Dtravel secures 200K property milestone in first month

Australia: Dtravel, a blockchain-based decentralised platform for the home sharing economy, has announced that it has secured over 200,000 properties in more than 2,000 cities since launching last month.

Dtravel is backed by a $5 million seed fundraising round from Kenetic Capital, Future Perfect Ventures, DHVC, Plutus VC, GBV Capital, AU21 Capital, Shima Capital, LD Capital, and NGC Ventures, as well as several angel investors. It was introduced last month by former executives at Airbnb, Expedia and more travel companies, with support from blockchain-based travel booking platform Travala, which is backed by cryptocurrency exchange Binance.

Having achieved the milestone of 200,000 properties joining its platform in the first 30 days since its launch, Dtravel is aiming to list over one million vacation rentals within its first 12 months. The company has already announced partnerships with property managers such as Ministry of Villas [Singapore] and In Residence [South Africa], and is planning to unveil more soon.

Luke Kim, marketing lead at Dtravel, said: “The next generation of hosts want a true sharing economy, not a shareholder economy. Dtravel is the opposite of a centralised company; decision making power and value within the platform are shared by members of the community, meaning hosts and guests.”

The Dtravel platform is also expected to launch property bookings in the next three months, offering hundreds of thousands of vacation rentals powered by its native token [TRVL] via Binance Smart Chain and the Ethereum Network. TRVL will be used for booking stays, qualifying for rewards and loyalty programmes, and participating in platform governance.

Pieter Brundyn, CEO at In Residence, said: “With travel starting to rebound and a record level of interest in blockchain technologies like cryptocurrencies, Dtravel gives eager hosts what has been missing to date: control and ownership over the booking experience.”

Samy Karim, Binance Smart Chain Ecosystem, said: “Dtravel is an example of how decentralised products will sooner or later replace centralised products. It delivers true asset management ownership without having to pay for it.

“The Binance Smart Chain [BSC] ecosystem is all about projects that build the bridge between DeFi and real-life utility and we’re thrilled to see DTravel become a part of it,” he added.

Dtravel is aiming to repair “the broken relationship between hosts and guests created by existing centralised platforms to deliver the world’s first true sharing economy”.