9621 Agnes Crossing, Lake Suzanneview, New Mexico Island 84604-9295.
Decentralized domain registrar Unstoppable Domains has completed its $65 million Series A funding round. Beginning “Unicorn– Investors valued it at $1 billion. 1/ BIG NEWS 🦄🦄🦄 We’re excited
Decentralized domain registrar Unstoppable Domains has completed its $65 million Series A funding round. Beginning “Unicorn– Investors valued it at $1 billion.
1/ BIG NEWS 🦄🦄🦄
We’re excited to share that we’ve raised $65 million at a $1 billion valuation in the Series A led by him. @PanteraBaskent! 🚀
This is a major milestone for NFT domains and further verification for user-owned digital identity.
🧵👇or blog: https://t.co/PclWefOcK0 pic.twitter.com/jtz5ppyBlt
– unstoppable.nft (@unstoppableweb) 27 July 2022
The round was led by venture capital firm Pantera Capital. Participants include Alchemy Ventures, Spartan Group, OKG Investments, Polygon, CoinDCX, CoinGecko, and others.
The startup team will use the funds raised to foster product innovation and expand partnerships in the Web3 space.
Unstoppable Domains is an NFT domain provider. Each name is a free token given in the Polygon network. According to a press release, the service has registered 2.5 million names, including “.bitcoin”, “.nft” and “.dao” regions.
“As the digital economy becomes a bigger part of our lives, it’s time for people to have their online identities,” said project founder Matthew Gould.
The startup previously raised $4 million from Tim Draper’s Draper Associates.
In March 2020, the Opera browser introduced access to the provider’s decentralized web resources. They are built using the Zilliqa blockchain and the site content is packaged in IPFS (Interplanetary File System) and other decentralized data storage networks.
Back in the summer, the startup introduced a beta version of the Unstoppable Chat chat protocol. It allows you to store data on your own servers using crypto wallets and P2P network integration.
In 2021, the provider launched a grant program for innovative projects using IPFS technology.
Recall that in June 2022, the exchange and cryptocurrency wallet operator Blockchain.com announced that it will offer domains from Unstoppable Domains to users in the “.blockchain” region.
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I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
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