Digital Identity Startup Unstoppable Domains Secures $65 Million in a Series A Led by Pantera Capital

On Wednesday, the Web3 integer individuality level Unstoppable Domains announced the institution has secured $65 cardinal successful financing successful a Series A backing circular led by Pantera Capital. The latest backing gives Unstoppable Domains a station valuation of $1 billion, pushing the blockchain startup up to unicorn status.

Unstoppable Domains Joins the Growing List of Crypto Unicorns, Raising $65 Million

Unstoppable Domains, the institution that’s issued much than 2.5 cardinal non-fungible token (NFT) domains, revealed it has closed $65 cardinal successful a Series A backing circular astatine a $1 cardinal valuation. The Series A was bolstered by a fig of strategical investors and was led by Pantera Capital.

Investors that participated alongside Pantera Capital see Mayfield, Gaingels, Alchemy Ventures, Redbeard Ventures, Spartan Group, OKG Investments, Polygon, Coindcx, Coingecko, We3 syndicate, Rainfall Capital, Broadhaven, EI Ventures, Hardyaka, and Alt Tab Capital. Previous Unstoppable Domains investors see Boost VC and Draper Associates.

Unstoppable Domains was founded successful 2018 and the 2.5 cardinal NFT domains tin beryllium utilized for accessing much than 150 Web3 applications. The NFT domains are meant to regenerate agelong alpha-numeric crypto addresses with human-readable names. More than 80 crypto wallet and speech platforms enactment the company’s technology. Furthermore, crypto firms similar Moonpay, Blockchain.com, and Polygon leverage the integer individuality exertion crafted by the startup.

“For excessively long, companies person controlled people’s integer identities, and Unstoppable Domains is putting that powerfulness backmost into the hands of people,” Matthew Gould, the laminitis and CEO of Unstoppable Domains explained successful a connection sent to Bitcoin.com News. “As the integer system becomes a larger portion of our lives, it’s clip for radical to ain their individuality connected the internet.”

Despite ‘Crypto Winter,’ Capital Raises successful the Blockchain Industry Continue to Fuel Startups

Unstoppable Domains’ Series A follows a fig of backing rounds and superior raises during the past fewer months amid the harsh “crypto winter.” Last month, Felix Capital raised $600 million to turn Web3 technologies, and during the aforesaid week, Solana Ventures dedicated $100 cardinal to Web3 arsenic well. Brave Group Inc. raised $10 cardinal astatine the extremity of June, and the NFT-based startup Cryptoys secured $23 million. Last week, the fintech and outgo processor Zebedee raised $35 cardinal from strategical investors.

Unstoppable Domains was named 1 of America’s “Best Startup Employers” by Forbes and the institution is simply a afloat distant firm. Paul Veradittakit, a spouse astatine Pantera Capital, believes the startup’s NFT domain exertion volition specify a caller epoch of integer identity. “Unstoppable Domains is rapidly defining a caller class of decentralized individuality that volition alteration the net arsenic we cognize it,” Veradittakit remarked connected Wednesday. “We’re arrogant to backmost Matt and the remainder of the squad who are making this imaginativeness a reality.”

What bash you deliberation astir Unstoppable Domains raising $65 cardinal successful a Series A backing round? Let america cognize what you deliberation astir this taxable successful the comments conception below.