Popular blockchain naming system provider u2018Unstoppable Domainsu2019 has achieved u2018Unicornu2019 status after raising $65 million in its inaugural funding round. For context, u2018Unicornu2019 status is achieved when a privately owned start-up exceeds a valuation of $1 billion.u00a0
Asset management company Pantera Capital led the round, with participation also coming from Alchemy Ventures, Alt Tab Capital, Boost VC, Broadhaven, CoinDCX, CoinGecko, Draper Associates, EI Ventures, Gaingels, Hardyaka, Mayfield, OKG Investments, Polygon, Rainfall Capital Redbeard Ventures, Spartan Group, and We3 syndicate.
Since launching in 2018, the platform, which enables people to build decentralised digital identities by minting decentralised domain names as Ethereum-based NFTs, has generated more than $80 million in sales and registered over 2.5 million domains.u00a0
As per the words of its founder and CEO Matthew Gould, the funds will continue the platformu2019s proficiencies in onboarding u2018billions of people onto Web3 through NFT domains that unlock user-owned, private, and portable identitiesu2019.