Home Finance Unstoppable Domains now valued at $1 billion

Unstoppable Domains now valued at $1 billion

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Braden Pezeshki and Matthew Gould

Matthew Gould and Braden Pezeshki, co-founders of Unstoppable Domain – Unstoppable Domain

The provider of Web3 domain names Unstoppable Domain has completed a Series A of $65 million. Pantera Capital, Alchemy Ventures and Polygon participated in the round table discussion.

Founded in 2018 in San Francisco, Unstoppable Domain offers Web3 digital identity services. The startup offers ” NFT domain names “The “pseudo.eth” or “pseudo.crypto” domain names allow to connect more easily to decentralized applications or to replace the long and complicated crypto wallet addresses.

This Wednesday, Unstoppable Domain announces a 65 million Series A financing round led by U.S. VC Pantera Capital.

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Other investors include venture capitalists Alchemy Ventures, Redbeard Ventures and Spartan Group, but also layer2 Polygon, crypto exchange CoinDCX and data provider CoinGecko.

For too long, companies have controlled people’s digital identities, and Unstoppable Domains puts that power back in people’s hands. As the digital economy becomes an increasingly important part of our lives, it’s time for people to take ownership of their identity on the Internet. We are thrilled to partner with Pantera and other investors who share our vision of bringing billions of people into Web3 via NFT domains,” said Matthew Gould, CEO of Unstoppable Domains, in a press release.

The company now unicorn with a valuation of $1 billion plans to use the funds raised to accelerate its product development and forge new partnerships.

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