Unstoppable Domains, the leading non-fungible token (NFT) domains platform, announced the closing of a $65 million Series A funding round at a valuation of $1 billion. The company said it will use the capital for developing new products and collaborations within the Web3.0 industry.
It’s a big step for the platform, which saw prestigious investors joining this funding round. Among them were Pantera Capital, Mayfield, Gaingels, Alchemy Ventures, Redbeard Ventures, Spartan Group, OKG Investments, Polygon, CoinDCX, and CoinGecko. Other big names included the We3 syndicate, Rainfall Capital, Broadhaven, EI Ventures, Hardyaka, Sound Media Ventures, BoostVC, and Draper Associates.
Unstoppable Domains founder and CEO Matthew Gould commented on the progress of NFT domains in the digital economy:
“As the digital economy becomes a larger part of our lives, it’s time for people to own their identity on the internet. We’re thrilled to partner with Pantera and other investors who share our vision of onboarding billions of people onto Web 3.0 through NFT domains that unlock user-owned, private, and portable identities.”
About Unstoppable Domains
Unstoppable Domains is a company providing NFT domains in the form of live smart contracts on public blockchains. The company revealed that users have used its services to register more than 2.5 million NFT domains, generating over $80 million in sales over the past three years.
NFT domains may replace crypto wallets for specific operations. More exactly, where users can send and receive crypto funds or interact with dApps (decentralized applications). In return, they only need to pay a one-time fee and have lifetime ownership of the said domain.
Unstoppable Domains launched in 2018 and integrated with over 150 Web3 applications and 80 wallets and exchanges. Some of its most notable partnerships involve renowned brands in the Web3 space, such as Polygon, Blockchain.com, and MoonPay.