HomeUSAD3 Raises $25M in Series A Funding

D3 Raises $25M in Series A Funding

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D3

D3, a Los Angeles, CA-based DomainFi infrastructure company, raised $25M in Series A funding.

The round was led by Paradigm with participation from Coinbase Ventures, Sandeep Nailwal, co-founder of Polygon Labs, Dharmesh Shah, the founder of HubSpot, and Richard Kirkendall.

The company intends to use the funds to accelerate its commitment to building the DomainFi economy, including technologies to expand domain functionality as composable assets and programs to onboard domain name system operators.

Led by CEO Fred Hsu, D3 is building a DomainFi network on the Doma Protocol, a 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 generate new liquidity, innovation, and financial opportunities for the internet domain industry as well as major crypto communities. Its DomainFi network will offer participants benefits such as asset appreciation, fractional ownership, domain-based lending, and enhanced digital identity and branding.

Alongside Doma’s launch, D3 also unveiled partnerships with Solana, Avalanche, OneFootball, Plume and Hockey.com.

FinSMEs

29/01/2025

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