With the development of Web3 and Blockchain, the demand for domain control is increasing. D3 was born with the mission of modernizing and turning domains into tradable assets that are easily manageable on the Blockchain platform. So what are the special features of D3? Let's explore the DomainFi project in the crypto market through the article below!
What is D3? Exploring the DomainFi project in the crypto market
What is D3?
D3 is a pioneering network building the new generation internet infrastructure, helping to tokenize domains into tradable and exploitable digital assets. Through DomainFi, D3 modernizes the traditional domain system, turning them into divisible assets that can be staked and integrated into financial products, opening up new money-making opportunities.
D3 project homepage
With the Doma Protocol, a Blockchain specialized for DomainFi, D3 ensures fast, secure and transparent transactions, making domains more liquid and accessible than ever before. This is not only a step forward in domain management, but also a platform for a decentralized internet where users truly own their digital identities.
Distinctive features of the D3 project
The distinctive feature of D3 is its operation as a specialized network to tokenize domains into digital assets, allowing them to be traded, programmed and exploited financially. The core of the system is the Doma Protocol, a Blockchain designed to modernize and increase the liquidity of hundreds of millions of domains.
D3 domain creation application
With an open infrastructure, D3 encourages developers to build applications related to identity, access and transactions on this platform. To facilitate integration, D3 provides 3 methods: D3 Link (redirecting users to the D3 payment page), D3 Embed (customizable widget embedded directly into the platform) and D3 API (a powerful toolkit for full feature integration).
Additionally, the DNS Connect SDK helps unify name resolution services on both traditional DNS and Web3, facilitating the use of domains in the Blockchain ecosystem. D3 also supports many major Blockchains such as Ethereum, Bitcoin, Polygon, ApeChain, Core DAO and Cardano, expanding the application capabilities from digital asset transactions, sending/receiving cryptocurrencies to building highly liquid markets.
D3 project features
- Top Level Domains (TLD): Providing TLDs for Web3 businesses, helping to expand brands and reach Web2 users. D3 collaborates with ICANN to simplify the TLD registration process.
- Decentralized Identifier (DID): Allowing users to own domains in the form of Non-Fungible Tokens.
- D3 Link: The simplest integration solution, allowing users to be seamlessly redirected to D3 payment pages.
- D3 Embed: Customizable embedded widget, supporting domain search and purchase using multiple Blockchains, suitable for your brand.
- D3 API: A powerful API set, allowing full integration of D3 features into your application.
- DNS Connect SDK: Unifying Web3 name resolution services, supporting DNS, ENS and providing seamless connectivity between the traditional Internet and Web3.
Detailed information about the project's token
Currently, D3 has not officially announced the token and tokenomics of the project. Coin68 will update the information as soon as details are available.
D3 project development roadmap
At the moment, D3 has not officially announced the project's development roadmap. Coin68 will update the information as soon as details are available.
D3 project development team
D3 project development team
- Fred Hsu: Co-founder, Chief Executive Officer (CEO).
- Shay Chinn: Co-founder, Chief Architect.
- Michael Ho: Co-founder, Chief Business Officer.
- Inder Singh: Vice President of Product & Technology.
- Kai Sung: Vice President of Engineering.
- Anand Vora: Vice President of Business Development & Partnerships.
- Mark Trang: Director of Marketing.
- Kevin Kreuser: Vice President, Senior Advisor.
Investors in the D3 project
Investors in the D3 project
D3 successfully raised $5 million in a Seed round on September 5, 2023, led by Shima Capital, with participation from Maelstorm, Infinite Capital, and Dispersion Capital.
Additionally, D3 has completed a $25 million Series A round, with participation from Paradigm, Coinbase Ventures and angel investors such as Dharmesh Shah (HubSpot), Sandeep Nailwal (Polygon Labs), and Richard Kirkendall (Namecheap).
Conclusion
Through this article from Coin68, you should now have a basic understanding of the D3 project to form your own assessment.
Note: The information in this article is not to be considered investment advice, and Coin68 is not responsible for any investment decisions made by you.
