Decentralized domains: Unstoppable Domains received $ 4 million with support from Tim Draper

The San Francisco-based blockchain-startup Unstoppable Domains declares its mission to fight for Internet freedom, at least in part, control over the registered domains. Now the company’s famous Bitcoin enthusiast Tim Draper Draper Associates has made an important contribution to this initiative, CoinDesk writes.

Unstoppable. https://t.co/upx2GcwhPS

– Adam Draper @ ? ? (@AdamDraper) May 23, 2019

Draper Associates led a round of funding for Series A, during which Unstoppable Domains raised $ 4 million. Another participant in the round was Adam Draper's Boost VC company, which in December 2018 made seed investments in a startup worth $ 730,000.

“In order for freedom of fame to work around the world, you need to be able to say what you want and conduct business the way you want, ” said Brad Kam, co-founder of Unstoppable Domains.

The startup acts as a decentralized domain registrar, claiming that sites hosted on the .zil domain cannot be closed either by the authorities, but by traditional service providers in this area.

The domains themselves that the service offers are stored in wallets created using the Zilliqa blockchain, and the content of the sites is packed into the IPFS (InterPlanetary File System) and other decentralized networks for data storage.

Also .zil domains can act as readable addresses to which cryptocurrency payments can be sent.

Discussions around domain registrars became particularly acute when, in October 2018, shortly after the massacre in the Pittsburgh synagogue of the year, GoDaddy removed the popular socially right-wing social network Gab .

“In the old world, GoDaddy acts as a castadian. In this world, you yourself control your home, and no one can take it away from you, ”said Brad Kam.

He also added that in the future users may be offered other domain extensions. The current offer, however, is limited to .zil, available for $ 10 for a standard name and for $ 250 for a premium service.

Recall earlier in an interview with BlockchainJournal, the head of the company Draper Associates Tim Draper said that Bitcoin will grow in price to $ 250,000 and take 5% of the total share of the global economy.

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