Startup with Ukrainian co-founder Unstoppable Domains became a unicorn

Unstoppable Domains crypto startup with a Ukrainian co-founder attracted інвестицій 65 million in investment and became a unicorn, writes Forbes.

The main thing is that the company sells domains for crypto sites. Their technology speeds up cryptocurrency transactions. Instead of wallets with long names, domains are used.The special feature of domains is not only that they are shorter than the wallet name. In current cryptocurrency or irreplaceable token (NFT) transactions, wallet addresses combine personal and financial information. Instead, the domain serves as the user's personal address in blockchain-based applications, which contains only the personal information that the owner wants to disclose.Unstoppable Domains, a startup, reached a valuation of 1 1 billion after a серії 65 million Series A funding round.The lead investor was the Pantera Capital Fund. Mayfield, Alchemy Ventures, Redbeard Ventures, CoinGecko, OKG Investments and others also participated in the round. Previous investors Draper Associates and Boost VC also joined in.The Оцінка 1 billion valuation highlights the importance of the infrastructure behind decentralized digital identifiers, separating "the identifier component from the financial component," says Matthew Gould, founder and CEO of Unstoppable Domains.In particular, the company relies on partnerships to expand its user base. Thanks to the partnership, Unstoppable Domains has 10 different top-level domains, including .bitcoin, .coin and .blockchain. Details

Unstoppable Domains was released in January 2018. The project was founded by three Americans: Matthew Gould, Bradley Cam, Braden Pechersky and Ukrainian Bogdan Gusev. He is responsible for development and manages the Kiev R&D center.

The founders of Unstoppable Domains wanted to make cryptocurrency payments more convenient and understandable. Instead of a set of two dozen characters, the user will be able to receive transfers to a clear address.

Each startup domain takes the form of an NFT asset. It remains in the user's storage in the crypto wallet. There is no renewal or maintenance fee to retain ownership of the Unstoppable Domain.

Domains remain in Zilliqa blockchain wallets, and site content remains in decentralized data storage networks. If you lose the key to the wallet where the domain is located, it will not be possible to restore it.

According to Gould, Unstoppable Domains has registered more than 2.5 million cryptodomain names. The price starts at 5 5 per domain and can range up to hundreds of dollars. The company's revenue is about 8 80 million.