Odaily News Web3 TLD and domain name platform Freename announced the completion of a US$2.5 million seed round of financing, led by Sparkle Ventures, with participation from Blockchain Founders Fund, Golden Record Ventures, Abalone Asset Management and His Highness Sheikh Mayed Al Qasimi. Freename allows users to create their own top-level domains (TLD) and second-level domains (SLD) on multiple blockchains. These Web3 domains represent a digital identity that can be used for a variety of functions, such as sending and receiving encrypted payments, sending Web2 and Web3 emails, browsing traditional websites, and building decentralized websites. With Freename, every TLD owner becomes a true registrar, generating ongoing revenue as long as new users register domain names on their TLD. (Cointelegraph)