappReview
Adrian Zmudzinski's original article for cointelegraph.com reduced by 77%
Major cryptocurrency exchange Binance acquired decentralized app information startup DappReview, according to a press release on Dec. 2. Per the release, DappReview's platform provides its visitors with data analytics, user insights and information for over 3,900 DApps on 13 public blockchains.
DappReview founder Vincent Niu explained that the company also provides support for DApp developers in fundraising, product development and marketing. Per the release, DappReview will maintain its independence in technical development and operations as well, while Binance will offer support in non-technical fields such as marketing and business development. While many hope that DApps will drive blockchain technology's mass adoption, the market has not yet seen a decentralized application to reach mainstream use.
Binance has made a number of acquisitions in the blockchain and crypto space in recent months. In September, the exchange acquired JEX - a crypto-asset trading platform that offers spot and derivatives trading services - while just a few weeks ago it bought the well-known Indian crypto exchange WazirX. The major exchange made its first public acquisition last year when it bought Trust Wallet with a reported mixture of fiat money, Binance stocks, and its native cryptocurrency Binance Coin.
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