Blockchain domain provider Unstoppable Domains becomes unicorn
Keeping true to its title, the NFT domains platform Unstoppable achieved a $1 billion valuation in its fourth yr of operations
By Shashank Bhardwaj
Image: Shutterstock
Unstoppable Domains, an NFT domains platform, introduced on Wednesday that it had achieved unicorn standing after reaching a valuation of $1 billion following a $65 million Series A funding spherical. The firm is a Web3 service striving to simplify crypto funds by offering NFT-based domain names for crypto wallets. NFT domains enable customers to commerce crypto and work together with decentralised functions (DApp) as a substitute of their digital pockets addresses.
The buyers’ checklist boasted names equivalent to Pantera Capital, Mayfield, Gaingels, Alchemy Ventures, Redbeard Ventures, Spartan Group, OKG Investments, Polygon, CoinDCX, CoinGecko, We3 syndicate, Rainfall Capital, Broadhaven, EI Ventures, Hardyaka, Sound Media Ventures, Boost VC and Draper Associates.
The firm has come a great distance since its inception in 2018, registering 2.5 million domains built-in with over 150 Web3 functions and round 80 wallets and exchanges. It has additionally introduced in $80 million in gross sales by means of its companies, with registrations beginning at $5 per domain and the vary hovering into lots of of {dollars}.
