Dtravel, a peer-to-peer vacation rental ecosystem, has received an investment from investment management firm Borderless Capital in the form of a token investment into its native ecosystem token TRVL.
Dtravel announced the partnership, which brings not only investment but also valuable expertise and networking opportunities to support the company’s growth in the vacation rental industry.
Launched in 2021, Dtravel has experienced significant growth, providing thousands of vacation rental operators with the infrastructure to accept bookings without intermediaries. Instead of following a traditional marketplace model, Dtravel offers vacation rental operators a direct booking product suite, empowering them to create smart contract-powered direct booking websites, accept cryptocurrency payments, and distribute listings through Dtravel’s direct distribution network.
The company is preparing to launch a second application that will enable travelers to easily discover and book ecosystem listings directly with owners and operators. In return for contributing value to Dtravel, both vacation rental operators and travelers will earn TRVL, the native ecosystem token.
The investment from Borderless Capital marks a pivotal moment for Dtravel, as it enters the next phase of growth. The company anticipates engaging “hundreds of thousands” of operators, travelers, and TRVL token holders with its ecosystem. Borderless Capital has already begun advising on Dtravel’s tokenomics, aiming to ensure the long-term sustainability of the ecosystem while leveraging TRVL to fuel significant network growth.
With a track record of supporting successful protocols and ecosystems, including Helium, Algorand, and Solana, among others, Borderless Capital views its commitment to Dtravel as an opportunity to advance the adoption of Decentralized Physical Infrastructure Networks (DePIN).
Cynthia Huang, CEO of Dtravel, expressed the importance of partnering with Borderless Capital as the company transitions to its next phase of growth. She highlighted Borderless Capital’s expertise in token economics and network in web3, which she believes will unlock significant growth opportunities for Dtravel.
Álvaro Gracia, a partner at Borderless Capital, emphasized Dtravel’s transformative approach to the vacation rental industry and web3. He sees immense potential in DePIN service networks and believes that projects like Dtravel are poised to disrupt the travel market.
Last month, Dtravel announced a significant innovation to its direct booking product suite, Dtravel Direct, by tokenizing vacation rental bookings on Polygon PoS. This upgrade aims to bring increased flexibility to the booking process and enable travelers to securely sell or transfer their reservations through a peer-to-peer marketplace.
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By Proptechbuzz
By Ravi Kumar