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

The hope is that one day blockchain-based social media and community tools can create a portable resume or data set that will allow one to take one’s curiosity and obsession data from platform to platform; for now though, creating holistic cross-platform portraits of experts is key. Allowing active discourse participants / future experts to share t... See more

Today, crypto technologies like decentralized autonomous organizations (DAOs) and non-fungible tokens (NFTs) enable a new model of character development and ownership that could not only unbundle creative media, but also lower the barrier to entry for online communities to bring new characters into the world.

...blockchain-based accounts are particularly apt at persistent pseudonymity through providing a public, pseudonymous, and cross-platform address that displays its actions over time, what Shreyas Hariharan calls on-chain reputation. What we need, then, is a technical stack that supports not an identity, but a collection of identities to navigate th... See more

There is some form of reputation scoring. Reddit for example has Reddit gold, and badges, etc. which travels with a person’s avatar. In the DAO version of this, those rewards can travel with a person who goes to any other DAO built on top of the same protocol (aka. Interoperability, a word you all know!)

Reputation tokens on digital platforms typically serve two purposes:

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