NFT: Unstoppable raises $65 million – platform is worth $1 billion

Identity in the form of NFT – When talking about him NFTWe often imagine more or less successful collections of photos to collect and share. But behind this highly speculative aspect that the media likes to hide Uses Practical and innovative. And in the field of digital identity protection and management, the American startup Unstoppable areas It is one of the rising stars in the crypto galaxy. He just completed a financing cycle with flying colors. Put your best clothes on, we’re on our way Vegas To make a point.

Unstoppable Domains strives to simplify Web3 for us

Anyone who has ventured into creating cryptocurrency wallets must have noticed that the Safety It is a very important consideration. We do not tamper with clients’ funds either on centralized or decentralized exchanges. And when we try to transfer tokens, these are extended addresses that need to be copied and verified. This is the problem you are trying to solve Unstoppable areas By presenting a unique addressin the form of NFT, to connect to different services.

Concretely, it’s a file smart contract on the public blockchain. It will allow users to control their own data, send and receive encryption and also interact with decentralized applications. The user will only pay once when creating their address. He can then use it for life without any other form of hidden costs. this is simplification Manipulation is likely to promote adoption by the general public and investors have understood this.

The Unstoppable Domains team is thrilled with the news and deserves a little unicorn on their skateboard! – Source: Twitter

>> Forget the tricks. Serenity Buy Bitcoin with Bitstack… and Earn €5 BTC with Token JDC5 (Trade Link) <

Investors are like NFTs that serve a purpose

Last Wednesday, the startup announced the closing of its A round of financing in the amount of 65 million of dollars. So the company’s valuation is up to nearly‘Billion of dollars. As a reminder, there are four traditional rounds of startup funding. This starts with the so-called seed stage followed by cycles A, B and C. All this will allow the company to grow and develop its products or services. Unstoppable Domains Created in 2018 2.5 million Unique titles included in more than one 150 apps From Web3 and about 80 wallets and encrypted exchanges. Rotation up to 80 million dollars over the past three years.

The company is now looking to expand. With this massive influx of new money, Continue to innovate and forge new partnershipsAmong the investors in this A-cycle we find well-known names in the industry. If you read us regularly you will surely recognize some of them. We can mention Panthera Capital – which led the fundraising process – as well as Mayfield, Alchemy Ventures, Spartan Group, Polygon and Queen Gekko, or even Draper Associates. The full list can be found in the press release. Founder and CEO of the company Matthew Gold Pleased with the change of events:

“As the digital economy becomes a larger part of our lives, it is time for people to own their identity online. (…) We are excited to partner with Pantera and other like-minded investors to bring billions of people onto Web 3.0 through NFT domains that unlock private and mobile identities. owned by the user.. »

Unstoppable Domains is one of those companies that continues to quietly operate and prepare the Internet of tomorrow. and the smart money Make no mistake about it by pumping tens of millions of dollars left and right. Moreover, according to a recent study by Kucoin, Web3 not only attracts investors because nearly 50% of those questioned may work there. What about you?

Waiting to find your future job in coding Discover Bitstack and buy Bitcoin without even realizing it. IRegister on Bitstack and earn €5 BTC with the token JDC5 (commercial link)!

Leave a Comment