D3 Global, a startup dedicated to integrating Web3 principles with existing internet infrastructure, has successfully secured $5 million in seed funding. The financing round was spearheaded by Shima Capital and featured participation from notable investors like Arthur Hayes‘ Maelstrom, among others.
Shima Capital Supports D3 Global With a 5 Million Dollars Investment In Domain Names
The company prides itself on its possession of “patent-pending technology” capable of enhancing interoperability for both web2 and web3 internet realms, all the while bolstering utility and security. D3 has announced its intention to participate in the upcoming ICANN application window to seek and obtain new Top Level Domains, enabling secure identities natively supported across all browsers and devices.
Our vision extends far beyond the traditional utility of domain names as mere website addresses. We aim to fully utilize blockchain technology to offer domains that serve as secure digital identities
D3 Global co-Founder and CEO Fred Hsu
The Trust Metaverse
Top Level Domains are primarily overseen by ICANN, the Internet Corporation for Assigned Names and Numbers. D3’s investors are confident in the company’s ability to bridge Web3’s emphasis on interoperability and digital ownership with the foundations of traditional Internet infrastructure. Additionally, D3 is set to launch an on-chain domain marketplace, which will encompass the tokenization of over 1,000 top-level domains.
D3’s seed funding round also saw the participation of other key investors, including Lightshift, Dispersion Capital, VentureSouq, and Infinite Capital, along with Identity Digital founder Paul Stahura, as highlighted in the company’s official statement.
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