Atom Accelerator DAO (AADAO) Grant Announcement Card - in Blank
Team: Coreto
Amount Asked: $125,000
Status: Rejected

Decentralized Reputation Framework for Cross-Ecosystem Trust and Engagement

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Coreto DRS is a reputation framework that helps users to build, own, and carry their reputation across multiple ecosystems in the Cosmos Network and beyond. As a user-centric and scalable solution, Coreto DRS addresses a critical gap in Web3: the need for trustworthy, interoperable reputation systems that enhance engagement, security, and transparency across dApps and social platforms.

In Web3, reputation is siloed within individual platforms, limiting users’ ability to leverage their achievements, behaviors, and community contributions across networks. This fragmentation reduces the potential for collaboration, trust, and meaningful engagement between users, dApps, and ecosystems, ultimately slowing ecosystem growth. Without a unified reputation metric, communities and platforms struggle to assess user trustworthiness, which is needed for effective governance, secure transactions, and personalized services.

We offer a decentralized and dynamic reputation model that combines on-chain activity with community-driven input, allowing users to build a verified reputation they can transport across ecosystems. By integrating Coreto DRS into the Cosmos Hub, the Atom Accelerator can transform how Cosmos and interchain ecosystems interact, making Cosmos a central hub for interoperable trust. We plan to develop and deploy tools, such as a cross-chain reputation dashboard, reputation-weighted governance mechanisms, and dynamic NFTs that evolve based on user engagement, to attract, engage, and reward Cosmos users.

Team: Coreto
Current Status: Rejected
Funding Program: Regular Grants
Funding Category: Cross-Ecosystem Collaboration

Amount Requested: Amount in their initial application, or for RFPs, their first quote or that of the nearest competitor $125,000

Date Applied: Nov 02, 2024
Date Rejected: Generally includes time spent doing interviews, rescoping or amending the application, and due diligence Nov 27, 2024 (3 weeks)

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