Open-source code, fund refunds, and a dignified exit are more worthy of respect than stubbornly holding on — the story of on-chain reputation isn't over; it's just continuing in a different way.

Crypto news, Karma3 Labs founder Sahil Dewan announced that after operating for 3.5 years, the company will gradually shut down and return 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, launchpads, and social networks, and has assisted in the distribution of over $50 million in incentives. The team states that it has verified 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.