Fractal ID x ReBaked: Fostering A Transparent And Inclusive Web3 Ecosystem

Fractal ID is proud to announce our partnership with reBaked, a “reverse launchpad” for helping web3 ecosystems achieve shared goals by providing collaboration mechanisms, growth tools, governance infrastructure, and revenue-sharing agreements for their contributors. Fractal ID is supporting reBaked by providing seamless and privacy-preserving KYC experience to users in order to establish grounds for transparent and inclusive web 3 ecosystems.

What does web3 look like today?

Web 3 aims to be a decentralized version of web2 where users can gain back the ownership of their data and have private and scalable web ecosystems.

The anonymous nature of web3 empowers users to build any community they want and support any project they believe in. However, boundless freedom can lead to unfortunate consequences such as money laundering, identity theft, and scams.

In Fractal ID, we believe that introducing decentralized KYC credentials will provide a layer of security and safety to web3 by ensuring all users are unique and legitimate participants.

Fractal ID x ReBaked for a transparent and safe Web3

Together, Fractal ID and reBaked will work to ensure fair, transparent, and inclusive web3 communities. Which, in turn, will provide the following benefits to new web3 projects that utilize reBaked’s infrastructure and tools to bootstrap their community:

• reBaked through the community mining mechanism to help DAOs and web3 projects to allocate value to contributors, guarantees an inclusive and transparent mechanism for the distribution of funds. By adding a decentralized KYC layer, helps collaborators to build their own digital identity, scale their influence, and contribute to a more transparent remuneration for contributors in a community
• It helps projects to navigate through the regulatory landscape, and equip them with more robust tools to identify the distribution of funds
• It supports reBaked’s goal for the distribution of Minimum Guaranteed Payment by contributing to web3.0 projects, validation the uniqueness of a contributor and avoid social engineering schemes.

Working with Fractal ID to build decentralized identities for our collaborators sets new foundations for validating credentials and build an environment of support for contributors of OpenSource projects, but also active members in the growing and very promising DAO landscape.

About ReBaked

reBaked is building a set of governance, management, and operations tools for DAOs and web3.0 ecosystems to better distribute and manage their treasuries- focusing on value creation from their communities.

Our projects helping DAOs to align incentives with contributors- safeguarding the long-term success and financial sustainability of web3.0 ecosystems. Tools are designed to offer collaboration mechanisms, growth mechanisms, and governance infrastructure to help projects achieve shared goals Our protocols allows web3.0 Projects to get enhanced deliverables faster, build stronger community bonds, decentralize faster, and achieve better return of value to the stakeholders. Our native token $BAKED is backed by ecosystem treasuries accumulated by incubated projects, which are actively managed by the RBKD DAO.

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About Fractal ID

Fractal ID is the leading identity solution provider for web3 ecosystems. We are building a vertically integrated identity stack that works for everyone, everywhere. To transform decentralized identity adoption into reality, Fractal ID is currently building the idOS — the identity layer of web3.

If you are interested in exploring how web3-native identity solutions (DIDs) can help your business, book a meeting with our team.

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This article does not include elements of any contractual relationship. This article shall not be deemed to constitute a prospectus of any sort or a solicitation for investment or investment advice; nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction.

For the avoidance of doubt, please note that the Protocol has not been fully developed. Any statements made about the Protocol are forward-looking statements that merely reflect Fractal ID’s intention for the functioning of the Protocol. There are known and unknown risks that can cause the results to differ from the forward-looking statements.

Fractal ID does not intend to express investment, financial, legal, tax, or any other advice, and any conclusions drawn from statements in this article or otherwise made by Fractal ID shall not be deemed to constitute advice in any jurisdiction.

Fractal ID’s intended purpose of the Tokens is to be used as means of payment for the services that will be offered within the Protocol (the “Services”). The purchase, ownership, receipt, or possession of Tokens carries no rights, express or implied, other than the right to use Tokens as a means to enable usage of Services in accordance with the then-applicable terms of use relating to the Services offered within the Protocol. The Tokens do not represent or confer any ownership right or stake, share, security, or equivalent rights, or any right to receive future revenue shares, intellectual property rights, or any other form of participation in or relating to the Protocol, Fractal ID, Service Providers or any of their corporate affiliates, other than any rights relating to the provision and receipt of Services, subject to the applicable terms, conditions or policies that may be adopted by participants in the Protocol.