Karma3 Labs is building OpenRank, a decentralized reputation protocol that enables developers and web3 protocols to provide ranking, recommendation, and reputation services on‑chain. OpenRank lets developers permissionlessly compute on reputation graphs constructed from on‑chain or peer‑to‑peer social graph data and supports graph algorithms such as EigenTrust. The protocol leverages zero‑knowledge proving systems to make graph‑algorithm computation verifiable and cost‑effective, and aims to be Sybil‑resistant, open‑source and permissionless. Early use cases cited include community ratings for app marketplaces like MetaMask Snaps, ranking and recommendation APIs for Lens and Farcaster, on‑chain discovery feeds for wallets, and reputation‑based voting and governance. Karma3 plans to use the $4.5M seed to broaden adoption across early use cases and to launch protocol v1 for developers. The team positions OpenRank as a foundational reputation compute layer intended to reduce centralized gatekeeping and power decentralized web‑of‑trust experiences.

Total raised

$5M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2024