Cryptocurrency News

Unstoppable Domains Raises $65 million in Series A Funding Round led by Pantera Capital

Unstoppable Domains today announces that it has raised $65 million in a Series A funding round led by Pantera Capital at a $1 Billion valuation.

Unstoppable Domains was founded in 2018 with a vision to enable digital identity for every person on the planet. Basically, it provided NFT domains that can be used across multiple web3 platforms and dApps. As per the official stats, around 2.5 million domains have been registered till now.

In today’s funding round other investors include Mayfield, Gaingels, Alchemy Ventures, Redbeard Ventures, Spartan Group, OKG Investments, Polygon, CoinDCX, CoinGecko, We3 syndicate, Rainfall Capital, Broadhaven, El Ventures, Hardyaka, and Alt Tab Capital, along with previous investors Boost VC and Draper Associates.

As per the team, the funding will be used to grow partnerships in the web3 space and to build a platform for user-owned and portable digital identity. 

The $1 billion valuation highlights the importance of infrastructure behind decentralized, digital identities, separating “the identity component from the finance component,” says Matt Gould, the Unstoppable founder and CEO.

Recent Posts

BC.GAME Announces UFC Welterweight Champion Colby Covington as New Brand Ambassador

UFC Welterweight Champion Colby Covington officially joins BC.GAME as a brand ambassador. Covington's first collaborative…

3 weeks ago

Tomarket App – A Guide to $TOMATO Airdrop, Farming and Web 3.0 Drop Event

Tomarket, Telegram's mini-app hits 20+ million all-time users and 8.8+ million daily active users. Tomarket…

4 months ago

Binance Lists Decentralized and Open L1 Blockchain Toncoin (TON) on its Platform

Cryptocurrency exchange Binance, today announces the listing of Toncoin on its platform. Toncoin is a…

5 months ago

iGaming Platform BC.GAME Signs $40 Million Deal to Become Principal Partner of Leicester City

The iGaming platform BC.GAME has signed a landmark $40 million deal to become the "Official…

6 months ago

Coinbase faces new lawsuit that claims SOL, MATIC, NEAR, MANA, ALGO, UNI, XTZ and XLM are securities

Coinbase crypto exchange and its CEO, Brian Armstrong, faces a new lawsuit that claims Solana,…

8 months ago

Service Beyond Gaming: The Support Experience at HugeWin

In the world of online gambling, the quality of customer service can make or break…

9 months ago