Why does DappRadar need $2.3 million dollars?

[Sujoris]

I came across this article :https://www.financemagnates.com/cryptocurrency/news/dappradar-secures-2-3-million-in-naspers-led-seed-round/?utm_source=dlvr.it&utm_medium=facebook
It reads "DappRadar Secures $2.3 Million in Naspers-Led Seed Round"

It seems as if this site that I didnt think of much before has allured investors like Naspers Ventures, Blockchain.com, Angel Invest Berlin etc to collectively invest in it. But what I cannot understand is, why?
How would DappRadar recoup the investors let alone make a ROI? I don't know of any sustainable revenue model from DappRadar, are they now going to charge listing fees from Dapps to get listed there? But if they did that, wouldn't that go against the basic need of such a website that lists Dapps without any biases?

I am confused. Can someone explain this to me?

[legendster]

I have never head or Naspers, however, I did at one point tried to get in touch with AI Berlin for one of my clients. Unsuccessfully though.

I am surprised they chose to invest with DappRadar when there are new projects with much higher potential popping up on the radar in the latter half of 2019..

As for how DR would repay them or what their business model is, idk, I haven't studied them well yet. Perhaps through ad revenue? lol (just kidding)

[Sujoris]

well Im hopeful of starting my own crypto centered business someday. I have connections in Malta but I dont understand much about this industry yet. So it baffles my mind when something as simple of a tool as Dappradar collects so much investment. If someone could explain what their business model is then I think I would maybe find some heads and tails of this matter.
I raised funds for an IPO and I remember how backbreaking that was..

[Subal_Damudar]

I saw this on my rss feed https://cryptobriefing.com/volume-statistics-dappradar-show-defi-underreported/
Does this mean all the money dapradar use to build more proper search engine for crypto? or what?

[asriloni]

I came across this article :https://www.financemagnates.com/cryptocurrency/news/dappradar-secures-2-3-million-in-naspers-led-seed-round/?utm_source=dlvr.it&utm_medium=facebook
It reads "DappRadar Secures $2.3 Million in Naspers-Led Seed Round"

It seems as if this site that I didnt think of much before has allured investors like Naspers Ventures, Blockchain.com, Angel Invest Berlin etc to collectively invest in it. But what I cannot understand is, why?
How would DappRadar recoup the investors let alone make a ROI? I don't know of any sustainable revenue model from DappRadar, are they now going to charge listing fees from Dapps to get listed there? But if they did that, wouldn't that go against the basic need of such a website that lists Dapps without any biases?

I am confused. Can someone explain this to me?

they will be charging the listing fees but that will not be specifically the developer will pay the dappradar directly. As far as I know, the competitor of dappradar called dapp.com has already made it and if you are willing to promote your dapp and you can start to register to the packages that already available in the market  https://www.dapp.com/promote

that can be an example of what will be the business field that will be aiming by dappradar

I saw this on my rss feed https://cryptobriefing.com/volume-statistics-dappradar-show-defi-underreported/
Does this mean all the money dapradar use to build more proper search engine for crypto? or what?

It will be related to the product and the search engine that will be built in dapp radar just an additional feature only.
I'm feeling skeptical if that will work perfectly.

[ecnalubma]

$2.3 million is not really that big for a project, but as if investors realise its potential they don’t mind putting huge amount of money for a project probably they know what they’re doing and they understand the risk. Dappradar is a good platform they could have been first in space to offer that kind of service.

[Sujoris]

$2.3 million is not really that big for a project, but as if investors realise its potential they don’t mind putting huge amount of money for a project probably they know what they’re doing and they understand the risk. Dappradar is a good platform they could have been first in space to offer that kind of service.

I am sorry to have to dig up this old thread again but I kinda told you so. A year down the line and Dapp radar is basically invisible. No way they needed that 2.3 mil.

[ReliabilityAlert222]

Yes, The DApps is charging 2.3 million dollars for listing here and providing their e facilities also. But it's not only for listing It has a global goal and needs more found for creating the issues which are influenced by an investor. It's trying to get more profit than another trading as like the Blockchain market. Here are included the basic need of blockchain cryptocurrency-related issues. So, I think of this reason DApps charging a big amount.