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Karma3 Labs raises $4.5M to improve trust in web3 with ratings and recommendations
There’s no reputation system in the decentralized world of web3, so it’s hard to figure out which entities and individuals to trust and depend on.
To start, OpenRank is working with Metamask Snaps; providing ranking and recommendation APIs for Lens and Farcaster; and helps with on-chain discovery feeds for consumer apps, crypto wallets and reputation-based voting and governance, Dewan said. The protocol also plans to put “resistant mechanisms” in place to prevent bad actors or scammers who try to cheat the system by wash trading or sharing malicious links. In the near term, the startup plans to continue working with its launch partners and open up OpenRank to help people find, buy and vote for what they trust on-chain.
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