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Unstoppable Domains Raises $65 Million At $1 Billion Valuation To Turn Nfts Into Your Web3 Digital Identity

Unstoppable Domains Raises $65 Million At $1 Billion Valuation To Turn Nfts Into Your Web3 Digital Identity

07/27/22, 11:37 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svglas vegas
Money raised
$65 million
Industry
cryptocurrency
blockchain
Unstoppable Domains, the leading platform for Web3 digital identity with more than 2.5 million registered NFT domains, today announced it has closed $65 million in Series A funding at a $1 billion valuation. The round was led by new investor Pantera Capital with participation from Mayfield, Gaingels, Alchemy Ventures, Redbeard Ventures, Spartan Group, OKG Investments, Polygon, CoinDCX, CoinGecko, We3 syndicate, Rainfall Capital, Broadhaven, EI Ventures, Hardyaka, and Alt Tab Capital, along with previous investors Boost VC and Draper Associates. Unstoppable Domains will use the funding to fuel product innovation and grow our partnerships in the web3 space as we continue to build a platform for user-owned and portable digital identity.

Company Info

Company
Domains
Location
las vegas, south carolina, united states
Additional Info
The company has registered 2.5 million domains, which people can use to log into more than 150 Web3 applications, replace lengthy crypto wallet addresses on more than 80 wallets and exchanges, create decentralized websites, and build their web3 identity. The firm subsequently launched the first exclusively-blockchain venture fund. Unstoppable Domains will use the funding to fuel product innovation and grow our partnerships in the web3 space as we continue to build a platform for user-owned and portable digital identity. We're thrilled to partner with Pantera and other investors who share our vision of onboarding billions of people onto Web3 through NFT domains that unlock user-owned, private, and portable identities."Unstoppable Domains is a fully remote company and was recently named one of America's Best Startup Employers by Forbes. ABOUT UNSTOPPABLE DOMAINSFounded in 2018, Unstoppable Domains is an NFT domain name provider and digital identity platform working to onboard the world onto Web3.