D3 Global Secures $25 Million in Series A Funding to Drive DomainFi Growth

D3 Global, a domain infrastructure startup, has successfully raised $25 million in a Series A funding round led by venture capital firm Paradigm. Participants in the funding round included Coinbase Ventures, Polygon Labs co-founder Sandeep Nailwal, and HubSpot founder Dharmesh Shah.

The funds will be utilized to support the growth of the DomainFi economy, focusing on technologies that enhance asset composability for domain name operators such as registrars and registries. This strategic investment is expected to drive innovation and expansion within the DomainFi ecosystem.

Introducing Doma Protocol: A New Blockchain Network

D3 has announced the launch of Doma Protocol, a new blockchain platform designed to democratize digital asset ownership for billions of internet users. According to Fred Hsu, CEO and co-founder of D3, “The DomainFi economy will usher in a new era of innovation and financial opportunity as every domain, community, and user comes on-chain.”

“Internet domains have long been a valuable asset class. 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.”

Strategic Partnerships and Community Growth

In addition to the development of Doma Protocol, D3 is leveraging multiple industry partnerships to boost adoption across the DomainFi space. The startup’s newly-launched DomainFi community includes prominent names such as:

  • Solana (with plans to bring web2 and web3 domains to Solana via a bridge)
  • Avalanche (launching .AVAX Top-Level Domain)
  • Plume
  • OneFootball
  • Hockey.com

These partnerships and the Doma Protocol are expected to drive growth and innovation in the DomainFi ecosystem, providing new opportunities for digital asset ownership and financial inclusion.

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