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To date, has raised $490 million to date. Since 2012, 76 million wallets have conducted $800 billion in transactions using. Blockchain domains have already become the standard for crypto wallets, and interoperability is at the forefront of Unstoppable Domains’ mission.ī recently raised $300 million at a $5.2 billion post-money valuation, led by partners of DST Global, Lightspeed Venture Partners, and VY Capital. Along with sending and receiving funds, these NFT domains are used to create decentralized websites to publish content and access Web3. Unstoppable Domains has registered more than a million domain names, with each minted as a nonfungible token (NFT) on the Ethereum blockchain. Making crypto payments as easy as sending an email helps pave the way for wider adoption of crypto, Pellicce said. This drastically reduces the potential for errors without compromising on user security. The first step here is making it easy to send crypto to friends and family using more familiar-looking usernames. We need to make this easier for normal people, and we need to make it so that you can feel comfortable sending these transactions without that fear or else adoption is going to be slow.”Īmadeo Pellicce, product manager at, said that the company has worked hard to make crypto easier to use so it can build a new financial system for the internet. It’s really big, but the tech is still very raw. And I think that just shows how early we are. And visually, it is kind of ridiculous that people are doing it. And people are sending it around to these really long bank account numbers. Gould said it’s hard to believe it is taking a while to solve the problem. It gives you the freedom to send money to whoever you wish. Gould said that the solution is similar to payment systems like Venmo, which make it easier to send money to a friend because you can simply open an app and tap on the person’s face to send them money.Īnd by reducing the emotional fear and friction around sending money to an unknown address, Unstoppable Domains can make crypto more accessible to mainstream users. Now, instead of “156i6HJfMWb1h2BEsKpfvZ2tQugqo4vs2w,” users can simply type “.crypto” to send money to others or transfer it between accounts. crypto usernames compatible with 50+ wallets and exchanges, including. Unstoppable Domains solves this by introducing human-readable. It’s a very similar thing.” Solving the problem And then they invented a naming service for those so that you could use. “You actually had to remember long strings of numbers in order to find the very first content on the internet. “What is funny is this is a case of history repeating itself because we did the exact same thing with computer networks in the ’90s, where the very first way to look up websites was actually using IP addresses,” Gould said. It’s a lot easier to remember your name than your hex address for cryptocurrency. For the regular internet, it’s a lot easier to remember than it is to remember the company’s IP address. The simple analogy here is your internet protocol (IP) addresses. “If you get a group of 10 crypto people in a room and you ask them about the barriers to adoption, better cryptocurrency UX is going to be one of the top three things that they mention,” he said. It’s also just a bad user experience design, Gould said. And I don’t know if you’ve ever sent a payment in Bitcoin or something else, but you’re going to be nervous about it.
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“It’s emotionally terrifying, which is not good because your first consumer experience is fear the first time you ever send cryptocurrency. “If you have a typo on a blockchain transaction, the money’s gone forever,” said Gould. That’s terrifying, and I recall it stopped me from sending a payment to someone in that way. If a person mistypes or miscopies a wallet address, those funds can be lost forever. Traditionally, sending Bitcoin, Ethereum, Doge, and other cryptocurrencies requires entering the recipient’s 25- to 42-digit alphanumeric wallet address, Matthew Gould, CEO of Unstoppable Domains, said in an interview with VentureBeat. Through this integration, Unstoppable Domains and are hoping to make crypto more appealing by reducing the risk of human error when sending funds, drastically simplifying transactions between users and 50-plus other wallets and exchanges supported by Unstoppable Domains. has 32 million verified users across 200 countries, and they can now send crypto to simple, human-readable usernames instead of full-length wallet addresses.