The Dapp List, a multi-chain ecosystem for curating Web3 adoption focused on rooting out fraudulent projects, has just completed a $1.9 million funding round.
Some of the participants in the fundraising include venture and investment funds CMS Holdings, YBB foundation, LD Capital, Bitscale Capital, BR Capital, GenBlock, SL2 Capital and Double Peak, among others.
However, it is worth mentioning that some angel investors, 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 have also taken part in the round.
The company has reported that it will use the funds to keep developing the Dapp List platform, which was originally created to fight scams and fraud projects in the crypto sphere, which unfortunately are not very rare.
In particular, On their Explore module, the community will govern the process of adding or removing projects, monitoring this way potential scams. Divided into Hunters and Voters, the community will act as a checks and balance system to remove potential scams.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
The platform also has the BUIDL module, which allows devs to build a community and network for their ideas at the same time that they focus down on building a high quality product.
Finally, the Invest module is intended to act as a bridge between developers, users and capital.
As a result, the Dapp List will become a game changer in the Web3 adoption, as it will promote the most experienced devs while it will ban fraudsters.