In the rapidly evolving world of blockchain technology, D3 is making a significant stride by raising $5M in seed funding for their innovative project. D3 aims to revolutionize web domains by building interoperable web2<>web3 domain names. This funding round marks a milestone for D3 as they move closer to their vision of offering secure identities that are natively supported on all browsers and devices. In this blog post, we will delve into the details of D3’s fundraising round and its potential impact on the crypto market.

D3 successfully secured $5M in its seed funding round, with the announcement made on September 5, 2023. The lead investor in this round was Shima Capital, Maelstrom Infinite Capital, and Lightshift Capital. D3’s primary goal is to bridge the gap between traditional web domains (web2) and decentralized web domains (web3). They plan to achieve this by applying for and acquiring new Top Level Domains (TLDs) during ICANN’s upcoming application window. By offering secure identities that are natively supported on all browsers and devices, D3 aims to enable seamless interaction between web2 and web3 platforms. This interoperability has the potential to unlock new possibilities and accelerate widespread adoption of decentralized technologies.

The integration of web2<>web3 domain names advocated by D3 could have far-reaching implications. It has the potential to simplify user experiences in the decentralized space, making blockchain-powered applications more accessible to a wider audience. Additionally, the secured and interoperable web domains offered by D3 could enhance digital identity management, addressing privacy and security concerns.

Their vision of bridging the gap between traditional web domains and decentralized web domains holds the promise of revolutionizing how we interact with the internet. As D3 continues to develop and acquire Top-Level Domains, we can expect to see further advancements in web identity management and increased adoption of blockchain-based technologies.