After seven years, blockchain and app information web site DappRadar has introduced that it’s shutting down.
Describing the prices of operating its platform as being “financially unsustainable within the present atmosphere, and after exploring each possibility”, co-founders Skirmantas Januškas and Dragos Dunica stated that they “needed to make the tough determination to wind issues down”.
The end result shall be that the DappRadar platform, its related companies such because the portfolio tracker and airdrop tracker shall be shut down. After all, the uncooked information monitoring exercise on dozens of blockchains and tens of 1000’s of apps may also halt within the coming days.
Launched in 2018 initially of the Ethereum app increase, Lithuania-based DappRadar raised round $8 million in funding, primarily from a $5 million sequence A spherical in 2021.
It additionally launched its RADAR token in late 2021, which was used to entry its Professional account in addition to run a DAO.
The corporate founders add that choices across the RADAR token and the DAO nonetheless must be made however that “we would like the neighborhood to be a part of that dialogue”.
