Unstoppable Domains, a platform for Web3 digital identity with more than 2.5 million registered NFT domains, announced it has closed $65 million in Series A funding at a $1 billion valuation.
The round was led by Pantera Capital with participation from 17 other investors including:
- Pantera Capital
- Alchemy Ventures,
- Redbeard Ventures
- Spartan Group
- OKG Investments
Unstoppable Domains said it will use the funding to fuel product innovation and grow partnerships in the Web3 space as they continue to build a platform for user-owned and portable digital identity.
Speaking about the round, Paul Veradittakit, Partner, Pantera Capital, said:
“Unstoppable Domains is rapidly defining a new category of decentralized identity that will change the internet as we know it. We’re proud to back Matt and the rest of the team who are making this vision a reality.”
– Partner, Pantera Capital
Founded in 2018, Unstoppable Domains offers NFT domains that give people full ownership and control of their digital identity. The company has registered 2.5 million domains, which people can use to:
- Log into more than 150 Web3 applications
- Replace lengthy crypto wallet addresses on more than 80 wallets and exchanges
- Create decentralized websites
- Build their web3 identity
Speaking on the investment, Matthew Gould, Founder and CEO, Unstoppable Domains, said:
“As the digital economy becomes a larger part of our lives, it’s time for people to own their identity on the internet. We’re thrilled to partner with Pantera and other investors who share our vision of onboarding billions of people onto Web3 through NFT domains that unlock user-owned, private, and portable identities.
For too long, companies have controlled people’s digital identities, and Unstoppable Domains is putting that power back into the hands of people.”
– CEO, Unstoppable Domains