Switzerland-based domain registrar Freename raised $6.5 million in a Series A funding round in a significant milestone toward its goal of unifying blockchain and legacy internet infrastructure.
Entrée Capital led the investment round, with participation from Polymorphic Capital and previous seed investors, including Sparkle Ventures, Blockchain Founders Fund, and Golden Record Ventures.
Several angel investors also participated, including Mike Lobanov, co-founder of Target Global, Rashwan Family Office, and Aaron Schnarch, former CEO of Coinbase Custody.
The funding round also demonstrates heightened investor confidence in Freename’s Web3 domain vision and its ability to build the decentralized future of digital identity systems.
Building Web3 Infrastructure With Tailored TLDs
In its core, Freename enables users to create and manage their own Top-Level Domains (TLDs), offering a new space for people, brands, and communities to build Web3-native domain ecosystems.
Not only can users register custom domain extensions, but they can also earn passive income from the sales of second-level domains, mirroring traditional DNS business models in a decentralized framework.
Through the use of proprietary DNS technology, Freename enables such domains to interoperate on leading blockchain networks like Polygon, Solana, Base, and BNB Chain.
The company’s utilities also would allow domains to be accessed via standard web browsers like Chrome and Safari, a fundamental factor in achieving mass adoption and interoperability between Web2 and Web3 systems.
Capital to Drive Growth, Innovation, and Interoperability
With the new capital on board, Freename is looking to accelerate product development and expand its collaborations with both Web2 and Web3 ecosystem players.
The startup is also looking to harmonize digital identity management by integrating wallet addresses and blockchain-native domains with legacy internet infrastructure in a regulatory-compliant form.
Guided by CEO Davide Vicini and COO Mattia Martone, Freename is committed to creating an intuitive, enterprise-level platform that seamlessly integrates legacy environments into blockchain networks.
The development encompasses identity applications and NFT integration alongside enterprise-level domain management throughout decentralized networks.
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Proprietary Tech Facilitating Smooth Web2-Web3 Compatibility
One of Freename’s most important innovations is its system for collision resolution, designed to resolve similar domain names on different blockchains and Web3 domain registrars.
It prevents name conflicts and enhances the stability of digital identities in decentralized networks.
The distinctive resolution protocol of the platform, already licensed to traditional DNS operators, also achieves seamless interoperability among Web2 infrastructures and DNS based on blockchain.
The twin-stack approach significantly lowers the barrier to entry for established companies to join the Web3 ecosystem without sacrificing established internet protocols.
Broader Market Suggests Web3 Infrastructure Venture Capital on the Up
Freename’s raise comes after a broader surge in venture capital investment in blockchain infrastructure projects.
In other fundraising news, BridgePort raised $3.2 million to develop its crypto OTC settlement solution.
Also, in July, Zypher Network secured $7 million to scale its AI-powered Web3 infrastructure based on zero-knowledge proofs.
They are all a part of a bigger industry trend: investors are now financing startups developing building block tools and platforms to fuel the next wave of decentralized apps.
Freename’s positioning between DNS and blockchain makes it a pioneer in this rapidly evolving space, and its latest funding round is an affirmation of its strategic importance.
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