Reliable off-chain credit scoring on the blockchain provides better service and attracts participants to DeFi.
Quadrata, a Web3 passport startup based in California, closed a $7.5 million seed round led by the blockchain VC firm Dragonfly Capital.
Quadrata launched Web3 passports on the ethereum network, handing out non-transferable NFTs after AML checks.
The Quadrata team launched their first major product, a low code Web3 passport for DeFi KYC after they formed less than eight months ago in Aug. 2021.