Strategic Alliance Strengthens Dtravel’s Position as Pioneer in Decentralized Vacation Rentals

Dtravel Gains Strategic Support from Modular Capital and EV3 to Scale Decentralized Vacation Rentals

Hong Kong, China – December 16th, 2024 – Dtravel, a pioneering decentralized platform that leverages blockchain technology to revolutionize vacation rentals, has secured strategic backing from esteemed investors Modular Capital and Escape Velocity Crypto (EV3). This substantial support marks a significant milestone for the company as it accelerates its mission to transform the global vacation rental industry.

The partnership with Modular Capital will further solidify Dtravel’s position as an innovative leader in decentralized travel. “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,” said Vincent Jow, Managing Partner at Modular Capital. The company has already achieved impressive growth, boasting 9,000 hosts across 110 countries and generating $1 million in annualized Gross Merchandise Value (GMV). Moreover, Dtravel has demonstrated exceptional resilience with 4.5x year-over-year booking growth and a staggering 3.5x increase in listings.

The involvement of EV3, a prominent backer of Decentralized Physical Infrastructure Networks (DePIN), underscores the industry’s increasing shift towards decentralized solutions. “Platforms like Airbnb treat hosts as suppliers, whereas open, blockchain-based protocols like Dtravel position hosts as owners and integral participants in the ecosystem,” emphasized Sal Gala, Founder at EV3.

Dtravel has established itself as a pioneer by operating as a Decentralized Physical Infrastructure Network (DePIN), abolishing centralized control and excessive fees through its blockchain-powered ecosystem. The company’s unique token model fosters growth and rewards users, while its open-source Nite Protocol ensures data transparency and innovation.

The CEO of Dtravel, Cynthia Huang, expressed enthusiasm regarding the strategic partnership: “The support from Modular Capital and EV3 validates our mission to create a more transparent, efficient, and community-driven travel ecosystem. These partnerships will turbocharge our efforts to expand the decentralized vacation rental market.”

With this significant investment, Dtravel is poised to further accelerate its growth trajectory, driving innovation in the industry and redefining the way travelers connect with vacation rental operators.

About the Companies:

Modular Capital: An early-stage venture firm that collaborates with startups by offering strategic introductions, advising on go-to-market strategies, designing tokenomics, and more.

Escape Velocity Crypto (EV3): A leading investor in Decentralized Physical Infrastructure Networks (DePIN) projects, focusing on building public goods for decentralized ecosystems.

Source: cryptopotato.com