Announcing our $4.5m round led by @fabric_vc, and including leading web3 ecosystems and organizations @arbitrum, @Circle Ventures, @ripplexdev, @NEARProtocol, @GnosisDAO, @Aleph__Zero, @radixdlt and @tezos. This round also marks the creation of the idOS Consortium—a collaborative initiative among leading web3 ecosystems and organizations. The Consortium aims to develop the identity layer of web3 and promote the adoption of decentralized identity throughout the web3 space. idOS is a decentralized data storage and access management protocol. It enables ecosystems to provide an identity layer for dApps to solve compliant user onboarding and significantly reduce friction. For users, idOS provides control over their data and the ability to decide with whom they share it. A cross-chain, composable and compliant identity layer is a crucial element for web3 to achieve mainstream adoption. Our goal is to bring DeFi into the real world by enabling everyday use cases that leverage decentralized, permissionless, and more efficient web3 infrastructure. We call this OpenFi. To make this a reality, we are working together with our Consortium Partners and teams such as @safe, @Celo, @Fractal_ID, @KwilTeam, @monerium, @MentoLabs, @OVioHQ, @gnosispay, @zealwallet and many others. Monolithic identity systems and closed standards have been major obstacles to the adoption of decentralized identity. This is a call for all identity builders, ecosystems and OpenFi infrastructure providers and dApps to join us in our mission. Let's come together to finally build an open identity system the way it is supposed to be! Read the full announcement blog here: