India’s First Web3 App Store Dapps Closed Seed Funding Round
- India’s first Web3 app store Dapps has closed a seed round with participation from Shardeum founders Nischal Shetty, Anshul Dhir, and Ajeet Khurana.
- The exact amount was not disclosed. The funds raised will be used for continued product development.
- Dapps will make it possible for applications built on various chains to communicate with one another. Decentralized applications, both new and old, could be launched and made profitable with the aid of the app.
Dapps, the first app store in India to focus solely on Web3 apps, disclosed that it has secured pre-seed funding from industry stalwarts, according to IndianWeb2.
Nischal Shetty, Anshul Dhir, and Ajeet Khurana, the founders of Shardeum, participated in the seed round that Dapps concluded. The precise sum was kept a secret. The fund generated will be put to use in the ongoing development of the product.
Dapps will make it possible for applications built on various chains to communicate with one another. Mohit Madan, CEO and Founder, of Dapps and UniFarm, stated:
“We are delighted to receive support from the best in the industry for our highly ambitious project Dapps. More than funding, we are looking forward to a collaborative ecosystem where inquisitive minds come together from all walks of life to make Dapps a part of our daily lives.”
Decentralized applications, both new and old, could be launched and made profitable with the aid of the app. Integrating communication is essential today since users depend on it so heavily as technology advances.
By providing on-chain communication and notifications, Dapps boost retention while also resolving other issues with discoverability and visibility. This provides customers with a seamless experience and aids projects in creating a community around their products.
The app is a decentralized app store that is open-source in order to increase adoption in the market. Similar to how the internet is invisible to you while you read this, the goal is to make Web3 invisible to users. It provides developers with a better set of tools for attracting and keeping customers as well as a better means of monetizing their applications so that Web2 developers can establish themselves in the Web3 environment.
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