🎆https://t.co/F1IxOZ3Zmc announced the closure of its Pre-A Investment Round, pulling in $1M from multiple investors, led by @hashed_official, a leading blockchain-oriented VC firm & the largest #crypto assets fund in South Korea. #blockchain #dapp https://t.co/esc8MV5XJV
— Dapp.com (@dapp_com) September 6, 2019
According to the announcement, Hashed was accompanied by Du Capital and a number of additional investors in the round. The new funds will work to boost the platform’s growth as it continues to support new blockchain ecosystems.
“Unlike [a] traditional App Store, [the] blockchain application ecosystem needs a marketplace with a new philosophy where value is created with the smallest platform fee, objective on-chain data analysis with a fair ranking system and community’s engagements,” said Hashed CEO Simon Kim. “It is an honor to participate as a strategic investor in Dapp.com, which is the fastest-growing company in this market.”
According to Dapp.com founder and CEO Kyle Lu, “These funds will be used to help Dapp.com boost our user base and revenue by expanding to new markets (especially Korea), as well as to drive growth through opportunities unlocked by the new resources injection. We have the world’s largest collection of data on blockchain-based applications, and offer comprehensive data to media, VCs and other institutions — we are positioning ourselves as the AppAnnie of dapps.”
Dapp.com also recently launched its own platform token (DAPPT), an ERC-20 token designed to provide an incentive mechanism to dapp users to increase accessibility. DAPPT is currently available on KuCoin and several other exchanges.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.