Ethos plans to extend Ethereum’s existing validation functionality to confirm a user’s credibility on-chain, something Ethos calls “social validation”
Ethos, the decentralized social (DeSo) application bringing reputation and credibility on-chain, today announces the close of its $1.75M funding round led by a collective group of prominent web3 angel investors including Bharat Krymo, James Hall, 0xQuit, Tre, Dingaling, Sighduck, Dragos, 0xMakesy, Zeneca, and others. The round will be used to finalize the Ethos product before going live on Base later this summer.
Founded in 2023, Ethos Network is a credibility protocol that encourages users to stake their Ethereum in other people, enabling crypto participants to understand who they can trust in web3. Ethos participants will receive credibility scores, similar to credit scores but for social capital, and the determination of a user’s credibility score will be decided by Ethos’s most active and credible users.
Ethos can be used across all industries whether it be DeFi, NFTs, trading, gaming, community building, DAOs, etc.
About Ethos:
Ethos is a decentralized social (DeSo) application bringing reputation and credibility on-chain. It allows users to stake their Ethereum in other people so crypto participants understand who they can trust in web3.
ContactMargaretEthosMargaret@mhconsulting.io
This article was originally published on Chainwire
Source: Cryptocurrency - investing.com
