The Dapp List, a multi-chain ecosystem for curating Web3, has raised $1.9 Million in its latest funding round. The funds will be redirected towards the development of The Dapp List platform, a project created as a response to increasing on-chain scams.
V1 of the platform currently can be used to find a list of community-curated projects. Alpha version of the Explore V2 has opened registrations for trials.
Dapp Gains Well-Founded Backing
The Dapp List Platform was founded as a response to the "rug pulls" and questionable projects that have popped up in the DeFi landscape. This will help curate a better Web3 adoption experience. As cryptocurrencies are appealing to mainstream investors, as they're exposed to being misled.
The investors include CMS Holdings, YBB foundation, LD Capital, Bitscale Capital, BR Capital, GenBlock, SL2 Capital, and Double Peak. The project has gained support from some notable names in the crypto space, such as Sandeep Nailwal, Co-founder of Polygon, Kenzi Wang, Co-founder of AU21 Capital, Gabby Dizon of Yield Guild Games, Calvin Chu, Allen - Partner at LD Cap, as well as Nima Asghari and Matt Lockyer of NEAR Protocol.
Projects Are Based On Community Decisions
The Dapp List will support other Dapps through its Explore module by allowing its community to decide to list or remove projects. They will be divided into Hunters and Voters in a system that will remove unscrupulous projects using checks and balances.
Dapp is focusing on becoming a Web3 adoption hub; it aims to bridge high-quality developers with accountable and dedicated communities. Developers can build a high-quality product while building a community through Dapp's BUIDL module and gain a network for their ideas and products.
Bridging Gaps Between All Involved Parties
The Invest module will bridge developers, users, and capital with each other. The Dapp List's investment partners and community will provide developers with the funding they need for their projects.
By allowing the community to promote earnest and skilled developers and suppressing fraudulent scammers, Dapp is setting out to revolutionize Web3 adoption. It will incentivize high-quality developers to enter the space of fair market attention and competition.
Nirbhik Jangid, Founder of The Dapp List, added,
"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."
About The Dapp List
The Dapp List offers a community-governed platform that strives to enable increased adoption of the Web3 ecosystem. This way, it will bridge the gap between Web2 and Web3 users. With their products such as Explore, BUIDL, and Invest, The Dapp List is focused on becoming a decentralized DApp store that acts as a hub between users and developers.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.