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

As pseudonyms become more verifiable, they become more valuable. Increasingly, pseudonyms in web3 can verify inventory (money, digital goods) and history (proof of attendance, transactions, content creation). As we do work for organizations and communities under our pseudonyms, they become more valuable.

First, the reputation and credentials you receive in Web 3 are specific to you, not an app or platform. They are portable, and can’t be suspended or deleted. This has an upside and a downside. The upside is the value you provide in one corner of Web 3 can be rewarded in another corner. The downside is a poor reputation follows you, just like real l... See more

Additionally, there’s a whole class of applications based around the use of reputation to incentivize new forms of creation or contribution. Currently, it is difficult to decipher who is a subject-matter expert and to recognize and reward them. With decentralized identities that track contributions across the internet, we will be better able to gau... See more

...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