Hong Kong, China, December 16th, 2024,
Chainwire
Dtravel, a decentralized platform leveraging
blockchain technology to transform vacation rentals, has announced
strategic backing from Modular Capital and
Escape Velocity Crypto (EV3). These partnerships
signify significant milestones in Dtravel's journey to develop a
global peer-to-peer vacation rental ecosystem.
Strategic Partnerships Driving Growth
The recent funding from Modular Capital aims to reinforce
Dtravel's position as an innovative leader in decentralized travel.
Vincent Jow, Managing Partner at Modular Capital, highlighted the
platform's transformative potential:
“Dtravel is revolutionizing the vacation rental
industry in the same way Shopify transformed ecommerce—by
empowering smaller operators to bypass middlemen and connect
directly with their customers. With 9,000 hosts across 110
countries generating $1M in annualized GMV, Dtravel is achieving
rapid growth, with 4.5x year-over-year booking growth and 3.5x
growth in listings.”
Escape Velocity Crypto (EV3), a prominent backer of
Decentralized Physical Infrastructure Networks (DePIN), also joins
Dtravel as a strategic investor.
Sal Gala, Founder at EV3, emphasized the industry’s
shift toward decentralized solutions: “The vacation rental industry
is approaching $100 billion in global annual sales, with younger
generations increasingly opting for unique experiences over
material items. Platforms like Airbnb treat hosts as suppliers,
whereas open, blockchain-based protocols like Dtravel position
hosts as owners and integral participants in the
ecosystem.”
Empowering Decentralized Travel
Dtravel operates as a DePIN, eliminating centralized control and
excessive fees through its blockchain-powered ecosystem. By
tokenizing bookings into Real World Assets (RWAs) on the Base
blockchain via the Nite Protocol, the platform provides a
transparent and permissionless data marketplace accessible to any
business.
Cynthia Huang, CEO of Dtravel, expressed optimism about
the strategic backing: “The support from Modular Capital and EV3
validates our mission to create a more transparent, efficient, and
community-driven travel ecosystem. These partnerships will
supercharge our efforts to expand the global marketplace of
blockchain-powered vacation rentals and enhance the guest and host
experience.”
About the Investors
Modular Capital
Founded in 2022, Modular Capital supports
early-stage ventures and liquid tokens using a thesis-driven
approach. The firm collaborates with portfolio companies by
offering strategic introductions, advising on go-to-market
strategies, designing tokenomics, and more.
Escape Velocity Crypto (EV3)
Also established in 2022, EV3 supports DePIN projects
and builds public goods for decentralized ecosystems. Backed by
leading investors including CMT Digital, Castle Island Ventures,
and Ribbit Capital, EV3 fosters innovation through strategic
investments and partnerships.
About Dtravel
Dtravel leverages blockchain technology to create a
decentralized alternative to traditional vacation rental platforms,
offering direct connections between vacation rental operators and
travelers. The platform’s unique token model drives growth and
rewards users, while its open-source Nite Protocol ensures data
transparency and innovation.
Website | Twitter | LinkedIn | Telegram | Discord
Contact
CEO
Cynthia
Huang
Newstart
Services
cynthia@dtravel.com