Binance Acquires DappReview for an Undisclosed Amount

Crypto exchange Binance on Tuesday announced the acquisition of DappReview, an Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term platform for decentralized applications (DApps).

Founded in February 2018, DappReview scans and provides information of 3,900 DApps across 13 blockchains and has over 300,000 monthly active users across 120 countries, the crypto exchange detailed in the announcement.

Commenting on the acquisition, Wei Zhou, Binance’s CFO, said: “On-chain applications are still the missing piece for mass Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term adoption. The DappReview team has shown its commitment to DApps and strong execution in building a leading global DApps platform within a year of establishment. Binance and DappReview share a mutual goal of driving blockchain applications.”

“This acquisition marks a significant step into the DApps ecosystem, and we will have more exciting developments in the near future.”

Jumping into DApps

With the recent acquisition, Binance, which is one of the largest crypto exchanges in terms of trading volume, is planning to dive into the emerging sector of DApps and push for greater blockchain adoption.

Despite the acquisition, DappReview will maintain its independence in technical development and operation and will receive support from the exchange in non-technical fields, including marketing and business development.

“The mission of DappReview is to build a vibrant DApps ecosystem and boost mass adoption of blockchain. Apart from DApps analytics services, we also provide full packages of support for DApps developers from fund-raising, product development to marketing and promotion,” Vincent Niu, founder and CEO of DappReview, said.

“Binance’s acquisition will empower DappReview with more resources to accelerate our business growth. Our next step is to partner with more blockchain protocols and developers on DApp data integration, and push for DApps adoption on a greater scale.”

Last month, the Malta-registered exchange acquired WazirX, an Indian digital asset exchange platform, to expand its base in the Asian markets.