Why Asian Tech Companies Are Betting Big on dApps
The jury is still out on dApps. Despite dApp stores, smart contracting platforms, launchpads, and distributed storage solutions soaking up vast amounts of ICO money before the tide went out on that fundraising model, they’ve yet to achieve critical mass within the cryptosphere, let alone mainstream society. “It’s still early – give it time,” dApp defenders will say, and they’ve got a point. But crypto can’t stay like forever. At the moment, it feels like there are more dApps than there are dApp users.
The lack of demand for dApps is not as alarming as it may at first seem, it should be noted: scrutinize the Google Play and Apple App Store and you’ll find that, outside of the top 200 apps, the number of downloads and user reviews rapidly recedes. In every market of every industry in the world it’s the same story: a handful of players soak up most of the market share, leaving the long tail to fight it out for the scraps. In the case of dApps, support has arrived from an unexpected quarter – Samsung.