Freename Secures $6.5 Million to Bridge Web2 and Web3 Digital Identities

July 27, 2025, 3:32 pm
Polygon
Polygon
Location: United Arab Emirates, Abu Dhabi Emirate, Abu Dhabi
Employees: 201-500
Polymorphic Capital
FinTechCryptoGamingServicePlatformITBlockchainHouseIndustrySmart
Employees: 1-10
Blockchain Founders Fund
Blockchain Founders Fund
Location: Singapore
Employees: 11-50
Founded date: 2018
Freename recently closed a $6.5 million Series A funding round. This significant capital injection accelerates its pioneering work in unifying Web2 and Web3 digital identities. The company skillfully merges traditional DNS infrastructure with blockchain technology. It provides programmable, secure domain names compatible across major chains like Polygon and Solana. Freename empowers users to create and monetize custom Top-Level Domains. Their innovations include advanced collision management and an ICANN license. This funding drives global expansion, product innovation, and the crucial bridge between old and new internet ecosystems.

The internet constantly evolves. Billions navigate its vast landscape daily. A significant portion engages with Web3. This decentralized realm demands new infrastructure. The gap between traditional Web2 systems and emerging Web3 ecosystems is substantial. Freename addresses this critical divide.

The company recently announced a $6.5 million Series A funding round. Entrée Capital led the investment. Polymorphic Capital also participated. Existing investors, including Sparkle Ventures and Blockchain Founders Fund, continued their support. Notable new angel investors joined. Mike Lobanov, from Target Global, is among them. The Rashwan family office also contributed. Aaron Schnarch, former Coinbase Custody CEO, added his backing. This capital infusion signals strong confidence in Freename's vision.

Freename's core mission is unification. It builds a bridge between Web2 and Web3. The current online landscape faces challenges. Web3 wallets, for instance, already outnumber traditional domain names. This trend will only intensify. Freename solves issues like IP and wallet address mending. It resolves critical collision problems. It also streamlines blockchain metadata.

The company redefines the domain name space. It integrates traditional DNS with Web3 capabilities. This allows wallets to interact natively. They connect with websites, services, and digital identities. Decentralized systems are gaining prominence. Freename introduces a novel paradigm. Domain names are not just readable. They are programmable. They are functional. They are secure across multiple blockchains.

Freename empowers individuals and businesses. They can create unique custom Top-Level Domains, or TLDs. This unlocks new revenue streams. Second-level domain sales become possible. The company's proprietary DNS technology ensures wide compatibility. It supports major blockchain networks. Polygon, Solana, Base, and BNB Chain are all integrated. Crucially, these domains remain accessible. Standard browsers like Chrome and Safari can resolve them. This accessibility is a key step towards mainstream Web3 adoption.

Innovation drives Freename's progress. A unique collision management system is in place. It resolves identical domain names. It works across all major blockchains. It manages Web3 registrars. This prevents conflicts and confusion. Freename also developed a proprietary resolution protocol. This protocol is licensed to traditional DNS providers. It ensures seamless interoperability. Web2 and Web3 naming systems connect effortlessly.

In just three years, Freename has emerged as a leader. It targets a massive market. The Total Addressable Market stands at $141 billion. The company achieved significant milestones. It launched the world’s first on-chain DNS. This system is readable by traditional browsers. This breakthrough is vital for broader Web3 acceptance. Freename also became the first Web3 domain registrar. It obtained an ICANN Registrar License. This enables the sale of traditional domains. This dual capability is unique.

The newly secured funding has specific purposes. It will accelerate product innovation. It will expand Freename’s global reach. A key objective is unifying digital identity ecosystems. This includes both Web2 and Web3. The company aims to enable traditional IP addresses. It also focuses on wallet addresses. All operations will occur in a regulated manner.

Freename’s approach is comprehensive. Its multi-chain strategy is robust. Its regulatory posture is strong. These factors position the company as a true category leader. The future of digital identity is evolving. Freename stands at the forefront of this evolution. It supports existing traditional domains. New products are also on the horizon. The company aims to be the next generation of domain name providers.

The internet’s next era demands a unified identity layer. Freename believes in this vision. It creates a new asset class. It empowers participation in a decentralized internet. Domains become secure, multi-chain digital passports. This funding accelerates Freename's mission. It enables global scaling of this transformative vision. The future internet will be more integrated. Freename builds its foundation.