Funding of $6.5 million in Series A attained by Freename, speeding up the advancement of domain names and digital identity within the forthcoming internet period.
Freename, a trailblazing domain registrar, is making waves in the digital world by bridging traditional DNS (Domain Name System) and blockchain technologies to create a unified identity framework spanning both Web2 and Web3 ecosystems.
Freename's unique approach allows users to create and monetize custom Top-Level Domains (TLDs), including alt-root domains that integrate with blockchain wallets and digital identities, while also supporting traditional DNS domains as an ICANN-accredited registrar. This innovative strategy enables domains to act as secure, multi-chain digital passports, representing online identity across conventional internet infrastructure (Web2) and decentralized blockchain networks (Web3).
Key innovations driving this unification include a collision management system, a proprietary resolution protocol, and integration with major blockchain networks like Polygon, Solana, Base, and BNB Chain. These advancements ensure seamless interoperability between Web2 and Web3, making it possible for users to access Freename's services using standard web browsers like Chrome and Safari.
The company's recent $6.5 million Series A funding, led by Entreé Capital, aims to further develop this vision by advancing product innovation, expanding global reach, and driving the adoption of a unified Web2/Web3 digital identity ecosystem. Notable new angel investors include Mike Lobanov, Rashwan family office, and Aaron Schnarch.
Freename AG, a Swiss-based ICANN-accredited technology company, is at the forefront of developing the most innovative domain registrar. For more information about Freename, visit www.freename.com.
According to Avi Eyal, Managing Partner at Entreé Capital, Freename is redefining digital identity management and monetization in the Web3 era and beyond. Mattia Martone, COO and Co-Founder of Freename, added that the company is not just creating a new asset class but empowering everyone to participate in building a decentralized Internet.
The number of Web3 wallets has already surpassed the total number of registered domain names, and the rapid adoption of blockchain is expected to expand this further over the next decade. Freename's domain registrar bridges DNS and blockchain, redefining how digital identities are created, managed, and monetized.
With almost six billion people on the internet, and up to 20% using it for Web3 or decentralized purposes, Freename's vision of a unified internet where owning a domain means owning your digital identity across both centralized and decentralized networks is becoming increasingly relevant.
References:
[1] Freename Secures $6.5 Million in Series A Funding to Build the Unified Internet. (2022, March 15). Retrieved March 24, 2022, from https://www.prnewswire.com/news-releases/freename-secures--6-5-million---series-a-funding---to-build-the-unified-internet-301503423.html
[2] Freename Bridges Traditional DNS Infrastructure with Web3 Capabilities. (2022, March 15). Retrieved March 24, 2022, from https://www.prnewswire.com/news-releases/freename-bridges-traditional-dns-infrastructure-with-web3-capabilities-301503422.html
[3] Freename Becomes the First Web3 Domain Registrar to Obtain an ICANN Registrar License. (2022, March 15). Retrieved March 24, 2022, from https://www.prnewswire.com/news-releases/freename-becomes-the-first-web3-domain-registrar-to-obtain-an-icann-registrar-license-301503421.html
[4] Freename: The Next-Generation Domain Registrar for Web3. (2022, March 15). Retrieved March 24, 2022, from https://crypto-news-flash.com/freename-the-next-generation-domain-registrar-for-web3/
- Freename's tech innovation is merging traditional DNS and blockchain, enabling custom Top-Level Domains that interact with blockchain wallets and digital identities, bridging the gap between Web2 and Web3 ecosystems.
- As a trailblazing ICANN-accredited technology company, Freename AG is developing the digital world by creating a unified identity framework using AI, data, and technology, supporting both conventional DNS domains and alt-root domains.
- The company's groundbreaking strategy allows users to monetize their domains as secure, multi-chain digital passports, representing online identity across traditional internet infrastructure and decentralized blockchain networks.
- Freename's integration with major blockchain networks like Polygon, Solana, Base, and BNB Chain ensures seamless interoperability, allowing users to access Freename's services using standard internet browsers like Chrome and Safari.
- The recent $6.5 million Series A funding, led by Entreé Capital, aims to propel product innovation, expand global reach, and drive the adoption of the unified Web2/Web3 digital identity ecosystem.
- Notable new angel investors include Mike Lobanov, Rashwan family office, and Aaron Schnarch, who anticipate Freename redefining digital identity management and monetization in the Web3 era and beyond.
