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Dtravel Gains Strategic Support from Modular Capital and EV3 to Scale Decentralized Vacation Rentals
In a significant move that is set to disrupt the traditional vacation rental industry, Dtravel has announced strategic partnerships with Modular Capital and Escape Velocity Crypto (EV3). These new alliances aim to supercharge the platform’s growth and expansion into a global decentralized vacation rental marketplace.
Modular Capital, founded in 2022, has backed early-stage ventures and liquid tokens using a thesis-driven approach. The firm collaborates closely with its portfolio companies by offering strategic introductions, advising on go-to-market strategies, designing tokenomics, and more. With this partnership, Dtravel gains access to Modular Capital’s extensive network and expertise.
The addition of EV3, another prominent backer of Decentralized Physical Infrastructure Networks (DePIN), further solidifies the company’s commitment to decentralized travel solutions. As an early mover in the space, Dtravel is poised to capitalize on the growing demand for unique experiences and community-driven vacation rentals.
Dtravel’s innovative approach revolves around its blockchain-powered ecosystem, eliminating centralized control and excessive fees through tokenized bookings of Real World Assets (RWAs) on the Base blockchain via the Nite Protocol. This allows for a transparent and permissionless data marketplace accessible to any business, empowering hosts and guests alike.
According to Vincent Jow, Managing Partner at Modular Capital, “Dtravel is revolutionizing the vacation rental industry in the same way Shopify transformed ecommerce—by enabling smaller operators to bypass middlemen and connect directly with their customers. With 9,000 hosts across 110 countries generating $1 million in annualized GMV, Dtravel is achieving rapid growth, boasting a staggering 4.5x year-over-year booking growth and 3.5x growth in listings.”
Sal Gala, Founder at EV3, highlighted the industry’s shift towards 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 Dtravel will democratize the market by fostering community-driven rentals and disrupting traditional business models.”
In response to this strategic support, Dtravel remains committed to creating a more equitable and transparent marketplace. The platform’s open-source Nite Protocol ensures data transparency and innovation, while its unique token model drives growth and rewards users.
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Source: cryptopotato.com
