Today, we're thrilled to bring you amazing news that is going to propel Freename and the Web3 Domain space into new heights.
In a major step forward for the Web3 ecosystem, we are proud to announce the successful culmination of our seed funding round.
Freename managed to secure investments of $2.5 million. The round was led by Sparkle Ventures, with participation from Blockchain Founders Fund, Golden Record Ventures, Abalone Asset Management and His Highness Sheikh Mayed Al Qasimi, signaling confidence in the Web3 ecosystem.
As a frontrunner in Web3 TLDs and Domains, this capital infusion symbolizes more than just financial support; it's a testament to our disruptive business model and the promising horizon ahead.
Sparkle Ventures is a VC fund manager investing in early-stage cutting-edge technologies developed by top-tier founders organizing the new web usages. Sparkle Ventures, acting as a highly strategic investment manager in conjunction with Animoca Brands, has been recognized for supporting middleware and infrastructure catalysts globally. Sparkle Ventures actively supports its portfolio companies in building up a dominant position by leveraging its technical expertises and its global network through various industries.
It is fantastic: investors who do not have such large sums of money at their disposal can equally participate in Freename. Anyone can buy a TLD for only $79!
Cool thing - we are in a crypto bear market and investors are spending money on this project that can really disrupte the domain industry. A strong sign of trust !!!