KARMA3 LABS has completed a $4.5 million financing round, led by GALAXY and IDEO COLAB VENTURES, with participation from SPARTAN, SEVENX, HASHKEY, FLYBRIDGE, and others. The purpose of this funding round is to drive the adoption of the decentralized reputation protocol, OPENRANK, and accelerate the release of its initial version for developer use. OPENRANK aims to enhance trust in WEB3 through rating and recommendation systems.

According to TechCrunch, Karma3 Labs, the development team behind the decentralized reputation protocol OpenRank, has completed a $4.5 million financing round. The round was led by Galaxy and IDEO CoLab Ventures, with participation from Spartan, SevenX, HashKey, Flybridge, and others. OpenRank aims to enhance trust in web3 through rating and recommendation systems. The funding will be used to drive adoption and accelerate the release of the protocol's initial version for developers to use.

KARMA3 LABS has completed a $4.5 million financing round, promoting the decentralized reputation protocol OPENRANK.