The Web3 identity layer idOS has completed a $4.50 million financing round, led by Fabric Ventures.

<div><p>According to TechFlow, on July 9, according to official news, Web3 identity layer idOS completed $4.5 million in financing. This round of financing was led by Fabric Ventures, including Arbitrum, Circle Ventures, RippleX, NEAR Protocol, GnosisDAO, Aleph Zero, Radix and Tezos. The financing also marks the establishment of the idOS Alliance, which aims to develop the Web3 identity layer and promote the adoption of decentralized identity in the Web3 space.</p><p>idOS is a decentralized data storage and access management protocol designed to provide an identity layer for dApps, solving compliant user onboarding issues and reducing friction. Users can control their data and decide who to share it with. idOS aims to enable everyday applications of DeFi through OpenFi and drive mainstream adoption of Web3 infrastructure.</p></div>

Web3 identity layer idOS completes $4.50 million funding round led by Fabric Ventures