Gregory Pudovsky
Revealed: June 04, 2025 at 6:00 am Up to date: June 03, 2025 at 10:28 am
In Transient
Shards Protocol is a decentralized repute platform that rewards customers for on-chain exercise by its flagship product Aura, and has raised $2M from main Web3 traders to develop its ecosystem.
Shards Protocol, a repute protocol that rewards customers for his or her on-chain milestones and has introduced its increase of $2M throughout a number of funding rounds.
Taking part within the spherical had been Animoca Manufacturers, Kyber Ventures, and extra. Earlier this 12 months, the corporate introduced its enlargement from Shards.Tech to Shards Protocol, taking person acquisition and rewards to the following stage. Well-known Web3 gaming guilds equivalent to Yield Guild Video games additionally made a strategic funding into Shards Protocol.
Shards initially began as an SDK layer that allowed recreation studios to spice up their retention charges and common in-game spends by greater than 100%, permitting anybody (gamers, non-players, speculators or simply group members) to purchase a fraction of that staff, which they will purchase and promote freely on {the marketplace}.
A number of video games built-in Shards.Tech into their product choices and recreation campaigns seeing a rise in retention price by over 200% in 2024, producing over $400,000 in buying and selling quantity utilizing its personal alpha.
“The corporate onboarded over 1 million customers throughout all merchandise and generated $1M + buying and selling quantity, however we shortly realised that Web3 wanted extra,” stated Stefano D’Silva, CEO and co-founder of Shards. “That’s the reason we launched flagship product Aura, a recognition layer that transforms your on-chain contributions into repute and rewards.”
A lot of the new capital might be used to boost Aura and its integration throughout the Web3 ecosystem because the venture gears up for a token launch, with additional enlargement of the product all year long.
Yat Siu, the co-founder and government chairman of Animoca Manufacturers, commented, “We’re glad to help Shards Protocol; it’s revolutionizing Web3 person acquisition by seamlessly integrating quest-based engagement and campaigns.”
Dr. Loi Luu, Founding father of Kyber Ventures and Caliber, commented on the funding; “Shards Protocol’s Aura represents a robust step towards on-chain identification that’s earned, not given. Aura’s strategy to repute aligns with our imaginative and prescient of user-centric Web3 infrastructure, one which rewards significant participation and promotes verifiable belief.”
Shards Protocol’s distinctive worth proposition lies in an ecosystem of initiatives spearheaded by its repute protocol Aura, which rewards customers for its on-chain milestones.
Stefano additionally shared his delight on the strategic investments, stating; “With Aura, we’re setting a brand new normal for credibility within the house by empowering the silent contributors who’ve been staking, constructing, and supporting tasks with out recognition. By remodeling on-chain exercise into repute and rewards, Aura brings a layer of transparency and meritocracy that Web3 has been lacking till now.”
Customers can show their repute scores throughout their journey in Web3, accumulate badges and extra straight on their X (previously Twitter) profiles. The corporate states that the extra badges customers mint, the extra they construct their repute, enabling them to entry extra rewards.
Gabby Dizon, co-founder of Yield Guild Video games (YGG), additionally stated in a press release, “Aura by Shards is exploring methods to acknowledge what individuals are doing on-chain and join them with alternatives. It’s all the time good to see extra tasks constructing towards higher methods for web3 communities to develop and arrange.”
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About Shards Protocol
Shards Protocol is a decentralized repute layer that turns on-chain exercise into rewards. Its flagship product, Aura, helps customers construct and showcase verifiable Web3 identities by badges and repute scores straight seen on platforms like X. Backed by Animoca Manufacturers, Kyber Ventures, and Yield Guild Video games, Shards Protocol attracted over 1M customers. Evolving from Shards.Tech, it now powers exact person acquisition and engagement throughout the Web3 ecosystem.
Study extra at https://www.shards.tech/
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About The Creator
Gregory, a digital nomad hailing from Poland, shouldn’t be solely a monetary analyst but additionally a helpful contributor to varied on-line magazines. With a wealth of expertise within the monetary trade, his insights and experience have earned him recognition in quite a few publications. Utilising his spare time successfully, Gregory is presently devoted to writing a ebook about cryptocurrency and blockchain.
Extra articles
Gregory, a digital nomad hailing from Poland, shouldn’t be solely a monetary analyst but additionally a helpful contributor to varied on-line magazines. With a wealth of expertise within the monetary trade, his insights and experience have earned him recognition in quite a few publications. Utilising his spare time successfully, Gregory is presently devoted to writing a ebook about cryptocurrency and blockchain.
