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og:description: Karma3 Labs has raised $4.5M to improve trust in web3 with its decentralized reputation protocol OpenRank. The protocol aims to provide open rankings and...
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# Karma3 Labs raises $4.5M to improve trust in web3 with ratings and recommendations

**[TechCrunch](https://daily.dev/sources/tc)** · 3 min read · 0 upvotes · 0 comments

## Summary

Karma3 Labs has raised $4.5M to improve trust in web3 with its decentralized reputation protocol OpenRank. The protocol aims to provide open rankings and recommendations without the need for a centralized entity.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://techcrunch.com/2024/03/01/karma3-labs-openrank-web3-ranking/>

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---

Tags: [#crypto](https://daily.dev/tags/crypto), [#web3](https://daily.dev/tags/web3), [#decentralized](https://daily.dev/tags/decentralized), [#decentralization](https://daily.dev/tags/decentralization)

[View this post on daily.dev](https://daily.dev/posts/karma3-labs-raises-4-5m-to-improve-trust-in-web3-with-ratings-and-recommendations-fdtfiywqt)

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