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Fractal x ReBaked: Fostering A Transparent And Inclusive Web 3 Ecosystem

Fractal is proud to announce our partnership with reBaked, a “reverse launchpad” for helping Web 3 ecosystems achieve shared goals by providing collaboration mechanisms, growth tools, governance infrastructure, and revenue sharing agreements for their contributors. Fractal 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 Web 3 look like today?

Web 3 aims to be a decentralized version of Web 2 where users can gain back the ownership of their data and have private and scalable web ecosystems.

The anonymous nature of Web 3 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, we believe that introducing decentralized KYC credentials will provide a layer of security and safety to Web 3 by ensuring all users are unique and legitimate participants.

Fractal x ReBaked for a transparent and safe Web 3

Together, Fractal and reBaked will work to ensure fair, transparent, and inclusive Web 3 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 Web 3 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 Web 3.0 projects, validation the uniqueness of a contributor and avoid social engineering schemes.

Working with Fractal 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 Web 3.0 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 Web 3.0 ecosystems. Tools are designed to offer collaboration mechanisms, growth mechanisms, and governance infrastructure to help projects achieve shared goals Our protocols allows Web 3.0 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

Fractal’s mission is to empower and incentivize users & businesses to exchange data in a privacy-preserving way so that the balance of power and control between web platforms and their users is restored. Find out more in our roadmap for 2022.

If you are interested in exploring how KYC and decentralized identities (DIDs) can help you and your business, reach out to sales@fractal.id or 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’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 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 shall not be deemed to constitute advice in any jurisdiction.

Fractal’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, 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.

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