Overview

EtherScore: Building onchain reputations to improve Web3 governance and incentives

EtherScore addresses the current shortcomings in Web3 by providing a unified, decentralized reputation system using NFT badges. This system enables Dapps and DAOs to efficiently curate and reward users for their contributions, offering a clearer view of user activity and achievements.

By mitigating the complexities of blockchain explorers and reducing the influence of speculators and bots in token distribution, EtherScore promotes fairness in both incentives and governance, ensuring that communities are governed by active and engaged participants rather than just capital holders.

More context:

• Reputation systems in blockchains are missing: bots benefit from airdrops and incentives at the expense of Dapps and real users, speculators exploit token sales and DAO governance prioritizes capital.

• Applications need a way to identify and reward efficiently their users for their contributions.

  With EtherScore, users can build their on-chain reputation by collecting badges to represent Web3 achievements. EtherScore profiles showcase resumes of users' Web3 activities in a single place.

• Dapps can build on top of badges to develop reputation-based services such as curated social networks, fair airdrops and token sales, loyalty programs, DeFi and DAO governance based on on-chain reputations etc.