Web3 identity layer idOS has completed a $4.5 million financing, led by Fabric Ventures

News on July 9, Web3 identity layer idOS has completed a $4.5 million financing round led by Fabric Ventures. idOS has now formed an alliance with Arbitrum, Circle Ventures, RippleX, GnosisDAO, NEAR Protocol and others. The alliance aims to develop the Web3 identity layer and promote the adoption of decentralized identities throughout the Web3 space. As introduced, idOS is a decentralized data storage and access management protocol that enables ecosystems to provide an identity layer for dApps to address compliance onboarding issues and significantly reduce friction.