Blockchain domain provider Unstoppable Domains becomes a unicorn amid crypto chaos

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Amid the global gloom around cryptocurrencies, blockchain domain name provider Unstoppable Domains Wednesday announced that it had raised $65 million in its Series A funding to become a new unicorn.



Founded in 2018, Unstoppable Areas is the leading platform for Web3 with over 2.5 million non-fungible tokens registered (NFT) areas.

The platform said it would use the funds to fuel product innovation and expand its partnerships in the Web3 space while continuing to build a platform for portable, user-owned digital identity.

The funding round was led by new investor Pantera Capital with participation from Mayfield, GaingelsAlchemy Ventures, Redbeard Ventures, Spartan Group, OKG Investments, Polygon, CoinDCX, CoinGeckoand others.

“For too long, corporations have controlled people’s digital identities, and Unstoppable Domains is putting that power back in people’s hands,” said Matthew GouldFounder and CEO.

“We are thrilled to partner with Pantera and other investors who share our vision of onboarding billions of people to Web3 via NFT domains that unlock user-owned, private, and portable identities,” he said. he said in a statement.

The platform offers NFT domains that give users full ownership and control of their digital identity.

The company has registered 2.5 million domains, which users can use to log in to over 150 Web3 applications, replace long crypto wallet addresses on over 80 wallets and exchanges, create decentralized websites and build their identity Web3.

Unstoppable Domains said it has established more than 300 partnerships with leading Web3 companies such as Polygon, Blockchain.com, Moon Pay and more.

It has generated over $80 million in sales since its launch.

“Unstoppable Domains is rapidly defining a new category of decentralized identity that will change the Internet as we know it,” said Paul Veradittakitpartner at Pantera Capital.

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