Tokenized Reputation — Building a Web3 Economy with Custom On-Chain Models
Baptiste Castiglione
Co-founder of Reputable.Network | Customizable, On-Chain Reputation Models for Web3
In Web2, personalized algorithms drive every user interaction. Platforms like YouTube, TikTok, and Instagram create detailed user profiles based on behaviors and interactions, enabling them to deliver tailored content that maximizes engagement. These algorithms essentially act as “reputation models,” influencing recommendations, ads, and content visibility. However, the value of these reputation models is often siloed within platforms, where users have no control or ownership over their reputation profiles.
In Web3, while dApps are built on transparency and user control, personalization remains largely absent. Most Web3 protocols — whether in DeFi, DAOs, gaming, or social platforms — offer uniform interactions, missing the opportunity to adapt based on individual user histories or behaviors. This gap limits user engagement and trust, holding back Web3’s potential to deliver a truly personalized, user-first experience.
Reputable: Transforming Web3 with Customizable, On-Chain Reputation Models
Reputable is a decentralized, customizable reputation protocol enabling Web3 projects to create tailored on-chain reputation models based on both on-chain and off-chain data.
Reputable’s approach empowers protocols to design flexible, decentralized reputation models with advantages like:
Key Use Cases for Decentralized Reputation Models
DeFi Users Categorization
Enable DeFi platforms to reward high-reputation users with benefits such as better lending rates, reduced fees, or exclusive services, fostering loyalty and deeper engagement.
Grant Access and Funding Allocation
Screen grant applicants based on past contributions and involvement in the community, ensuring funds are allocated to developers with meaningful, impactful records.
DAO Governance
Assign voting power based on engagement and genuine contributions rather than simple token ownership, supporting a governance structure rooted in participation and merit.
GameFi
Reward fair play and social contributions, allowing high-reputation players to access rare assets or exclusive features, thus encouraging positive community interactions within gaming ecosystems.
Decentralized Advertising
Tailor ads to user interests and behaviours, offering high-reputation users relevant ads, improving both ad effectiveness and user experience.
Reputable’s Token Economy and Incentive Model
Reputable’s token economy aligns the interests of protocols, model creators, nodes, and users, creating a self-sustaining ecosystem for customizable on-chain reputation models.
1. Protocol Fees for Model Deployment
Protocols aiming to create a custom reputation model pay a deployment fee, covering the model setup and providing financial support for the protocol’s infrastructure.
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2. Model Labeling Fees for Verification
Protocols can implement a Model Labeling feature to verify and label users within the reputation model. This service, available for an additional fee, functions similarly to an audit, providing a “Verified Checkmark” for models that meet high standards of data quality and reliability.
3. Revenue Sharing for Model Usage
Every time a user generates a reputation score, a computation fee is triggered. This fee is distributed as revenue among:
4. Tradable ERC-721 Models: A Marketplace for Reputation
Each reputation model on Reputable is represented as an ERC-721 token (NFT), allowing models to become tradable assets on decentralized marketplaces. Protocols can sell, license, or rent their models to others, creating an open market for reputation models that fosters innovation.
5. Incentives for Users and Developers Who Generate Scores
Users and developers interacting with reputation models receive incentives:
Flywheel Effect: Scaling the Reputable Ecosystem
1. User Demand for Verified Reputation Scores
As protocols begin deploying initial reputation models, user demand for trusted and verifiable scores increases. This demand generates protocol fees, establishing early revenue streams that benefit model creators and motivate node operators to support and grow the ecosystem.
2. Revenue Growth and Ecosystem Expansion
With rising usage, revenue from model computations sustains essential infrastructure and draws in additional model creators and nodes. This continuous revenue growth fuels ecosystem expansion, reinforcing Reputable’s resilience and scalability.
3. Diverse Models Drive Broad Adoption
The availability of customizable models across DeFi, DAOs, gaming, and social applications unlocks new use cases. More protocols are attracted to Reputable’s models, boosting user adoption on Reputable Network.
Building Web3’s Reputation Economy
Reputable’s model brings a dynamic, adaptable reputation economy where scores can be owned, traded, and leveraged. This approach encourages active engagement, making Web3 more interactive, trust-driven, and personalized.
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Co-fondateur @BonjourCyber / Auteur “Un homme AZERTY en vaut deux” / Aspen Institut Young Leaders / Delegate FR @G20 YEA
4 个月This could redefine user engagement entirely
Reputation in DeFi is so crucial for growth
??Co-founder - CEO Rubichain ?? Web3 & IA??????| Conférencier??????| Vulgarisateur??????
4 个月Can’t wait to see these models in action
Empowering Environmental Transition with Sustainability Cloud Solution | Climate Tech ??| EcoDesign | Carbon Accounting | CSR | ESG | Digital Transformation Leader | Consulting & Advisory | ????????
4 个月I love how this approach focuses on trust