DappRadar – a well-known platform offering analytics and portfolio tracking for the DApp and NFT markets – reportedly disclosed details of its governance token RADAR rollout, along with a firmwide restructuring. 

Specifically, the development was reportedly introduced at a metaverse event in Somnium Space on November 25th. 

The main objective fueling the revolution is to widen the scope of DappRadar’s ecosystem to the audience demographic on an international scale, along with positioning itself as among the global leading DApp stores. 

Established in 2018, the site is reportedly catering to more than 4 million global users at the moment, 600,000 of which are uniquely active on a month-to-month basis, together with organizing as hosts to more than 8,300 DApps and 27 protocols.

“Decentralization stands at the very core of our success and it’s only right to take it to the next level — true decentralization of DappRadar. Bringing the community closer is the only way to keep ahead of the curve and remain successful in the years to come.” DappRadar co-founder and current Head, Skirmantas Januskas, reportedly made his remarks on the prospect of a community-led platform. 

Despite specifics associated with the token launch date are yet to be revealed, an official announcement on November 26th, additionally claimed that the asset aims to be utilized for decision processes and that users will be “rewarded for their contribution and involvement” upon introduction.

On July 12, the firm reportedly issued its answers to the inquiries related to the release of a native token for their asset swap feature. 

“We are exploring a large number of initiatives, a possible token being one of them.” The company further disclosed via Twitter.