Exnetwork Supports Kudo, a Metaverse Identity Issuance Protocol
Exnetwork announces its investment in mainstream crypto adoption with Kudo, a decentralized identity protocol based on on-chain activity. The Kudo Protocol is built on Ethereum, Polygon, BSC, and Solana ecosystem.
With the adoption of pseudonymous public key addresses as identity proxy, it is becoming increasingly crucial for protocols to leverage on-chain history for an address to provide a better user experience. Kudo is building an ecosystem of DeFi and web 3.0 products like Unomi and Bitquity for mainstream crypto adoption.
Unomi: On-chain Identity Passports
Unomi is one of Kudo’s products, a decentralized scoring protocol that powers on-chain identity through the issuance of Passports. A decentralized identity protocol based on on-chain activity. With the adoption of pseudonymous public key addresses as identity proxy, it is becoming increasingly crucial for protocols to leverage on-chain history for an address to provide a better user experience. Unomi passport scores will provide protocols with an insightful view of their users, allowing them to make better decisions and reward good on-chain behavior. Kudo brings a new primitive to Crypto, an identity data engine for user interactions, unlocking a myriad of new Metaverse and DeFi applications. Unomi will allow users to batch wallets and sync their on-chain activity into a single interoperable Passport.
Unomi NFT will provide protocols with an insightful view of their users, allowing them to make better decisions and reward good on-chain behavior. Kudo brings a new primitive to Crypto, an identity data engine for user interactions, unlocking a myriad of new Metaverse and DeFi applications.
Bitquity: Kudo Money’s Treasury Lending Platform
Bitquity is another Kudo product that aims to fill this gap in the crypto market by providing debt financing and working capital for organizations and individuals such as ICO companies and NFT creators. Such entities can receive loans by either putting up their own native tokens or NFTs as collateral. This is particularly helpful for Blockchain start-ups who will no longer need to sell tokens to fund project development, but instead can take a Bitquity Loan. Institutional investors too, who previously may have been reluctant to participate in the DeFi space, will now have peace of mind, as Kudo pools will provide secure portals and support whitelists of approved participants.
We’re excited to be part of Kudo’s innovative project with its products showing great potential for huge widespread adoption in mainstream markets in the future. Kudo’s Treasury Lending coupled with its Interest and Risk Benchmark solves a real problem in the crypto space, benefitting both Borrowers and Lenders alike. This is further supported by Kudo’s Open Money Markets which will only work to increase its outreach and market share in the future. Kudo Money’s platform offers a sheer number of advantages for numerous different stakeholders, and we believe it will pave the way in revolutionizing the DeFi ecosystem.
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Get to know Exnetwork Capital
Exnetwork is Philippines’ #1 crypto fund with strong ties to every major geographical crypto community in the world. It’s exceptional network include several DAOs, telegram communities, a leading validator, incubator, idea labs, gaming guilds and growth agency.
In 2021, we’ve seen an incredibly strong period for innovation at Exnetwork Capital, with a barrage of creative projects developed by builders, early adopters, and visionaries all looking to develop the next big thing in crypto. Exnetwork Capital aims to invest in a diverse group of projects that will surely disrupt the market.