Unstoppable Domains Closes $65M Series A Funding Round to Develop NFT Internet Domains
Unstoppable Domains, the industry-leading platform for Web3 digital identities, recently announced that it has successfully concluded a $65 million Series A fundraising round at a $1 billion post-money valuation.
The funding round was led by Pantera Capital. Additional investors included Mayfield, Alchemy Ventures, Gaingels, Redbeard Ventures, OKG Investments, Spartan Group, Polygon, CoinGecko, CoinDCX, Rainfall Capital, and Web3 Syndicate.
The funds will go toward supporting product innovation, expanding the web3 partnership network, and advancing the development of a platform for user-owned and portable digital identity.
Unstoppable Domains builds decentralized websites and gives readable names in place of lengthy crypto wallet addresses. Users can quickly sign in and perform transactions on applications, wallets, markets, and cryptocurrency exchanges. The company has over 300 collaborations, with notable Web3 businesses including MoonPay, Blockchain.com, and Polygon.
Unstoppable Domains now has 2.5 million domains registered and has made more than $80 million in sales. It was recognized by Forbes as one of America's Best Startup Employers this year and is entirely remote.
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