PANews June 4 news, according to Crypto.news, the Web3 identity protocol Shards Protocol has completed a $2 million financing round, with participation from institutions such as Animoca Brands, Kyber Ventures, and Yield Guild Games. The funds will primarily be used to develop its flagship product Aura—a system that transforms user on-chain activities into verifiable reputation and rewards.
Aura, as a Web3 reputation layer, allows users to showcase their reputation scores and badges earned from on-chain activities through the X platform. The system plans to launch tokens and expand its features within the year, enabling users to unlock rewards by minting more badges. This financing will accelerate the protocol's integration process within the Web3 ecosystem.
