July 02, 2024
Ethos, a decentralized social (DeSo) application that aims to bring reputation and credibility to the blockchain, has successfully closed a funding round of $1.75M. This round was led by a group of notable web3 angel investors such as Bharat Krymo, James Hall, 0xQuit, Tre, Dingaling, Sighduck, Dragos, 0xMakesy, Zeneca, among others. The funds raised will be utilized to finalize the Ethos product, with plans to launch on Base later this summer.
Project | Latest Raise | Latest Raise Date | Stage | Total Raise | Category |
|---|---|---|---|---|---|
Ethos | $1.75M | July 02, 2024 | Pre-Seed | $1.75M | Web3 |
Established in 2023, the Ethos Network is a protocol designed to promote credibility by encouraging users to stake their Ethereum on others. This approach aids crypto participants in identifying trustworthy individuals within the web3 space. Participants in Ethos will be assigned credibility scores, akin to credit scores but intended for social capital. The determination of a user's credibility score will be made by the most active and credible users within the Ethos network.
About Ethos
Ethos is a decentralized social (DeSo) platform that serves as a hub for social discussions. It encourages users to learn from, engage with, and interact with unique content that inspires and motivates a new generation. The Ethos Network is collaborating with several key figures to further the conversation.
Website: https://www.ethos.network/
X Followers today: 9,322
About Investor
This round was led by a group of notable web3 angel investors such as Bharat Krymo, James Hall, 0xQuit, Tre, Dingaling, Sighduck, Dragos, 0xMakesy, Zeneca, among others.
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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