The decentralized domain registrar Unstoppable Domains closed a Series A financing round of $65 million. The startup reached unicorn status — 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 a Series A led by @PanteraCapital! 🚀
This is a huge milestone for NFT domains and further validation for user-owned digital identity.
🧵👇or blog: https://t.co/PclWefOcK0 pic.twitter.com/jtz5ppyBlt
— unstoppable.nft (@unstoppableweb) July 27, 2022
The round was led by Pantera Capital. Participants included Alchemy Ventures, Spartan Group, OKG Investments, Polygon, CoinDCX, CoinGecko and others.
The team will deploy the proceeds to spur product innovation and expand partnerships in the Web3 space.
Unstoppable Domains is a provider of NFT domains. Each name is a non-fungible token issued on the Polygon network. According to the press release, the service registered 2.5 million names, including in the “.bitcoin”, “.nft” and “.dao” zones.
“As the digital economy becomes a bigger part of our lives, people should own their online identities,” said founder Matthew Gould.
Earlier, the startup raised $4 million from Draper Associates and Tim Draper.
In March 2020, the Opera browser provided access to the provider’s decentralized web resources. They are built using the Zilliqa blockchain, and site content is stored in IPFS (InterPlanetary File System) and other decentralized networks for data storage.
In the summer, the startup unveiled a beta version of the Unstoppable Chat protocol. It enables storing data on its own servers using crypto wallets and P2P network integration.
In 2021, the provider launched a grant program for innovative projects using IPFS technology.
In June 2022, the Blockchain.com exchange and crypto-wallet operator announced that it would offer users domain names in the “.blockchain” zone from Unstoppable Domains.
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