coindesk.com
Web3 digital identity service provider Unstoppable Domains has raised a $64 million Series A round led by Pantera Capital with participation from 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 (NFTs) 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.
Read more: Blue Studios, Unstoppable Domains Roll Out Family Crypto Wallets