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The Dapp List Raises $1.7M to Bring Scam-Free Crypto Ecosystem

The Dapp List Raises $1.9M to Bring Scam-Free Crypto Ecosystem
  • The Dapp List has finished a $1.7 million funding round.
  • The investment funds and Venture includes CMS Holdings.
  • YBB foundation, LD Capital, Bitscale Capital, BR Capital, and many more.

The Dapp List has finished a $1.7 million funding round led by the investors and angels in the cryptocurrency space. Moreover, The DApp List focuses on bringing in scam-free projects.

More so, the investment funds and Venture includes CMS HoldingsYBB foundationLD Capital, Bitscale CapitalBR CapitalGenBlockSL2 Capital, and Double Peak. Even more, many angels also extended support. These angels include Polygon Co-Founder Sandeep Nailwal, AU21 Capital Co-founder Kenzi Wang, Calvin Chu, Allen – Partner at LD Cap. Also, Nima Asghari and Matt Lockyer of NEAR Protocol.

Even more, the funding could be used to develop The Dapp List platform. However, The Dapp List platform is a multi-chain ecosystem that focuses on curating the Web3 adoption experience.

Notably, the project is created to destroy many scams, rug pulls, and questionable projects that are present from the beginning of Decentralized Finance (DeFi) summer. In addition, with a stream of newcomers entering the crypto ecosystem, it becomes easy for unscrupulous actors to mislead them.

Furthermore, the community could govern the process of listing or removing projects on their explore module. However, segregating into Hunters and Voters, the community will perform like a check and balance system in order to remove the potential scams.

In line with their BUIDL module, developers can develop a community and network for their creativity, while focusing on building a high-quality product. More so, the invest module will stay as a bridge between developers, users, and capital. For instance, developers can find funding through the investment partners of The Dapp List and also the community at large.

The Dapp List is also planning to revolutionize the adoption of Web3 by allowing the community to promote the developers while suppressing fraudsters. More so, this will create more high-quality builders to enter into space.

The Dapp List Founder Nirbhik Jangid said,

The Web3 space is projected to have a four-fold user growth this year compared to the heights of 2017…Internet users are naturally fearful of blockchain apps because scams and rug pulls are rampant. We are trying to establish faith in Web3 and enlist the help of the community to remove the scams and curate the experience.

The Dapp List currently accepts registrations in order to try out the Alpha version of the Explore V2. More so, the V1 of the platform utilized to find a list of community-based projects

The Dapp List is a multi-chain ecosystem for curating Web3 adoption. In addition, it offers a community based platform that offers to increase Web3 adoption, and also bridge the gap between Web2 and Web3 users. The Dapp List focuses on becoming the decentralized Dapp store that acts as a hub between developers and users.

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Crypto trading has enticed Ananthi Reeta to write for CoinQuora. She consistently contributes news and feature articles. She has covered several different blockchain and crypto niches, especially altcoins.