Amid the worldwide gloom around cryptocurrencies, Blockchain domain name provider Unstoppable Domains on Wednesday announced it has raised $65 million in its Series A funding to become a new unicorn.
Founded in 2018, Unstoppable Domains is leading platform for Web3 with more than 2.5 million registered non-fungible token (NFT) domains.
The platform said it will use the funds to fuel product innovation and grow its partnerships in the Web3 space as it continues to build a platform for user-owned and portable digital identity.
The funding round was led by new investor Pantera Capital with participation from Mayfield, Gaingels, Alchemy Ventures, Redbeard Ventures, Spartan Group, OKG Investments, Polygon, CoinDCX, CoinGecko, and others.
"For too long, companies have controlled people's digital identities, and Unstoppable Domains is putting that power back into the hands of people," said Matthew Gould, Founder and CEO.
"We're thrilled to partner with Pantera and other investors who share...
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