Dtravel is enabling a global network of vacation rental listings that can be booked directly with owners and operators, rewarding participants with its native ecosystem token, TRVL.
DUBAI, UAE / ACCESSWIRE / February 8, 2024 / Borderless Capital has given Dtravel their stamp of approval with a token investment into TRVL. The partnership not only brings investment, but opens up a wealth of expertise and networking opportunities that will support Dtravel in becoming a leading provider for the vacation rental industry.
Launched in 2021, Dtravel is a peer-to-peer vacation rental ecosystem that has grown significantly over the last three years, winning travel industry awards and empowering thousands of vacation rental operators with the infrastructure to accept bookings without intermediaries. Instead of opting for a traditional marketplace model, Dtravel provides vacation rental operators with a direct booking product suite, the ability to create a smart contract powered direct booking website, accept crypto payments, and distribute listings through Dtravel's direct distribution network.
Dtravel is set to launch a second application that will allow travelers to easily discover and book ecosystem listings directly with owners and operators. In exchange for contributing value to Dtravel, both vacation rental operators and travelers earn TRVL, Dtravel's native ecosystem token.
Strategic Partnership
The funding from Borderless Capital will pave the way for the next phase of growth where Dtravel anticipates hundreds of thousands of operators, travelers and TRVL token holders engaging with the Dtravel ecosystem. With a diverse team of seasoned leaders, Borderless Capital has already begun advising on Dtravel's tokenomics with a vision to ensure long term sustainability of the ecosystem while leveraging TRVL to power significant network growth with a flywheel effect. Having supported the success of protocols and ecosystems like Helium, Wormhole, Algorand, Solana, Filecoin, Hivemapper, Polygon, Dimo, and more, Borderless Capital sees its commitment to Dtravel as a new frontier for the adoption of DePIN.
"Working with a strategic and experienced partner like Borderless Capital is an important step for Dtravel as we transition to our next phase of growth. Their DePIN portfolio, expertise, particularly in token economics, and network in web3, will unlock a huge level of growth for Dtravel." - Cynthia Huang, CEO of Dtravel
"Dtravel is bringing a transformational approach to the vacation rental industry and web3. We see a lot of potential in the DePIN service networks and believe that the travel market is ripe for disruption with projects such as Dtravel leading the way. We believe Dtravel will be a driver of web3 adoption and it's something we're excited to support and help grow." - Álvaro Gracia, Borderless Capital
About Dtravel
Dtravel is a community-owned peer-to-peer vacation rental ecosystem on mission to create a rewarding travel experience for everyone through direct connections. The Dtravel ecosystem includes Dtravel Direct, a direct booking product suite for vacation rental operators; Dtravel Sensei, an AI-powered recommendation engine for discovering vacation rentals that can be booked directly with owners anywhere in the world; and Dtrave Meridian a web3 travel application.
Dtravel is one of the founding projects developing the Nite Protocol, an open standard booking protocol for the vacation rental industry.
To learn more about Dtravel, please visit: www.dtravel.com
Cynthia Huang
CEO, Dtravel
E: [email protected]
James Soulodre
Head of Marketing, Dtravel
E: [email protected]
About Borderless Capital
Borderless is a leading investment management firm focused on Web3 technology, dedicated to supporting the next generation of innovators who are driving the development of groundbreaking technologies that will enable the creation of value without borders. Borderless comprises a team of builders, partners, and investors who adopt a long-term perspective and strive to unleash the full potential of open, community-driven networks. Since 2018, Borderless has made 200+ investments across infrastructure, business applications, and nascent cryptographic protocols, and has played an integral role in the development of some of the most significant and innovative Web3 communities.
SOURCE: Dtravel