[PRESS RELEASE – Tortola, BVI, 7th May, 2021,]
The Dapp List, focused on rooting out fraudulent projects, has completed a $1.77 million funding round led by notable investors and angels in the cryptocurrency space.
Venture and investment funds that joined include CMS Holdings, YBB foundation, LD Capital, Bitscale Capital, BR Capital, GenBlock, SL2 Capital, and Double Peak. A number of angels have also extended support, including 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.
The funding will be used to develop The Dapp List platform, a multi-chain ecosystem that aims to curate the Web3 adoption experience. The project was born in response to the many scams, “rug pulls” and questionable projects that appeared since the beginning of DeFi summer. With a stream of newcomers once again approaching cryptocurrencies, it becomes easy for unscrupulous actors to mislead them.
On their Explore module, the community will govern the process of listing or removing projects. Divided into Hunters and Voters, the community will act as a check and balance system to remove potential scams. The Dapp List aims to become the hub for Web3 adoption, bridging high-quality developers with dedicated communities. Through their BUIDL module, developers will be able to build a community and network for their ideas while they focus down on building a high quality product. Finally, the Invest module will act as a bridge between developers, users and capital. Developers will be able to find funding through The Dapp List’s investment partners and the community at large.
The Dapp List is set to revolutionize Web3 adoption by letting the community promote earnest and skilled developers while suppressing fraudsters. This will incentivize more high quality builders to get into the space, as they know they will be competing fairly for market attention.
“The Web3 space is projected to have a four-fold user growth this year compared to the heights of 2017,” said Nirbhik Jangid, Founder of The Dapp List. “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 is currently accepting registrations to try out the Alpha version of the Explore V2 . The V1 of the platform can currently be used to find a list of community-curated projects
The Dapp List is a multi-chain ecosystem for curating Web3 adoption. It offers a community-governed platform that strives to increase adoption of the Web3 ecosystem, and bridge the gap between Web2 and Web3 users. With Explore, BUIDL and Invest products, The Dapp List aims to become the decentralized DApp store acting as a hub between users and developers.
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