Cofounded by Ukrainian Unstoppable Domains, a Web3 domain name provider, has closed $65 million in Series A funding at a $1 billion valuation. Welcome new unicorn with Ukrainian roots!
- Unstoppable Domains’ new funding round, which values the company at $1 billion, was led by new investor Pantera Capital. Other investors in the Series A round include Mayfield Fund, OKG Investments and Polygon, as well as previous investors Boost VC and Draper Associates.
- Unstoppable Domains says it has generated more than $80 million in sales since launching in September of 2019.
- Founded in 2018, Unstoppable Domains has registered 2.5 million domains to date, reflecting the popularity of the new web naming system—which are like traditional domains (ie “name. com” or “name org”) but use terms like “name.crypto” and “name. blockchain” with each one tied to an NFT.
We think that at Unstoppable Domains, by putting these digital reputations out there, we’re going to actually help to elevate our online experience,” he said. “I think that I am biased. I think that humans are overall positive by default, and we need to give them a chance to bring that with them to their digital worlds, – Unstoppable Domains CEO Matthew Gould.
Read more via Fortune
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