Quicknode

August 16, 2024 — 3 min read

Welcome back to Feature Fridays! This week, we're thrilled to highlight Ethos, a groundbreaking project redefining trust and accountability in the web3 space. Ethos aims to create a safer, more transparent ecosystem by combining reputation with financialization, ensuring that trust is at the core of every interaction.

Join the waitlist

Q & A with Ethos 👇

Could you introduce yourself by sharing your name, prior experience, and current role within your company? Additionally, please briefly explain your company's mission and what it offers to its customers.

I go by Serpin Taxt on Twitter. My current role is CEO of Ethos. Our mission is to create a safer and trusted environment for on-chain crypto. We're building a credibility score for crypto participants powered by on-chain peer-to-peer feedback to help everyone understand who can be trusted and who can't. It has a twist, though, as feedback can be amplified through financialization - vouch for people with Ethereum to put your money against their name.. and risk getting slashed if it turns out you're a bad actor.

​How has your company grown and changed since its inception, and what do you have planned for its future?

We are in the pre-seed stage, with about 10 people contributing to Ethos. We're launching on Testnet in the next couple of months.

What inspired you to develop Ethos, and how did you conceive?

The inspiration behind developing Ethos stemmed from witnessing the same individuals repeatedly exploit the space—grifting, scamming, and extracting money without facing any real accountability. Additionally, we were intrigued by how Friend.tech introduced the concept of 'reputation backed by financialization.' For example, before purchasing someone's key to their room, people needed to assess whether they could trust that person. This led to the creation of Dune dashboards, where users could see the 'trust levels' of different individuals on-chain. This idea strongly influenced the creation of Ethos. My co-founder and I were so committed to this vision that we quit our jobs late last year to focus on it full-time after a quick fundraising round.

Can you provide insight into Ethos’s progress by sharing any metrics or milestones indicating its traction?

We're still in the early stages, but Ethos already shows promising signs of traction. We currently have over 10,000 unique wallets on our waitlist. While I suspect that a portion of these might be bots, it still indicates a significant level of interest in what we're building.

How does your company utilize Quicknode, and what benefits does it bring to your business operations?

Ethos' web app sits on top of the blockchain, observing interactions that happen on our smart contracts. We're using Quicknode to get API access to the blockchain without running our node.