Funding Milestone Achieved
On Wednesday, Unstoppable Domains made waves in the tech world, announcing that they have successfully wrapped up a whopping $65 million in their Series A funding round. With a valuation now standing at $1 billion, this achievement marks a significant advancement for the NFT domains sector.
A Dynamic Investor Portfolio
The backers of this funding round read like a who’s who of the investment community, featuring big names such as Pantera Capital, Mayfield, and Draper Associates, among others. Investors are clearly betting on the future of ownership in the digital landscape.
- Pantera Capital
- Alchemy Ventures
- Polygon
- CoinGecko
These investors are not just throwing their money at a visionary; they’re backing a company on a mission to redefine our online identities.
What Are NFT Domains?
So, what’s all this fuss about NFT domains? Essentially, they are smart contracts made on a public blockchain, providing users with full control over their stored data. Think of it as the internet giving you a VIP pass, where no one else can just walk in and take your stuff. With NFT domains, users can send and receive cryptocurrencies seamlessly, all while skipping the long and tedious wallet addresses.
One-Time Fee for Lifelong Ownership
Imagine paying just once for something that lasts forever! That’s the beauty of NFT domains—a one-time upfront fee secures your domain for life, eliminating ongoing renewal costs that typically stranglehold traditional domain names.
Rapid Growth Since 2018
Since bursting onto the scene in 2018, Unstoppable has been anything but idle. They’ve registered an impressive 2.5 million domains and established integrations with more than 150 Web3 applications and over 80 wallets and exchanges. Now that’s what we call a busy bee!
Collaborating with Industry Giants
Unstoppable has partnered with over 300 major players in the Web3 arena, including renowned names like Blockchain.com and MoonPay, all while scurrying to generate nearly $80 million in sales in just three years!
A Vision for the Future
Matthew Gould, the founder and CEO of Unstoppable Domains, sees NFT domains as a natural progression in our digital economy. “As the digital economy becomes a larger part of our lives, it’s time for people to own their identity on the internet,” he stated. His vision isn’t just a personal ambition—it’s about onboarding billions into the world of Web 3.0, making ownership a fundamental aspect of our online presence.
A Necessary Evolution
In a world where data breaches and identity theft run rampant, the concept of owning a piece of the internet in the form of an NFT domain feels not just revolutionary but absolutely necessary. Welcome to the future, where your digital identity is as secure as your morning cup of coffee!
