DappRadar has become a centerpoint of the crypto industry, but particularly with regards to blockchain gaming. From when the games category of the dapp rankings was introduced, it has become one of the most important tools at my disposal. It displays the key metrics when assessing blockchain games (most notably, users and volume) and allows you to sort the games by them. A quick search for “DappRadar” on Token Gamer shows how many times I reference their rankings.
Now, DappRadar has decided to expand their influence in the sector with two moves. The first is with regards to what DappRadar calls “The World’s Dapp Store” which is now headed in the direction of being a more holistic solution.
The more significant announcement, however, is the introduction of the $RADAR token and the purpose it serves.
$RADAR and Its Benefits
DappRadar’s token isn’t live yet, but some details have been released. Talking at the Somnium Space event, Co-Founder and CEO of DappRadar, Skirmantas Januškas, made it clear that as the organization was built in the interest of serving decentralization, DappRadar ought to be decentralized too. “DappRadar is the world’s dapp store. It’s meant to be free for all, rewarding for all. It’s meant to be decentralized. That is where we are all going — towards decentralization of the dapp store!” Januškas wrote on LinkedIn
Holders of the $RADAR token will have the opportunity to contribute and govern within DappRadar, with influence in many of the decisions that are made. However, most notably, other companies in the crypto industry can benefit from holding $RADAR by receiving “enhanced insight, early industry report access, and the ability to earn rewards through contribution and curation.”
The $RADAR token is likely to appeal to a spread of people and organizations around crypto. For media outlets like us, advanced reports and analytics offer enough of an edge to justify holding the token, and given the titanic amounts of money moving through dapps, investors will likely feel the same way.