Jamie Crawley is a CoinDesk news reporter based in London.

Web3 digital identity service provider Unstoppable Domains has raised a $64 million Series A funding round led by Pantera Capital. Also participating were Polygon, CoinDCX and CoinGecko.

  • The raise gives the firm "unicorn" status, a term applied to startups with a valuation of $1 billion or more.
  • Unstoppable Domains provides domains in the form of non-fungible tokens (NFT) in order to give users a digital identity suited to 150 different Web3 applications.
  • One such advantage of this would be to replace lengthy crypto wallet addresses, making them more user friendly.
  • The firm said that so far it has registered 2.5 million such domains.
  • Unstoppable Domains plans to use the $64 million to grow its partnerships with Web3 apps and improve its product.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.