Web3 domain infrastructure D3 Global completes $25 million Series A financing, led by Paradigm

PANews reported on January 30 that Web3 domain name infrastructure company D3 Global announced the completion of a $25 million Series A financing round, led by Paradigm. Other investors include Coinbase Ventures, Polygon Labs co-founder Sandeep Nailwal, HubSpot founder Dharmesh Shah, and Namecheap CEO Richard Kirkendall.

D3 Global is committed to transforming domain names into tokenized real-world assets and developing financial application tools such as domain name-based lending, decentralized ownership, and digital identity. The company plans to use this round of financing to launch the decentralized network Doma Protocol, which aims to connect traditional Web2 domain names (such as .com and .net) with Web3 domain names (such as .shib and .ape) to achieve cross-domain interoperability.

Earlier news, Web3 domain name startup D3 Global completed a $5 million seed round of financing, led by Shima Capital.