On Wednesday, the Web3 digital identity platform Unstoppable Domains announced the company has secured $65 million in financing in a Series A funding round led by Pantera Capital. The latest funding gives Unstoppable Domains a post valuation of $1 billion, pushing the blockchain startup up to unicorn status.
Investors that participated alongside Pantera Capital include Mayfield, Gaingels, Alchemy Ventures, Redbeard Ventures, Spartan Group, OKG Investments, Polygon, Coindcx, Coingecko, We3 syndicate, Rainfall Capital, Broadhaven, EI Ventures, Hardyaka, and Alt Tab Capital. Previous Unstoppable Domains investors include Boost VC and Draper Associates.
“For too long, companies have controlled people’s digital identities, and Unstoppable Domains is putting that power back into the hands of people,” Matthew Gould, the founder and CEO of Unstoppable Domains explained in a statement sent to Bitcoin.com News. “As the digital economy becomes a larger part of our lives, it’s time for people to own their identity on the internet.”
Unstoppable Domains was named one of America’s “Best Startup Employers” by Forbes and the company is a fully remote firm. Paul Veradittakit, a partner at Pantera Capital, believes the startup’s NFT domain technology will define a new era of digital identity. “Unstoppable Domains is rapidly defining a new category of decentralized identity that will change the internet as we know it,” Veradittakit remarked on Wednesday. “We’re proud to back Matt and the rest of the team who are making this vision a reality.”
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