ETHOS x Searchfi
The Spaces event hosted a detailed discussion on the ethos project, its objectives, functionalities, and future goals within the Web3 landscape. The main speakers included Serpentax, the CEO and co-founder of ethos, and Abby, an active user and advocate of the platform. Ethos aims to enhance trustworthiness in the crypto space by offering a decentralized reputation scoring system, differentiating itself from similar tools by leveraging crowd-sourced reviews to validate credibility. The event also discussed potential future incentives for active contributors, privacy concerns in reviews, and how ethos aligns with other tools like Kaito. The project is currently in an invite-only phase, emphasizing the importance of maintaining high-quality user contributions.
Summary of Twitter Spaces Recording
Overview
This is a summary of a Twitter Spaces AMA session that featured a discussion on the ethos platform, primarily led by Serpentax, CEO and co-founder of ethos. The session includes valuable insights from guest Abby, a well-regarded figure in the web3 ecosystem. The conversation targeted a diverse audience, highlighting ethos's unique approach to establishing trust and credibility in the web3 space.
Introduction
The session begins with casual greetings and a brief introduction of the participants. Serpentax introduces himself as a web3 entrepreneur with a background in building products in web2. He expresses excitement about presenting ethos, a project aimed at enhancing trust and reputation in the web3 ecosystem.
Key Discussions
The Ethos Platform
- Serpentax outlines that ethos aims to help users identify trustworthy participants in the space, addressing the prevalent issues of scams and dishonest practices in web3.
- He describes ethos as a decentralized review system, akin to Google Reviews, where users assess others within the ecosystem. Positive and negative experiences are averaged to generate reliability scores.
Abby's Insights
- Abby, an experienced ethos user, shares her positive experiences with the platform, praising its ability to aggregate valuable data and trustworthy user interactions.
- She transitions from being a regular user to leveraging ethos's APIs for data analysis, emphasizing its utility in providing decision-making data.
Credibility and Review System
- The discussion explores the credibility verification in ethos reviews. Serpentax acknowledges current limitations but highlights efforts using AI models to filter out unauthentic reviews, ensuring the integrity of opinions shared on the platform.
- Ethos adopts a transparent review process where identities are tied to reviews, promoting accountability and authenticity.
Comparison with Other Platforms
- Serpentax contrasts ethos with platforms like Kaito, upholding that ethos specializes in measuring reputation and trust, while Kaito focuses on capturing the attention and reach of individuals.
- Both platforms are seen as complementary tools in the quest to gauge influence and credibility within the web3 space.
Invitation and Community Involvement
- Current participation in ethos requires an invitation, fostering a community built on trust. Invitations create a bond where the inviter's reputation is influenced by the invitee's actions, adding a layer of responsibility.
Future Prospects and Project Goals
- A significant goal for ethos is to reduce losses due to scams, as reported $9 billion annually in the crypto space. Serpentax envisions ethos as central to growing the legitimate crypto community by preventing newcomers from falling prey to fraud.
Audience Interaction
- The session involves engaging and answering audience questions, reflecting strong interest and support from the Korean community
- Opportunities for community members to gain ethos invites are discussed, and ethos's open invitation to global audiences and multilingual participation is emphasized.
Closing
The AMA concludes with a reiteration of ethos's mission to build a trustworthy web3 environment. Serpentax expresses gratitude for the audience's participation and extends an invitation to join the ethos community irrespective of language barriers. The session ends on a positive note, valuing knowledge-sharing and international collaboration.