D3 Global, the DomainFi infrastructure leader, announced the closing of a $25M Series A funding round led by Paradigm. The round was also joined by notable investors including Coinbase Ventures, Sandeep Nailwal, co-founder of Polygon Labs, Dharmesh Shah, the founder of HubSpot, and Richard Kirkendall, CEO of Namecheap, highlighting support from Web2 and Web3 leaders for DomainFi, a decentralized finance layer to accelerate the growth of domains as a $340B+ real-world asset class.
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D3 is building the world’s first DomainFi network on the Doma Protocol, an innovative blockchain that transforms existing and future domains into a modern form of digital real estate. By announcing the launch of Doma Protocol, D3 aims to unlock new liquidity, innovation, and financial opportunities for the internet domain industry as well as major crypto communities. D3’s DomainFi network will offer participants substantial benefits such as asset appreciation, fractional ownership, domain-based lending, and enhanced digital identity and branding.
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“Internet domains have long been a valuable asset class,” said Fred Hsu, CEO and Co-Founder of D3. “And for the first time in nearly three decades, we have the opportunity to modernize and transform the technologies and processes currently used by the domain industry through the Doma Protocol. The DomainFi economy will usher in a new era of innovation and financial opportunity as every domain, community, and user comes on-chain.”
“Domains were the first digitally native asset class and are still one of the largest,” said Charlie Noyes, General Partner at Paradigm. “Bringing domains on-chain will make them more liquid and enable innovative new types of financial products, while giving crypto ecosystems like Solana access to names that work with the rest of the existing internet. The D3 team is uniquely suited to rebuilding domain infrastructure for the future of digital markets, and we’re excited to back them.”
Funds raised from this round will accelerate D3’s commitment to building the DomainFi economy, including technologies to expand domain functionality as composable assets and programs to onboard domain name system operators—such as registrars and registries—to utilize DomainFi for their operations. Through strategic partnerships within the traditional domain industry and top Web3 communities, D3 will pave the way for DomainFi to democratize digital asset ownership for over 5 billion connected Internet users, transforming the domain industry on a global scale.
About D3 Global
D3 Global is building the world’s first DomainFi network to tokenize 362M+ existing and future domains as real-world assets. D3 unlocks the financial potential of domains by building on Doma Protocol, a decentralized blockchain infrastructure that bridges traditional Internet domains (.com, .net, .ai, and .org) and future domain extensions from the Web3 world (.shib, .near, .core, and .ape).
