The on-chain reputation scoring protocol Ethos Network has completed a $1.75 million Pre-Seed funding round.

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.