Boosting Web3 Trust: Karma3 Labs Secures $4.5M for Ratings and Recommendations Enhancement
But Karma3 Labs is hoping to change that with $4.5 million in fresh capital backing its decentralized reputation protocol OpenRank.
This is the protocol’s first capital raise, Sahil Dewan, founder and CEO of Karma3 Labs, told TechCrunch exclusively.
“We are really obsessed with solving trust and safety issues for crypto,” Dewan said.
“We wanted to create a protocol and generalized system, not as a source of trust, but for anyone to come and build reputation systems,” Dewan said.
The OpenRank protocol allows any developer to use its “Reputation Graphs” for ratings, ranking or recommendations for applications or communities.
