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Unstoppable Domains is focused on creating a user-owned, digital identity for all. The company recently reached unicorn status at a valuation of $1 billion.
Unstoppable Domains has integrated the privacy-focused email service Skiff to enable users to send private emails. The idea is to allow anyone with an Unstoppable Domains domain name to send encrypted emails with tools provided by Skiff. The need for privacy is a trending topic in the US after the government banned the crypto privacy tool Tornado Cash.
Earlier his month, the US Treasury sanctioned the Ethereum coin mixing tool Tornado Cash. The Treasury Department added the website to its Specially Designated Nationals list, restricting Americans from using the tool. According to the agency, the measures were taken because criminals laundered money using Tornado Cash. The Office of Foreign Assets Control (OFAC) claimed that criminals had laundered over $7 billion worth of virtual currency through the platform since it was founded in 2019.
Unstoppable Domains Users Can Now Send Private Emails with Skiff
With Tornado Cash down, Unstoppable Domains is seeking ways to let Web3 users send end-to-end encrypted emails with the help of Skiff.
Senior Vice President and Channel Chief at Unstoppable Domains, Sandy Carter, noted the importance of integrating with Skiff. Carter said privacy is essential to Web3, adding that:
“Privacy for me is one of the most important tenets of Web3. We want all Web3 apps to have a way to directly communicate with their users, if they don’t, then they don’t have a way for building community – which is a core point of Web3.”
Speaking on the new deal with Unstoppable Domains, Skipp CEO Andre Milich said it is currently an interesting time in privacy. Milich mentioned that Skiff’s main product is open-source and free. He also said:
“We’ve done everything possible to make your identity owned by you.”
Unstoppable Domain Reaches Unicorn Valuation
Unstoppable Domains is focused on creating a user-owned, digital identity for all. The company recently reached unicorn status at a valuation of $1 billion. This came after it raised $65 million in a Series A funding round. The round was led by new investor Pantera Capital, with contributions from other investors, including Redbeard Ventures. More participants in the financing round were Alchemy Ventures, Polygon, CoinGecko, Mayfield, OKG Investments, and more. Existing supporters like Boost VC and Draper Associates also backed the round.
The company’s founder and CEO, Matthew Gould, said it has registered over 2.5 million crypto domain names. The registered crypto domain names included extensions with .bitcoin, .nft, .blockchain, .dao, and .crypto. Unstoppable Domains also said it had amassed over $80 million in sales, with registration beginning at $5 per domain.
Standing firm through the journey, the company also has partners in the crypto industry. They include Coinbase, Blockchain.com, crypto wallet Rainbow, and web browser Brave.