Binance Acquires Beijing-Based Blockchain Data Startup DappReview

Binance has acquired DappReview, an evaluation platform that offers data-driven research and advertising services to blockchain-based decentralized applications.

The acquisition of Beijing-based DappReview will help the world's leading exchange by volume to further develop its existing dapps and create new blockchain use cases, said Viktor Radchenko, founder at Binance's Trust Wallet.

"In the near future, Trust Wallet will integrate DappReview APIs to provide easy access to explore new dapps and crypto games, as well as more insight into DeFi services, analytics and usage," Radchenko said in an interview.

In return, Binance will offer support for DappReview in non-technical fields, including marketing and business development while the platform maintains its independence in technical development and operations, according to a statement from Binance.

"By working with Binance X and Launchpad, DappReview will bring in more talented Dapp developers and assist promising Dapp projects on fund-raising," Vincent Niu, founder of DappReview, said of the deal.

"A lot more exciting synergies with Trust Wallet, Binance Research, etc."

The acquisition also means Binance will now have a wholly-owned subsidiary based in Beijing.

According to an announcement on June 10 from NEO Global Capital, DappReview raised a Series A round worth millions of yuan from the firm.

"DappReview has been a staple for the blockchain gaming space since the beginning," Benny Giang, founding member of CryptoKitties creator Dapper Labs, said in the statement.

"Next step, DappReview will expand its footprint on the global market, on which Binance will provide all needed support in terms of marketing and branding," Niu said.