Unstoppable Domains announced that it raised $65 million in Series A funding led by Pantera Capital.
Besides previous investors to the company, other new participants in the funding round were Mayfield, Gaingels, Alchemy Ventures, Redbeard ventures, Spartan Group, OKG Investments, Polygon, CoinDCX, CoinGecko, and others, according to The Block.
The firm has said it plans to use the new fund to reduce the friction of crypto payments between applications. It also plans to build a loyalty reward program infrastructure based on a user’s reputation within the crypto ecosystem.
The firm added that the new funding is also enough to give Unstoppable Domains three years to build its products.
“We are on a mission to create a user-owned and controlled identity for everybody on the planet; we actually think that NFT domains are going to be the technology that makes this happen,” Unstoppable Domains co-founder and CEO Matthew Gould told The Block.
The strategy behind the company involves...
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