A $65 million Series A fundraising round with a $1 billion post-money valuation was completed successfully, according to Unstoppable Domains, the leading platform for Web3 digital identities.
Pantera Capital served as the round's managing partner. Alchemy Ventures, Gaingels, Redbeard Ventures, OKG Investments, Spartan Group, Polygon, CoinGecko, CoinDCX, Rainfall Capital, and Web3 Syndicate were other investors.
The money will be used to advance the creation of a platform for user-owned and portable digital identity as well as to support product innovation, grow the web3 partnership network, and do other related things.
Long crypto wallet addresses are replaced with readable names thanks to Unstoppable Domains, which creates decentralized websites. On applications, wallets, markets, and cryptocurrency exchanges, users may easily sign in and conduct transactions. The company has approximately 300 partnerships with well-known Web3 companies like Polygon, Blockchain.com, and MoonPay.
With 2.5 million domains currently registered, Unstoppable Domains has generated more than $80 million in revenue. It is fully remote and was acknowledged by Forbes as one of America's Best Startup Employers this year.
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