Domains-on-blockchain company gets major funding boost.
Unstoppable Domains, a company that is launching domain names on blockchain technology, has raised $4 million in a Series A financing.
Draper Associates led the round. Previous investor Boost VC also participated in the round.
The company has raised $4.7 million to date.
Unstoppable Domains founder Matthew Gould explained the concept in DNW Podcast #224 in February.
The domain names can be used for both payments and websites, although domains that aren’t in ICANN’s root will not resolve for most people.
One benefit the company touts is that a domain name can’t be taken down by the players that typically participating in the domain name system. Hence, the name Unstoppable Domains.
The company is trying to introduce both new extensions and to bring blockchain features to existing extensions.
Unstoppable Domains also wants to apply for .crypto whenever ICANN gets around to opening applications for more top level domains.
Mark Thorpe says
Should be applying for .coin or .coins instead of .crypto IMO.
Crypto term is more secretive and shady.
.Crypto would probably have more scams and spam.
ICANN would be opening a big can of worms if they approve a .crypto domain extension. But they only care about money anyway.
Am I the only one who sees the coming abuse of such a system?
Hate to be a naysayer, but “LOL.”
Fat Anon says
.zil sounds extraordinarily silly.
John Berryhill says
Wow. Another alt-root scheme. I feel 20 years younger already.
i see CRYPTO.ZIL is set for auction but what about CRYPTOZIL.COM which is already taken. the .COM is 100% better.
A waste of $4million. I see on their website they have an auction coming up with “google.zil” and “facebook.nil” highlighted. What a mess.
It’s decentralized, remember hang if you don’t understand it stay away.
Gab, stupid smart phone
Tim D says
Just rename .cc crypto coin 🙂
Run! Run! These domains are unstoppable!
Whats the update on acquiring .Crypto with ICANN?
Andrew Allemann says
No one can apply for it until the next round. That’s probably a long way off.