ChainCatcher news, the on-chain reputation scoring protocol Ethos Network announced the completion of a $1.75 million Pre-Seed funding round, with 59 community investors participating and no VC involvement. Ethos will soon launch on Base.According to the Web3 asset data platform RootData, Ethos provides reputation scores with supporting documentation, similar to credit reports, but with an open protocol and on-chain records. Ethos incentivizes ethical behavior through social proof; this is a consensus-based decentralized verification mechanism driven by human values, judgment, and actions.

ChainCatcher news, Coinbase founder Brian Armstrong announced ten promising crypto sectors on his social media, which are:Flatcoin (a stablecoin designed to combat inflation and linked to the cost of living);On-chain reputation;On-chain advertising;On-chain capital deployment;Decentralized labor markets;Layer 2 privacy;Fully on-chain P2P exchanges;Web3 gaming economy;Tokenization of real-world assets;Network status tools.

ChainCactehr news, the developer of the on-chain reputation governance platform Jokerace, JKLabs, announced the completion of a $2 million pre-seed funding round, with participation from 1kx, Boys Club, Seed Club Ventures, and over 90 angel investors.It is reported that Jokerace aims to address governance-related issues by using on-chain reputation to assess who should have more say in the governance process, allowing projects to initiate competitions and hackathons, distribute grants, and provide incentives to on-chain community members.

ChainCatcher message, the Web3 incentive platform RabbitHole announced the launch of ETH Earned, where users will receive ETH rewards after completing tasks on RabbitHole, in order to build a new on-chain reputation system. Use cases for ETH Earned include task eligibility, resistance to sybil attacks, wallet scoring, access to exclusive platforms, governance weight, incentivized learning, access to token airdrops, and more.In addition, RabbitHole created the first NFT in the Mirror series to commemorate the launch of ETH Earned. (Source link)

ChainCatcher news, Coinbase's Ethereum Layer 2 network Base recently published a blog post announcing the four major directions supported by its ecosystem fund:Stablecoins that can track inflation rates (flatcoins);On-chain reputation platforms;On-chain limit order book (LOB) trading platforms;Safer DeFi, which includes tools that can prevent smart contract code vulnerabilities or protocol logic errors, as well as ultimate on-chain insurance and insurance protocols, or any other products that can provide critical support to users in the event of smart contract failures.Previously, ChainCatcher reported in February that Coinbase announced the establishment of the Base ecosystem fund alongside the announcement of L2 Base, which will invest in and support early projects based on Base that meet Coinbase's investment criteria, and applications are currently open. (source link)