Web3 Domains Platform Freename Closes $2.5 Million Seed Funding Round

Freename, a Web3 TLDs and Domains platform, has closed a $2.5 million seed round led by Sparkle Ventures with participation from the Blockchain Founders Fund, Golden Record Ventures and Abalone Asset Management.

Freename allows users to create their own top-level domains (TLDs) and second-level domains (SLDs) on multiple blockchains. These Web3 domains represent a digital identity that can be used for a various functions such as sending and receiving crypto payments, sending Web2 and Web3 emails, browsing traditional websites and building decentralized websites. On Freename, each TLD owner can become a real registrar, generating ongoing revenue as new users register domain names on their TLDs.

Products developed by Freename include Web3 WHOIS, a domain explorer that queries wallets, domains, and TLDs from Freename, Unstoppable Domains, and ENS registry. In addition, its products include the Freename Browser Extension, which is compatible with Chrome, Brave and Firefox, and can send crypto payments by integrating with MetaMask and other major decentralized wallets.

Stay updated with the most important cryptocurrency news and valuable insights, conveniently delivered to your email every day. Subscribe to the TokenInsight mailing list now!

Prefer social media? Follow us on Twitter, or subscribe to our Telegram channel!

If you have news reports or announcements that you want to reach a wider audience, feel free to email us at news@tokeninsight.com

Source