Decentralized social application Ethos completes $1.75 million Pre-Seed round of financing, with angel investors including Bharat Krymo participating
A decentralized social (DeSo) application that focuses on introducing reputation and credibility onto the blockchain, has announced the completion of a $1.75 million Pre-Seed round of financing. Web3 angel investors such as Bharat Krymo, James Hall, 0xQuit, Tre, Dingaling, Sighduck, Dragos, 0xMakesy and Zeneca participated. Ethos Network uses Ethereum's verification function to confirm user credibility for ETH collateralization, and network participants will receive a credibility score. The new funds will be used to launch the product on Base later this summer.
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