Blockchain-focused domain register Unstoppable Domains has raised $65 million in Series A funding led by Pantera Capital. The company said in a blog post that the funding brings its valuation at $1 billion.
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In addition to Pantera Capital, other investors, including Mayfield, Gaingels, Alchemy Ventures, Polygon, CoinDCX, CoinGecko and others also participated in the funding. Unstoppable Domains says it will use the funds to "fuel product innovation and grow our partnerships in the web3 space."
Founded in 2018, Unstoppable Domains says it has registered 2.5 million domains with over 300 integrations, including digital wallets and cryptocurrency exchanges.
In June, Blockchain.com, a cryptocurrency wallet and exchange platform, added support for alphabetic wallets as part of its partnership with Unstoppable Domains. With the domains, users can simplify their turnover of cryptocurrencies by replacing long randomly-selected characters with a catcy letter-based address.
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