Unstoppable Domains Raises $65M
Unstoppable Domains raises $65M in a Series A funding round at a $1 billion valuation. The funding round was led by Pantera Capital.
Other investors in the round include Mayfield, Gaingels, Alchemy Ventures, Redbeard Ventures, Spartan Group, OKX Blockdream Ventures, Polygon, CoinDCX, CoinGecko, We3 syndicate, Rainfall Capital, Broadhaven, El Ventures, Hardyaka, and Sound Media Ventures, along with previous investors Boost VC and Draper Associates.
The funding will be used to fuel product innovation and grow its partnerships in the web3 space as it continues to build a platform for user-owned and portable digital identity.
Unstoppable Domains was created in 2018 with a vision of enabling user-owned, digital identity for every person on the planet. Historically, people have built their online identities around Web2 companies that use people’s data for profit. We believe NFT domains have the power to change this, providing infrastructure that allows people to own their reputation and data, and make it portable across web3.
Over the past four years, the community has registered 2.5 million domains, which people can now use to connect with more than 300 integrations. Today, people can use their Unstoppable Domains 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.
Unstoppable Domains is proud to have built its business until this year with under $7 million in VC funding in the history of the company, prior to this round.
Why do Unstoppable Domains raise funds?
When they first launched, NFTs were a little-known technology on the fringes of crypto. Today, people have begun to understand the promise of Web3, and how NFTs can put power back in the hands of people. Now is the time to bring their technology to the world. That means they need more resources and great partners like Pantera Capital to support their growth.
Soon, users are able to use their Unstoppable domain for a lot more. With this funding, Unstoppable Domain keeps building towards a world where people. Not companies, have full control over their digital identity. They will keep working to get Unstoppable domains into people’s hands, because everyone deserves to own their identity. And they will be making significant changes to how its products work, what features they will prioritize, and how they share their work with the community surrounding them.
ABOUT Unstoppable Domain
Unstoppable Domains is on a mission to return the power of the internet to people. To accomplish this, they are creating NFT domains that put you back in control of your data. These aren’t just traditional domains, these are domains with superpowers.
