Revolutionizing Web3 Domains: Freename Secures Astounding $6.5M Funding
Main Idea
Freename, a Swiss multichain Web3 domain provider, has raised $6.5 million in Series A funding to advance its mission of unifying Web2 and Web3 digital identity ecosystems through blockchain-based domain ownership.
Key Points
1. Freename secured $6.5 million in Series A funding led by Entrée Capital, with participation from Polymorphic Capital, Sparkle Ventures, and Golden Record Ventures.
2. Web3 domains differ from traditional Web2 domains by being blockchain-based, offering true ownership via NFTs and eliminating centralized control.
3. The funding will focus on bridging Web2 and Web3 digital identities, enhancing interoperability, and simplifying user experiences like cryptocurrency transactions.
4. Freename aims to create a unified digital identity system where users can manage domains across multiple blockchains, improving accessibility and usability.
5. Web3 domains can replace complex wallet addresses with human-readable names (e.g., `yourname.crypto`), reducing errors in transactions.
Description
BitcoinWorld Revolutionizing Web3 Domains: Freename Secures Astounding $6.5M Funding In the rapidly evolving landscape of decentralized technologies, a significant milestone has been achieved that promises to redefine our online identities. Freename, a pioneering multichain Web3 domain provider based in Switzerland, has successfully closed a remarkable $6.5 million Series A funding round. This infusion of capital is not just a financial win; it’s a powerful endorsement of the burgeoning potentia...
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