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Unstoppable Domains Hits Unicorn Status With $65M Series A
The funding was led by Pantera Capital, with Polygon, CoinDCX and CoinGecko also contributing.
Web3 digital identity service provider Unstoppable Domains has raised a $64 million Series A funding round led by Pantera Capital. Also participating were Polygon, CoinDCX and CoinGecko.
- The raise gives the firm "unicorn" status, a term applied to startups with a valuation of $1 billion or more.
- Unstoppable Domains provides domains in the form of non-fungible tokens (NFT) in order to give users a digital identity suited to 150 different Web3 applications.
- One such advantage of this would be to replace lengthy crypto wallet addresses, making them more user friendly.
- The firm said that so far it has registered 2.5 million such domains.
- Unstoppable Domains plans to use the $64 million to grow its partnerships with Web3 apps and improve its product.
Read more: Blue Studios, Unstoppable Domains Roll Out Family Crypto Wallets
STORY CONTINUES BELOW
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
