Unstoppable domains give digital identities to consumers in the type of NFT domains. On July 27, 2022, the firm announced the completion of a $ 65 million Series A funding round.
Leading the round was Pantera Capital, along with prominent names this kind of as Mayfield, Gaingels, Alchemy Ventures, Redbeard Ventures, Spartan Group, OKG Investments, Polygon, CoinDCX, CoinGecko. Investors from earlier rounds are regarded to have participated in this Serie A round as very well.
one / Fantastic Information
We are thrilled to share that we raised $ 65 million – with a valuation of $ one billion – in a series A led by @PanteraCapitale!
This is a big milestone for NFT domains and additional validation for consumer-owned digital identity.
Or site: https://t.co/PclWefOcK0 pic.twitter.com/jtz5ppyBlt
– unstoppable.nft (@unstoppableweb) July 27, 2022
Previously, in April 2022, Pantera Capital had launched a new investment fund well worth $ 200 million, revealing its investment in “a market-leading NFT domain name provider”. So far, that firm can be witnessed as Unstoppable Domains.
Currently, Unstoppable Domains is valued at $ one billion, building it the new “unicorn” in the cryptocurrency industry. “Unicorn” is a word usually applied to refer to startups well worth $ one billion or extra.
The firm intends to use the money raised to accelerate the growth of an inter-app crypto payment answer and launch a loyalty rewards system. The new funding round delivers ample money to enable Unstoppable Domains to develop in excess of the following 3 many years.
Unstoppable Domains co-founder and CEO Matthew Gould advised the press:
“Our mission is to create digital identities that are controlled and controlled by users. Unstoppable Domains wants to be universal for all citizens around the world. Domains in the form of NFT will help us achieve this mission ”.
Similar to Ethereum Name Service (ENS), Unstoppable Domains will allow consumers to register domain names for a set value. This domain title acts as a digital identifier, representing consumers when working with cryptographic applications. From there, a person’s identity and popularity are persistently maintained across the web3.
“We feel obtaining a constant title on the web speaks volumes about who you are and also assists you establish a constant popularity across all the various apps you interact with.
Our vision is to support the 3 billion cell cellphone owners have NFT domains in the long term. “
Synthetic currency 68
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