Kudo Money raises $4 million

Kudo Money closed a $4 million strategic funding round. The investors involved in this round are venture capitalists, crypto communities, media investors, and decentralized protocols.

Kudo is creating an ecosystem of Web 3.0 products such as Unomi and Bitquity for mainstream crypto adoption.

Kudo is a decentralized scoring protocol that powers on-chain identity through the issuance of Unomi Passports. 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 behaviour. Unomi will enable users to batch wallets and sync their on-chain activity into a single interoperable Passport. What’s more, with higher on-chain reputation, users will have more access to borrowing, airdrop and farming opportunities in Ethereum, Polygon, BSC and Solana ecosystems.

Kudo Money is also gearing up to launch its native token $KUDO as part of decentralizing its identity infrastructure. The native token is planned to be released in Q1 next year.