Key Points:
- D3, a domain registration startup, has raised $25 million in a funding round led by Paradigm, with participation from Coinbase Ventures.
- The funds will be used to launch the Doma Blockchain in the coming months.
D3 secures $25M from Paradigm to launch Doma Blockchain.
D3’s $25 Million Funding Boosts Doma Blockchain Launch
D3 is a blockchain-based domain registration startup that has managed to raise $25 million in its latest funding round. Paradigm, one of the leading investment firms in the crypto space, led the funding round, while Coinbase Ventures also participated. This funding is a big boost for the company, which intends to scale its operation and develop new blockchain-based solutions for domain registration.
This investment will let D3 continue working on its platform, which essentially wants to make the registering and managing of domain names a breeze. With the backing from two of the most prominent venture capital firms in the industry-Paradigm and Coinbase Ventures-D3 is well-poised to develop the technological infrastructure and innovative tooling needed for the fast-growing ecosystem, according to Fortune.
Read more: Sonic Review: Next-Generation EVM Layer 1 Blockchain
Doma Blockchain to Transform Domain Registration with Blockchain Technology
The Doma Blockchain, once launched, will impose a new wave of revolution in the domain registration industry by introducing blockchain into it. This means better security, greater transparency, and increasing efficiency in handling domain names, thus providing users with a safe place for their digital assets.
The Doma Blockchain uses blockchain technology that ensures a smooth and decentralized domain registration process. With this, it will eliminate fraud and centralization, one of the conventional issues, and will give users more control over their domains while being able to assure higher security and reduce costs in the long run.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |