Noox Raises $2M to Build On-Chain Reputation with Soulbound NFTs

People will earn non-transferrable NFTs like “badges” based on actions they’ve taken. The NFTs that people own will be a unique fingerprint that identifies them based on their past activities. This reputation history will be used as an on-chain identity to unlock new opportunities.

NFTs now ⟹ DAOs tomorrow A few models being explored rn 👇

3. On-Chain Reputation & Identity

-LinkedIn of NFTs: As we earn non-transferrable NFT “badges” through past actions like attending events, voting in DAOs, or providing liquidity in defi, social media platforms will develop based on the badges we accrue. We may see the LinkedIn of NFTs where our resumes are simply visual reputation display spaces that show past contributions. People... See more

Other companies are exploring how NFTs could be used in establishing and recording people’s identity and reputation online. MIT recently started offering blockchain-based digital diplomas, which are effectively non-transferable NFTs. Meanwhile, both established players like Facebook (now Meta) and new ventures like POAP and koodos are providing way... See more