The challenges with building a reputation in Web3 — and how to solve them
Right now, we lack full control of our data — and it's siloed. But in the months and years ahead, decentralized identities and reputations could change that. Amazing things are being built in Web3 — often by pseudonymous individuals who prefer to keep their real-world identity private.In some ways, this is liberating. It means that anyone can have a chance to get involved in a project and deliver value to the community — irrespective of their background.But as decentralized identities proliferate, there's one issue that cannot be ignored: Ensuring that there's an easy way for us to verify....
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The Web3 gaming ecosystem has grown swiftly in the last two years. The crypto space has attracted billions of dollars in investments, and now it’s starting to attract the attention of gamers with a trend called web3 gaming. However, given that the space is relatively young, it still encounters its fair share of challenges. These challenges have been made even more obvious in the bear market. From a high barrier to entry to complicated technological navigations required to access the games, blockchain gaming has been held back in its growth by the lack of solutions to these challenges.....
In December 2021, Elon Musk tweeted that “Web3 sounds like bs”. This is frustrating for a few reasons. First: because of all the massive hype and grand claims that Web3 will revolutionize the world, it is building a reputation that it will change the very fabric of our lives and make all the current issues […]
The World Table, a startup company in Orem, Utah, is building a quantified reputation system to aggregate reputation data and report trust scores for individuals and organizations. The system is built upon Open Reputation, an open source decentralized reputation platform under development, sponsored by The World Table, which maps identity and reputation onto the Internet-of-things (IoT). The Open Reputation concept is open and flexible, able to accommodate diverse applications and usage patterns, from user reputation and "karma" in online discussion spaces to automatic reputation-based....
Web3 developer growth hit an all-time high in 2021, yet challenges lie ahead for new developers flooding the space. “Web3” may be one of the biggest buzzwords of 2022, but the idea of creating an entirely decentralized platform to host decentralized applications has long been a vision of the crypto community. While it’s notable that some blockchain companies began building out Web3 applications four or five years ago, the Web3 space has only started gaining traction recently. The recent growth of Web3 was highlighted in a new report from Electric Capital, a venture capital firm that has....
OMA3 will focus on proposing standards and facilitating collaboration between various stakeholders of Web3 and other industries. Blockchain-based metaverse and Web3 platforms have decided to form an Open Metaverse Alliance for Web3 (OMA3) to overcome the interoperability challenges of the industry. Four core principles of the Alliance are said to be transparency, inclusiveness, decentralization and democratization. The joint organization was established by Alien Worlds, Animoca Brands, Dapper Labs, Space, Superworld, The Sandbox (SAND), Upland and Voxels. As the official announcement....