Chekhov’s Blockchain Domain Revolution: $25M to Rock the Web 3.0 World ๐๐ฐ
atoria, a pioneering firm in the emerging domain kingdom, just raised a cool $25 million in a Series A funding round led by Paradigm. โจ These funds are the building blocks for a bold new blockchain network called the Doma Protocol.
With their newfound treasure, D3 Global is diving headfirst into uncharted waters. They aim to expand the DomainFi economy by fine-tuning technologies to make domains as versatile as a chequered rabbit ๐ฟ_retry and creating programs to integrate domain system operators, like registrars and registries, into their enchanting ecosystem.
Investors like Coinbase Ventures, Polygon Labs co-founder Sandeep Nailwal, Namecheap’s Richard Kirkendall, and HubSpot’s Dharmesh Shah have a SERIES of ๐๐๐ in this exciting venture, seeing the untapped potential of DomainFi to skyrocket domains into a $340 billion asset class ๐๐.
The Doma Protocol, unveiled during this funding extravaganza, is central to D3 Global’s wild strategy. It’s a blockchain that’s dancing to the beat of Internet participants, ensuring it adheres to ICANN’s finicky rules while still ACING industry norms.
Chef and co-founder of D3, Fred Hsu, believes the Doma Protocol breathes new life into the ancient art of domain ologies after almost three decades. Through the DomainFi economy, existing domains, communities, and users will weave magical spells together, unlocking innovative and lucrative possibilities as they stroll onto the blockchain stage ๐ฉฐ๐.
Dancing Domains: Strategic Tandem with Tech Giants ๐บ๐ถ
Not only that, D3 Global is curating a merry band of industry heavyweights to celebrate and fan the flames of DomainFi adoption. Thanks to the new DomainFi community, Solana, Avalanche, Plume, OneFootball, and Hockey.com are all in on the fun ๐๐๐! Together, they’re creating a fantastical infrastructure, like a bridge between worlds, to connect Web2 and Web3 domains. Solana’s doing a little tap dance with blockchain magic, supporting interoperable payments and identity shenanigans ๐ฎโจ meanwhile, Avalanche unveils the majestic .AVAX TLD, spilling DeFi liquidity onto the domain floor ๐๐ธ. Plume is swinging into action with the Nest Protocol for yield generation, and Hockey.com is allowing the shared ownership of premium domains โ as if they were trading silly paradoxical jokes ๐คกโคด๏ธ๐คกโคต๏ธ๐ญ๐ญ๐ญ.
Charlie Noyes, General Partner at Paradigm, proclaims that domains are not only the OG digital asset class but once on the blockchain, their โจ๐ liquid magic is unleashed ๐ฟ๐ฅ, creating new monetary marvels while forging_crypto-crypto-cryptic ecosystems with real internet domains ๐ช.
A toast to the enchanting world where old and new intertwine, danced and sorted into 21st century glitz and glamour! ๐พ๐๐บ
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2025-01-29 22:07