ChainCatcher news, former Coinbase CTO Balaji Srinivasan tweeted that AI originates from academic research and large tech companies, thus having a higher reputation; whereas cryptocurrency technology originates from anonymous forums and internet communities, initially having a lower reputation.However, AI makes everything easy to forge, while cryptocurrency technology makes forgery difficult, and the reputations of the two may gradually converge. He believes that although AI is widely recognized as an important technology with civilizational significance, the value of cryptocurrency technology is underestimated, and in the future, the reputations of both will gradually approach each other.

ChainCatcher news, Movement Labs co-founder Rushi Manche publicly accused the Scroll team of numerous issues on the X platform, including:After years in the community, they launched a predatory incentive program that ultimately shifted the burden onto ordinary investors.The team has been selling secondary market shares for years before the launch.Other team members were forced to buy in at an $1.8 billion valuation, while senior leadership was selling at the same time.The Scroll team directly allocated airdrops to their own wallets and then cashed out.They designed the most predatory token economic model, aimed at harming every community member.Manche accused the Scroll team's actions of damaging the reputation of the EVM L2 ecosystem and called for improvements to avoid "making it look like a complete scam."

ChainCatcher message, Ethereum Layer2 network Scroll launches its on-chain personality and reputation portal Scroll Canvas. By interacting with various projects within the entire Scroll ecosystem, users will be able to collect certain achievements in the form of "badges." Canvas is an open-source, permissionless, community-driven platform.It is reported that any project on Scroll can issue badges and set parameters for how to obtain these badges. In addition, users who mint Canvas will receive a token in Session 2.

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, the decentralized reputation protocol OpenRank development team Karma3 Labs announced the completion of a $4.5 million funding round, led by Galaxy and IDEO CoLab Ventures, with participation from Spartan, SevenX, HashKey, Flybridge, Delta Fund, Draper Dragon, and Compa Capital.It is understood that OpenRank mainly aims to enhance user trust in Web3 through ratings and recommendations. The new funds will be used to drive product adoption and assist in launching the initial version of the protocol for developers.

ChainCatcher news, Hadrien Charlanes, the founder of the decentralized reputation protocol Sismo, tweeted that they are returning funds to investors (with a return rate of 51%). "Our development speed is fast, we have solved problems and built a great community. However, our pace is unsustainable." Hadrien Charlanes stated that Sismo has open-sourced parts of the code that were not previously open-sourced and will maintain the basic infrastructure for several months, and is happy to support teams/individuals who wish to turn their work into a public good.According to RootData, Sismo is a modular proof protocol that enables reputation portability and aggregates the issuance of ZK badges. The generation process of ZK badges relies on zero-knowledge proofs (ZKP) and ensures the privacy of users and data. Sismo's ultimate goal is to achieve diverse and interoperable badges that can be creatively combined and promote true innovation in authentication and reputation systems. Sismo completed a $10 million funding round in December 2021, with participation from Delphi Digital, Fabric Ventures, IDEO CoLab Ventures, Framework Ventures, and others.

ChainCatcher news, according to Business Insider, as the U.S. presidential election year approaches and Congress continues to scrutinize BlackRock, the company is restructuring a key lobbying team that handles relationships with government officials and regulators. BlackRock's Global Head of Corporate Affairs, John Kelly, recently wrote in a company memo that the asset management giant is looking to hire a new Head of U.S. Government Affairs and Public Policy, as well as a new Head of State Government Affairs. The state-focused position will be responsible for working in "priority capital" to manage state-level relationships. Kelly stated that the company is facing "increasing reputational pressure in the U.S., along with a range of complex policy challenges."He noted that the company must "adjust its strategy and deploy more resources to address these challenges."

ChainCatcher news, EU regulators have released a consultation opinion on a series of issues regarding the EU's landmark new crypto law MiCA regulation. According to the banking-style rules proposed by EU regulators, shareholders of cryptocurrency companies holding more than 10% will undergo background checks for criminal records or sanctions.MiCA will allow crypto companies to operate within the 27-member bloc, and if executives do not meet the requirements, the MiCA authorization will be revoked. The consultation will be open for feedback until January. The EU regulatory bodies responsible for banking and securities market laws, EBA and ESMA, stated that shareholders and board members of crypto asset service providers "must not have been convicted of crimes related to money laundering or terrorist financing or any other crimes that would affect their good reputation," and this condition must be "maintained at all times."

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 news, Optimism announced the launch of the Superchain Faucet, a testnet faucet that supports a reputation system, allowing developers to access up to 20 times the amount of regular testnet ETH using on-chain reputation data. This will help developers in the Optimism ecosystem to conduct project testing and iteration more effectively. The Superchain Faucet not only supports social authentication via GitHub but also allows developers to authenticate through on-chain identities.Currently, the Superchain Faucet supports OP Goerli but is designed to expand to other OP Chains of the Superchain, including Base, ZORA NETWORK, PGN, and future Superchain partners. The Superchain Faucet currently supports authentication via Optimist NFT and will support WorldID in the future.