Unstoppable Domains, a famous blockchain naming system provider is in talks to put together a funding round to accumulate a valuation of $1 billion. Draper Associates, Coinbase Ventures, and Protocol Labs are the existing and new investors who will raise about $60 million in the new seed round to reach a joint evaluation.
Unstoppable Domains enables people to create their digital identity and usernames for the blockchain element. According to the company’s website, it has sold TLDs for as low as $5, and helped people register over 2.1 million domains to date. Some of the popular ones are, .crypto, .coin, .bitcoin, .nft and .dao.
The platform integrates more than 140 applications which include Open Sea, Coinbase wallet, Rainbow wallet, Chain-link, Brave browser, and ETH Mail. The start-up has gained over 240,000 customers and posted a revenue of $53 million last year and further investments are expected to increase it further.
