D3 Global Secures $25M Series A Funding to Revolutionize Domain Ownership with Blockchain Technology
In a significant boost for the domain industry, D3 Global has raised $25 million in a Series A funding round led by Paradigm. This funding is designed to revolutionize how domain names are managed, bought, and sold in the digital landscape. D3 Global, known for its leadership in DomainFi infrastructure, is set to launch the Doma Protocol, a pioneering blockchain infrastructure tailored specifically for internet domain names. The Doma Protocol will effectively transform domains into a modern asset class, enhancing liquidity, innovation, and financial opportunities for both existing and future domains.
The participation in this funding round from notable investors such as Coinbase Ventures and prominent figures like Sandeep Nailwal, co-founder of Polygon Labs, underscores the strong support from leaders in both Web2 and Web3 sectors. The new capital will be utilized to forge ahead with the launch and development of DomainFi, a decentralized financial platform which aspires to expand the domain market valued at over $340 billion.
The Doma Protocol is essential for establishing a decentralized infrastructure tailored to meet stringent compliance requirements set by ICANN, the organization that oversees domain names. This newly developed blockchain ensures compatibility with the traditional Domain Name System (DNS) and can easily integrate with various tools and processes from the domain industry. This compatibility is crucial for facilitating seamless connections between existing domains and newer Web3 systems.
Moreover, Doma offers groundbreaking features like fractional ownership, domain-based lending, and improved digital identity options. By establishing a future-ready bridge linking DNS with Web3 naming systems, the blockchain brings a paradigm shift in domain registration, trade, and utilization, enhancing market accessibility for users.
D3 Global’s CEO, Fred Hsu, expressed enthusiasm about the project, emphasizing the importance of modernizing the domain industry’s technology and processes, which have remained stagnant for nearly three decades. Hsu stated, "The DomainFi economy will usher in a new era of innovation and financial opportunities for every entity involved in the platform."
One of the exciting aspects of this initiative is D3’s collaboration with Solana, planning to align Web2 and Web3 domains on Solana's blockchain. This partnership aims to provide interoperable payment solutions while launching .SOL and .SOLANA top-level domains (TLDs), further bridging traditional and decentralized digital identities.
Additionally, Avalanche has joined forces with D3 Global, intending to introduce the .AVAX TLD, enhancing DeFi utility within the domain economy. Other strategic partnerships, including one with OneFootball, will allow developers to tokenize their domains, creating an eco-system that democratizes access to premium domain names.
As part of this modernized approach to handling digital domains, D3 Global enables users to benefit from institutional-grade yields through integrations with platforms like Plume. The connections allow for generating revenue from tokenized assets, creating new opportunities for investors and domain owners alike.
With a vision to democratize digital asset ownership for billions of internet users, D3 Global is not only paving the way for future domain management but is actively redefining the realm of digital real estate. The company’s strategic focus on both traditional domain nomenclature and emerging blockchain technologies distinctly positions D3 Global at the forefront of the domain industry's transformation. As the Doma Protocol evolves, it is anticipated to lay the groundwork for a more transparent, liquid, and prosperous domain economy, marrying the best of Web2 advances with the innovations inherent in Web3 technologies. Those interested in being part of this revolutionary concept can find out more and request early access to Doma through their official platform.
The participation in this funding round from notable investors such as Coinbase Ventures and prominent figures like Sandeep Nailwal, co-founder of Polygon Labs, underscores the strong support from leaders in both Web2 and Web3 sectors. The new capital will be utilized to forge ahead with the launch and development of DomainFi, a decentralized financial platform which aspires to expand the domain market valued at over $340 billion.
The Doma Protocol is essential for establishing a decentralized infrastructure tailored to meet stringent compliance requirements set by ICANN, the organization that oversees domain names. This newly developed blockchain ensures compatibility with the traditional Domain Name System (DNS) and can easily integrate with various tools and processes from the domain industry. This compatibility is crucial for facilitating seamless connections between existing domains and newer Web3 systems.
Moreover, Doma offers groundbreaking features like fractional ownership, domain-based lending, and improved digital identity options. By establishing a future-ready bridge linking DNS with Web3 naming systems, the blockchain brings a paradigm shift in domain registration, trade, and utilization, enhancing market accessibility for users.
D3 Global’s CEO, Fred Hsu, expressed enthusiasm about the project, emphasizing the importance of modernizing the domain industry’s technology and processes, which have remained stagnant for nearly three decades. Hsu stated, "The DomainFi economy will usher in a new era of innovation and financial opportunities for every entity involved in the platform."
One of the exciting aspects of this initiative is D3’s collaboration with Solana, planning to align Web2 and Web3 domains on Solana's blockchain. This partnership aims to provide interoperable payment solutions while launching .SOL and .SOLANA top-level domains (TLDs), further bridging traditional and decentralized digital identities.
Additionally, Avalanche has joined forces with D3 Global, intending to introduce the .AVAX TLD, enhancing DeFi utility within the domain economy. Other strategic partnerships, including one with OneFootball, will allow developers to tokenize their domains, creating an eco-system that democratizes access to premium domain names.
As part of this modernized approach to handling digital domains, D3 Global enables users to benefit from institutional-grade yields through integrations with platforms like Plume. The connections allow for generating revenue from tokenized assets, creating new opportunities for investors and domain owners alike.
With a vision to democratize digital asset ownership for billions of internet users, D3 Global is not only paving the way for future domain management but is actively redefining the realm of digital real estate. The company’s strategic focus on both traditional domain nomenclature and emerging blockchain technologies distinctly positions D3 Global at the forefront of the domain industry's transformation. As the Doma Protocol evolves, it is anticipated to lay the groundwork for a more transparent, liquid, and prosperous domain economy, marrying the best of Web2 advances with the innovations inherent in Web3 technologies. Those interested in being part of this revolutionary concept can find out more and request early access to Doma through their official platform.
Topics Business Technology）
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