Karma3 Labs Raises $4.5M to Fund OpenRank, a Decentralized Reputation System for Web3

Karma3 Labs raised $4.5M to fund OpenRank, a decentralized reputation protocol for improving trust in web3 platforms.
OpenRank allows developers to integrate rankings, ratings, and recommendations without a centralized entity controlling the data.
The protocol aims to help launch consumer apps, communities, and marketplaces in crypto and web3.
It works by providing developers with reputation graphs and ranking/recommendation APIs to integrate.
OpenRank plans to make it easy for any third-party developer to create their own customized ranking systems.