Binance Smart Chain rebranded as BNB Chain has recently announced the launch of DappBay, the dApp hub that will improve the overall security impression of users across the entire ecosystem.
BNB chain has launched the DappBay with the intention of it becoming the dApp hub of the ecosystem and has an inbuilt anti-scam tool to increase the security of the users. It is fitted with a Red Alarm feature that allows users to assess a project’s risk by inputting the contract address to check for scams, logical flaws, red flags, or fraudulent activities.
Gwendolyn Regina, the investment direction at BNB Chain, spoke on the BNB Chain dApp hub, stating,
“The Red Alarm feature helps users in staying one step ahead of scammers; the system warns in real time of potential risks associated with the projects, allowing the community to make informed investment decisions.”
Why does BNB Chain dApp Hub Matters?
The DappBay hub will allow the BNB Chain community to view recently launched projects ranked according to different categories. Users can view the top GameFi, DeFi, and NFT projects, amongst others, easily on the DappBay.
Moreover, the developers will be able to list their own dApps on the platform while tracking projects by potentially using metrics such as best performing tokens and fastest user growth. The dApp hub will also compile promising projects by analyzing various metrics.
Apart from this, BNB Chain is collaborating with Ankr, a Web3 infrastructure provider. BNB Chain is undergoing various updates and earlier this year also underwent a major rebranding. Earlier, Binance Smart Chain is now known as BNB to depict its vision of Build and Build.
Samy Karim, the BNB Chain’s Ecosystem Coordinator, said,
“Over the years, we’ve realized that BNB has evolved into something beyond Binance and in fact, BNB means Build and Build (not Binance Coin), it’s something CZ has tweeted before. The BNB ecosystem is bigger than Binance, and has transcended Binance in terms of its use cases.”
We cannot wait to see what DappBay will bring to the industry.