Web3 identity layer idOS announces the completion of a $4.50 million funding round

Wu reported that the Web3 identity layer idOS has announced the completion of a $4.50 million funding round, led by Fabric Ventures, with participation from Arbitrum, Circle Ventures, RippleX, GnosisDAO, NEAR Protocol, and others. This funding round also marks the establishment of the idOS alliance, which aims to develop the Web3 identity layer and promote the adoption of decentralized identities across the entire Web3 space. idOS is a decentralized data storage and access management protocol that enables the ecosystem to provide an identity layer for dApps, addressing compliance issues for user onboarding and significantly reducing friction.