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D3 Raised $25M Series A Led by Paradigm to Launch First Blockchain for Domain Names

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D3 Global, a leader in DomainFi infrastructure, has announced a $25 million Series A funding round led by Paradigm, with participation from Coinbase Ventures, Polygon Labs co-founder Sandeep Nailwal, HubSpot founder Dharmesh Shah, and Namecheap CEO Richard Kirkendall. This backing from both Web2 and Web3 leaders underscores the growing momentum behind D3’s vision to transform internet domain names into a blockchain-powered asset class.

D3’s Mission: Bringing Domain Names to the Blockchain

D3 is pioneering the DomainFi network, built on the newly announced Doma Protocol, a blockchain designed to integrate seamlessly with the Internet’s Domain Name System (DNS). This innovation aims to:

  • Unlock new liquidity in the $340 billion domain industry
  • Enable fractional ownership and domain-based lending
  • Enhance digital identity and branding opportunities

By bridging traditional domain registration with Web3 technology, D3’s approach positions domains as tokenized digital real estate, enabling new financial models and investment opportunities.

The Doma Protocol: A Decentralized Infrastructure for Domains

Doma Protocol is the first blockchain built specifically for internet domain stakeholders, ensuring compliance with ICANN regulations and DNS industry standards. Key features include:

  • Full compatibility with existing DNS infrastructure
  • Seamless integration for registries, registrars, and crypto communities
  • On-chain domain tokenization for increased liquidity and composability

Doma also acts as a bridge between traditional DNS and Web3 domain systems, allowing domains to be traded, transferred, and managed with the flexibility of blockchain technology. By handling ICANN compliance and DNS-specific operations on-chain, D3 simplifies the adoption of decentralized domain ownership for businesses and individuals alike.

A Paradigm Shift for the Domain Industry

With this funding, D3 aims to redefine how domains are valued, utilized, and monetized in both Web2 and Web3 ecosystems. As digital identity and decentralized finance continue to converge, D3’s DomainFi network positions domain names as a next-generation asset class—unlocking new opportunities for innovation and investment.

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