Unstoppable Domains to Raise $4M

The startup acts as a decentralized domain registrar, claiming that sites hosted on the .zil domain cannot be closed by the authorities or traditional providers 
24 May 2019   262

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.

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 as you want.

Brad Kam
Co-founder, Unstoppable Domains

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.

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 is the custodian. In this world, you control the domain yourself and no one can take it from you.

Brad Kam
Co-founder, Unstoppable Domains

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.

EOS to Buy $30M Worth Domain For Its Social Network

Earlier, CEO reported that his company will spent about $150M to develop Voice, and looks like "voice.com" purchase for $30M is one of the first steps
19 June 2019   146

The Block.One company, known for developing the EOS blockchain protocol, acquired a domain for its new social network Voice for $ 30 million. This is evidenced by documents published on the website of the US Securities and Exchange Commission (SEC).

Documents were provided by MicroStrategy, an analytical and mobile software provider. It follows the “voice.com” domain, registered in the GoDaddy domain name registry, was transferred to the EOS developer on May 30, 2019. After 2 days, Block.One officially announced preparations for the launch of a social network.

Block.one has made a smart strategic decision in choosing Voice.com to be the internet domain name for its new social media platform. The word ‘voice’ is simple and universally understood. It’s also ubiquitous — as a search term, it returns billions of results on the internet. An ultra-premium domain name like Voice.com can help a company achieve instant brand recognition, ignite a business, and massively accelerate value creation.

Marge Breya 

Senior Executive Vice President and Chief Marketing Officer, MicroStrategy Incorporated. 

The commercial model of MicroStrategy is based, among other things, on the accumulation and sale of such expensive domain names.

According to Block.One, the identification of users and the use of the EOS blockchain in the social network will help to avoid the massive influx of bots, which often affect other members of this niche. Earlier, CEO Block.One Brendan Blamer reported that his company spent about $ 150 million to develop Voice.