Freename Secures $6.5 Million Collection A to Speed up the Way forward for Area Names and Digital Identification within the New Web Period

Freename, a number one area registrar bridging DNS and Blockchain applied sciences, right this moment introduced the closing of a $6.5 million Collection A funding spherical. The brand new capital will drive product innovation, develop Freename’s international footprint,  additional unify Web2 and Web3 digital identification ecosystems and allow not simply conventional IP addresses but in addition pockets addresses in a regulated method. 

The spherical was led by Entrée Capital with participation from Polymorphic Capital, in addition to continued help from seed buyers Sparkle Ventures, Blockchain Founders Fund, and Golden Report Ventures. Notable new angel buyers joined the spherical, together with Mike Lobanov (Co-Founding father of Goal World), Rashwan household workplace, and Aaron Schnarch (former CEO of Coinbase Custody).

With nearly six billion folks on the web, and as much as 20% utilizing it for Web3 or decentralized functions, there must be a bridge between the previous and new on-line worlds. The variety of Web3 wallets has already surpassed the whole variety of registered domains, and the speedy adoption of blockchain is predicted to develop this additional over the subsequent decade. Freename is constructing the expertise and infrastructure that fixes points related to closing this hole, together with mending IP and pockets addresses, resolving collisions and blockchain metadata points. 

Freename is redefining the area area by merging conventional DNS infrastructure with Web3 capabilities, enabling wallets to natively work together with web sites, companies, and digital identities. As decentralized techniques grow to be extra outstanding, Freename affords a brand new paradigm for domains, the place names will not be solely readable but in addition programmable, purposeful, and safe throughout blockchains.

“In Web2, domains are static; they level to servers. In Web3, they grow to be dynamic, pointing to wallets, good contracts, and on-chain reputations. That shift unlocks a completely new layer of digital identification.” stated Davide Vicini, CEO and Co-Founding father of Freename. “Freename is constructing the inspiration for a unified Web, the place proudly owning a website means proudly owning your on-line identification throughout each conventional and decentralized infrastructures.”

Freename empowers people, companies, and communities to create and monetize customized High-Degree Domains (TLDs), opening new income streams by means of second-level area gross sales. Its proprietary DNS expertise ensures compatibility throughout main blockchain networks together with Polygon, Solana, Base, and BNB Chain, whereas remaining accessible from customary browsers like Chrome and Safari.

Key improvements embody a collision administration system that resolves an identical domains throughout all main blockchains and Web3 registrars, and a proprietary decision protocol licensed to conventional DNS suppliers guaranteeing seamless interoperability between Web2 and Web3 naming techniques.

“Freename is redefining how digital identities are managed and monetized within the Web3 period and in future,” stated Avi Eyal, Managing Associate at Entrée Capital. “Freename’s multi-chain method and powerful regulatory posture makes the corporate true class leaders. We’re proud to help their subsequent part of development. Coupled with their help for current conventional domains and new merchandise to be launched quickly, we consider they’re the subsequent technology of area title suppliers.”

“Freename was born from the idea that the subsequent period of the Web calls for a unified, interoperable identification layer,” added Mattia Martone, COO and Co-Founding father of Freename. “We’re not simply creating a brand new asset class, we’re empowering everybody to take part in constructing a decentralized Web the place domains act as safe, multi-chain digital passports. This funding accelerates our mission to scale that imaginative and prescient globally.”

In simply three years, Freename has quickly established itself as a pacesetter within the area area specializing in a $141 billion Complete Addressable Market. It has launched the world’s first on-chain DNS able to being learn by conventional browsers like Safari and Chrome, a serious step towards mainstream Web3 adoption, and have become the primary Web3 area registrar to acquire an ICANN Registrar License, unlocking the flexibility to promote conventional domains.

About Freename

Freename AG is a Swiss-based ICANN-accredited expertise firm growing probably the most progressive area registrar. By bridging DNS and blockchain, Freename is redefining how digital identities are created, managed, and monetized and the way the Web can embrace wallets worldwide. For extra info, please go to: www.freename.com

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