Blockchain domain provider Unstoppable Domains becomes a unicorn
Blockchain domain provider Unstoppable Domains becomes a unicorn
True to its name, NFT domain platform Unstoppable achieved a $1 billion valuation in its fourth year of operation
By Shashank Bhardwaj
Image: Shutterstock
Unstoppable Domains, an NFT domain platform, announced on Wednesday that it had achieved unicorn status after reaching a $1 billion valuation following a $65 million Series A funding round. The company is a Web3 service that strives to facilitate crypto payments by offer NFT-based domain names for crypto wallets. NFT domains allow users to trade crypto and interact with decentralized applications (DApp) instead of their digital wallet addresses.
The investor list boasts names such as 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 company has come a long way since its inception in 2018, registering 2.5 million domains integrated with over 150 Web3 applications and around 80 wallets and exchanges. It has also brought in $80 million in sales through its services, with registrations starting at $5 per domain and ranging into the hundreds of dollars.
