logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

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

Jul 27, 2022•over 3 years ago

Amount Raised

$65 Million

Las VegasCryptocurrencyBlockchain

Description

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 Information

Company

Domains

Location

Las Vegas, Nevada, United States

About

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.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech