Dtravel, a decentralized platform specializing in vacation rentals, has secured support from leading venture capital firms Modular Capital and Escape Velocity Crypto. This collaboration marks a significant milestone in developing a global peer-to-peer ecosystem.
Strategic Partnerships Driving Growth
Funding from Modular Capital aims to bolster Dtravel's position as an innovative leader in decentralized travel. Vincent Jow, Managing Partner at Modular Capital, highlighted the platform's potential:
“Dtravel is revolutionizing the vacation rental industry in the same way Shopify transformed e-commerce, by empowering 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, with 4.5x year over year booking growth and 3.5x growth in listings.”
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 on the Base blockchain via the Nite Protocol, the platform offers a transparent and permissionless data marketplace accessible to all.
Cynthia Huang, CEO of Dtravel, expressed optimism about the strategic support: “Support from Modular Capital and EV3 validates our mission to create a more transparent, efficient, and community-driven travel ecosystem.”
About the Investors
Founded in 2022, Modular Capital supports early-stage ventures and liquid tokens using a thesis-driven approach. The firm collaborates with portfolio companies, providing strategic advice and assistance in tokenomics design.
Escape Velocity Crypto (EV3), also established in 2022, supports DePIN projects and builds public goods for decentralized ecosystems. Key investors include CMT Digital and Castle Island Ventures.
The partnerships with Modular Capital and EV3 mark an important phase for Dtravel, emphasizing industry shifts towards decentralization and reinforcing user trust. These investments will help expand the global blockchain-powered vacation rental market.
