[PRESS RELEASE – Hong Kong, China, December 16th, 2024]
Dtravel, a decentralized platform leveraging blockchain expertise to rework trip leases, has introduced strategic backing from Modular Capital and Escape Velocity Crypto (EV3). These partnerships signify important milestones in Dtravel’s journey to develop a worldwide peer-to-peer trip rental ecosystem.
Strategic Partnerships Driving Development
The current funding from Modular Capital goals to strengthen Dtravel’s place as an progressive chief in decentralized journey. Vincent Jow, Managing Accomplice at Modular Capital, highlighted the platform’s transformative potential:
“Dtravel is revolutionizing the holiday rental trade in the identical manner Shopify reworked ecommerce—by empowering smaller operators to bypass middlemen and join instantly with their clients. With 9,000 hosts throughout 110 nations producing $1M in annualized GMV, Dtravel is attaining fast progress, with 4.5x year-over-year reserving progress and three.5x progress in listings.”
Escape Velocity Crypto (EV3), a distinguished backer of Decentralized Bodily Infrastructure Networks (DePIN), additionally joins Dtravel as a strategic investor.
Sal Gala, Founder at EV3, emphasised the trade’s shift towards decentralized options: “The holiday rental trade is approaching $100 billion in international annual gross sales, with youthful generations more and more choosing distinctive experiences over materials objects. Platforms like Airbnb deal with hosts as suppliers, whereas open, blockchain-based protocols like Dtravel place hosts as homeowners and integral individuals within the ecosystem.”
Empowering Decentralized Journey
Dtravel operates as a DePIN, eliminating centralized management and extreme charges by way of its blockchain-powered ecosystem. By tokenizing bookings into Actual World Belongings (RWAs) on the Base blockchain by way of the Nite Protocol, the platform gives a clear and permissionless knowledge market accessible to any enterprise.
Cynthia Huang, CEO of Dtravel, expressed optimism in regards to the strategic backing: “The assist from Modular Capital and EV3 validates our mission to create a extra clear, environment friendly, and community-driven journey ecosystem. These partnerships will supercharge our efforts to increase the worldwide market of blockchain-powered trip leases and improve the visitor and host expertise.”
Concerning the Traders
Modular Capital
Based in 2022, Modular Capital helps early-stage ventures and liquid tokens utilizing a thesis-driven strategy. The agency collaborates with portfolio corporations by providing strategic introductions, advising on go-to-market methods, designing tokenomics, and extra.
Escape Velocity Crypto (EV3)
Additionally established in 2022, EV3 helps DePIN initiatives and builds public items for decentralized ecosystems. Backed by main traders together with CMT Digital, Citadel Island Ventures, and Ribbit Capital, EV3 fosters innovation by way of strategic investments and partnerships.
About Dtravel
Dtravel leverages blockchain expertise to create a decentralized different to conventional trip rental platforms, providing direct connections between trip rental operators and vacationers. The platform’s distinctive token mannequin drives progress and rewards customers, whereas its open-source Nite Protocol ensures knowledge transparency and innovation.
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