Quite lately, Non-fungible tokens or ‘NFTs,’ have gained a lot of attention in the crypto world. It is a global phenomenon now.
To capitalise on the trend, marketplaces to buy and sell NFTs and companies to mint digital assets are emerging a lot. Headquartered in Lithuania, DappRadar is one such company.
Raised £3.6 million
Recently, the company has raised $5 million (approx £3.6 million) in Series A funding from key investors including Prosus Ventures, Blockchain.com Ventures, and NordicNinja VC.
Blockchain.com Ventures, is the London-based venture capital arm of Blockchain.com, created to support and invest in distributed ledger technology.
The funding will be used to enhance platform functionality and promote widespread dapp adoption.
What are dapps?
It’s worth noting here that Decentralised applications (dapps) are digital applications that exist and run on a blockchain or peer-to-peer network of computers instead of a single computer.