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$500K Round Led by FBG Will Help Dapp.com Build 'Dapp Store'
Prominent Asian investment firm FBG Capital is backing Dapp.com's attempt to build an easy-to-use "Dapp Store."
Yazan Brady Dale
FBG Capital, a major crypto investor and trader in Asia, announced today that it has invested in Dapp.com, alongside Landscape Capital, in a $500,000 round.
Dapp.com provides data about the useage of decentralized applications (dapps), with plans to launch a dapp store. The investors will acquire a pool of DAPPT tokens, the utility token for the Dapp.com platform, which allows for discounts on its services and enables listing of products through staking.
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“Dapp.com has a well-recognized product, a strong team who executed well to establish solid traction," Vincent Zhou, the founding partner of FBG, said in a statement. "The application layer that they are building up will speed up the adoption of blockchain into people’s daily lives."
Kyle Lu, founder of Dapp.com, said in a statement, “We are putting the theory into action to build a multi-chain compatible dapp store that we believe will drive the future of blockchain. FBG shares our vision.”
With the investment, FBG and Landscape have committed to help Dapp.com open doors with other companies in their respective portfolios, which include MakerDAO, Terra, Celer Network and others.
In the white paper for its DAPPT token, the company said that it tracks apps across multiple major blockchains. At that time, the list included: Ethereum, EOS, TRON, Steem, TomoChain, IOST and Blockstack.
The token was created earlier this year. It was first distributed with an airdrop. Then it ran an initial exchange offering on the MXC exchange.
FBG Capital's Vincent Zhou speaks at San Francisco Blockchain Week 2018 (photo via Twitter/FBG Capital)
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