Web3 digital identity service provider Unstoppable Domains has raised a $64 million Series A round led by Pantera Capital with participation from 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 (NFTs) 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
