The blockchain-based domain name service provider, Unstoppable domain with more than 2.5 million enrolled domains, reportedly has raised $65 million in Series A funding round at a $1 billion valuation, thus achieving a ‘Unicorn’ status.
The round was led by Pantera Capital with cooperation from Mayfield, Alchemy Ventures, Spartan Group, Polygon, We3 syndicate , Rainfall Capital, Broadhaven, EI Ventures, and Sound Media Ventures, alongside previous investors Boost VC and Draper Associates.
Unstoppable Domains will utilise the funding to fuel product development and grow the organisations in the web3 space as they keep on building a platform for user-owned and portable digital identity.
“Unstoppable Domains is rapidly defining a new category of decentralised identity that will change the internet as we know it,” stated Paul Veradittakit, Partner at Pantera Capital. “We’re proud to back Matt and the rest of the team who are making this vision a reality.”
Unstoppable Domains offer individuals full ownership and control of their digital identity. The organisation has enrolled 2.5 million domains, which individuals can use to sign into in excess of 150 Web3 applications, lengthy crypto wallet addresses on more than 80 wallets and exchanges, make decentralised sites, and build their web3 identity.
“For too long, companies have controlled people’s digital identities, and Unstoppable Domains is putting that power back into the hands of people,” commented Matthew Gould, Founder and CEO of Unstoppable Domains.
Unstoppable Domains is a completely remote organisation and was recently named one of America’s Best Startup Employers by Forbes.
Also read: MoonPay & Unstoppable Domains Partner up for Simpler Web3
