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Unstoppable Domains, a leading Web3 digital identity platform boasting over 2.5 million registered NFT domains, has reached a $1 billion valuation and raised $65 million in Series A funding, Coinjournal said. press release.
New investor Pantera Capital led the round. Others include Alchemy Ventures, Redbeard Ventures, Mayfield, Gainels, Spartan Group, OKG Investments, CoinGecko, We3 syndicate, Polygon, CoinDCX, Rainfall Capital, Broadhaven, Alt Tab Capital, EI Ventures, and former investors Draper and Includes Boost VC.
Unstoppable Domains will use the funds raised to power product innovation and grow the Web3 partnership as it continues to develop its portable, user-owned digital identity platform. Matthew Gould, CEO and Founder of Unstoppable, said:
For too long, users’ digital identities have been managed by companies. Unstoppable Domains is giving people back their power. Unstoppable is pleased to partner with Pantera and other companies who, like us, want billions of people to join Web3 through NFT domains that unlock private, user-owned portable identities..
Pantera Capital partner Paul Verradittakit added:
Unstoppable Domains is creating a new decentralized identity category that will change the Internet as we know it. I am proud to help Matt and the rest of the team bring this vision to life.
Unstoppable Domains was founded in 2018. Her NFT domain gives people full control and ownership of their digital identities.
People use the company’s over 2.5 million domains to create decentralized sites, log into over 150 Web3 applications, build Web3 identities, and use long crypto wallet addresses on nearly 100 exchanges and wallets. can be replaced.
Among the 300+ long-term partners of Unstoppable Domains are Polygon, MoonPay and Blockchain.com.
Sales of the platform have exceeded $80 million since its launch. Forbes recently named Totally Remote Unstoppable Domains one of his top American startups.
