New acquisition for binance, the cryptocurrency exchange gets its hands on DappReview

New acquisition for binance, the cryptocurrency exchange gets its hands on DappReview

By Roberto D. | CryptoFarm | 4 Dec 2019


The news came with a press release released yesterday, according to what has been reported, binance, among the first exchange on the market for traded volumes, acquired DappReview; it is a decentralized App which in turn provides information and reviews on almost 4000 Dapps distributed on 13 distinct public blockchains. Vincent Niu, founder of the company, said in an interview with cointelegraph that its decentralized application is not limited to reviewing the other Dapps on the market but provides all sorts of support to developers (in fundraising, marketing and even on the product development itself); DappReview also extracts the data from the respective blockchains, assembles them and returns them in real time so that they can be reused by both users and companies. Despite the acquisition by binance DappReview will maintain its independence at the operational level, while the exchange will be limited to focusing on marketing activities.

As for the acquisition numbers, however, these are not known, so we don't know how much binance they had to shell out to get their hands on this little gem, what we do know is that the Dapp market, after being shown for a long time as fundamental for the dissemination of cryptocurrencies, it has entered a phase of tiredness and is struggling to take off; in this regard, just think that at present there is not yet a Dapp on the market that has been able to conquer the general public, so these applications are currently something niche, for the exclusive benefit of a small niche within the cryptocurrency enthusiast market. Surely this kind of applications offer a whole series of advantages, both to the developers and to the end users, currently however the smartphones designed to interact with a blockchain infrastructure are still few and will probably have to wait for this technology to become a standard for smartphone manufacturers so that the Dapps can collect the success they deserve; when, in other words, smarphone manufacturers will include the possibility of making the device interact with a blockchain platform as standard, only then will decentralized applications really aspire to become mainstream.

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Roberto D.
Roberto D.

Born, and still living, in Italy. Passionate about cryptocurrencies since I discovered ethereum in 2016 https://linktr.ee/robertod


CryptoFarm
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