• Fri, 15 Nov 2019, 12:25 AM
  • All times are UTC
  • Edition:
Copy link
Increase text size
Decrease text size
Link copied

Blockchain software firm Unstoppable Domains raises $4M from Draper Associates, Boost VC

Fri, 24 May 2019, 09:16 am UTC

Unstoppable Domains, a blockchain-based software company, announced on Thursday a $4 million Series A led by venture capital firm Draper Associates.

The San Francisco-based firm said that the funds will be used to create tools so anyone can make a website that cannot be taken down by government authorities, regulatory agencies, and traditional domain providers.

For global free speech to work, you need to be able to say what you want and you need to be able to operate a business you want,” Brad Kam, Unstoppable Domains co-founder told CoinDesk.

Boost VC, which previously led the firm’s $730,000 seed round last December, was the only other participant in the Series A funding.

Unstoppable Domains creates its own domain extensions which it sells to customers directly. It recently launched its extension .zil, preorders of which are now open.

The service, built on the Zilliqa blockchain, stores the blockchain domains in a user’s wallet, just like a cryptocurrency. It stores website content on InterPlanetary File System (IPFS) or other decentralized storage networks, which makes a takedown request impossible.

In addition, the domains can also be used to replace crypto addresses, allowing users to use a human-readable address to receive crypto payments.

Everyone needs a blockchain domain because it makes it easier to receive cryptocurrency,” Matthew Gould, Unstoppable Domains CEO, said as quoted by Yahoo! Finance.

The news followed the company's recent announcement to remove its renewal fees for blockchain domain purchases.

We are doing this because renewal fees are unnecessary on blockchains, thus they shouldn’t exist,” the company said on its press release.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $8,708.59 (-1.09%)
  • Ethereum (ETH) $186.08 (-1.06%)
  • XRP (XRP) $0.270200 (-1.08%)
  • Bitcoin Cash (BCH) $279.70 (-2.17%)
  • Litecoin (LTC) $59.57 (-2.46%)
  • Bitcoin (BTC) $8,708.59 (-1.09%)
Nov 14, 2019 (Thursday)
Amun AG launches Tezos ETP on Swiss SIX Exchange; makes available 7 crypto ETPs on Boerse Stuttgart
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Samsung SDS integrates QEDIT’s private asset transfer solution with Nexledger blockchain
Crypto Technicals: BTG/USD slips lower to test 4H 200 SMA, break below to see more downside
ASX-listed firm DigitalX launched new bitcoin fund
Telegram denies all SEC allegations concerning its gram token and sale
Crypto Technicals: XMR/USD pauses shy of 110-EMA (67.251), break above to fuel more gains
AFME calls for a common approach for regulation of crypto-assets in Europe
Crypto Technicals: XRP/USD edges higher from fresh 3-week lows at 0.2565, bias strongly bearish
Chinese bitcoin mining giant Canaan seeks to raise $100M in US IPO
Crypto Technicals: LTC/USD breaks below 21-EMA, eyes 50-DMA at 57.28
Crypto data provider Messari raises $4M from Uncork Capital, Coinbase Ventures and others
Crypto wallet startup Bitski secures $1.8M from Winklevoss Capital, Coinbase and others
Crypto Technicals: BTC/USD confined to narrow range trade, 5-DMA caps upside at 8814
Nov 13, 2019 (Wednesday)
CME sets January 13 as target date for bitcoin options launch
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
HSBC, SGX, Temasek explore DLT for end-to-end digitalization of fixed income securities
Crypto Technicals: LTC/USD trade rangebound, holds support at 21-EMA (60.12)
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.