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Donuts invests in Bitcoin startup

Kevin Murphy, July 14, 2016, 10:48:55 (UTC), Domain Registries

Donuts has made an investment in Netki, a company focused on digital wallets used in Bitcoin and other e-money systems.

Netki’s service is designed to make it easier to locate the wallets Bitcoin users use when they send and receive money, which are usually gibberish strings of around 34 characters.

The company service, when integrated into wallet providers’ offerings, converts these impossible-to-remember strings into easy-to-understand domain names.

An example given by Netki on its web site is the wallet name 1CpLXM15vjULK3ZPGUTDMUcGATGR9xGitv, which can instead be rendered as wallet.BruceWayne.rocks.

The company seems to make its money from end users by selling domain names with a higher mark-up than you’d usually expect. A .com via Netki is $20.99, for example.

It offers scores of TLDs, both generic legacy, new, and ccTLD, many of which are in the Donuts stable.

The size of the investment was not disclosed.

It’s the second investment to be announced from Donuts Labs. In May, it invested in “geofencing” startup GeoFrenzy.

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Comments (1)

  1. YamadaMedia says:

    More of Blockchain technology based on domains than a Bitcoin company Kevin. Glad we own Blockchain(.).link. 😀

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