OpenRank's parent company Karma3 Labs founder Sahil Dewan announced that after operating for 3.5 years, the company will gradually shut down and return the remaining funds to investors. The team will open source the built code, protocols, documentation, and experience summaries, and the related GitHub repositories will be permanently archived.


OpenRank has generated reputation scores for over 10 million on-chain users, supporting integrations with more than 50 DeFi, L1, L2, wallets, Launchpad, and social networks, and has assisted in the distribution of over $50 million in incentives. The team states that it has validated that on-chain reputation signals can influence capital flow and user behavior, but has never been able to find a sustainable compound growth business model.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned