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Unstoppable Domains Hits Unicorn Status With $65M Series A
The funding was led by Pantera Capital, with Polygon, CoinDCX and CoinGecko also contributing.
Updated May 11, 2023, 5:40 p.m. Published Jul 27, 2022, 11:36 a.m.
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Web3 digital identity service provider Unstoppable Domains has raised a $64 million Series A funding round led by Pantera Capital. Also participating were Polygon, CoinDCX and CoinGecko.
- The raise gives the firm "unicorn" status, a term applied to startups with a valuation of $1 billion or more.
- Unstoppable Domains provides domains in the form of non-fungible tokens (NFT) in order to give users a digital identity suited to 150 different Web3 applications.
- One such advantage of this would be to replace lengthy crypto wallet addresses, making them more user friendly.
- The firm said that so far it has registered 2.5 million such domains.
- Unstoppable Domains plans to use the $64 million to grow its partnerships with Web3 apps and improve its product.
Read more: Blue Studios, Unstoppable Domains Roll Out Family Crypto Wallets
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