Unstoppable Domains raises $4 million for blockchain domain names

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.

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.

Source from Domain Name Wire, author ANDREW ALLEMANN

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