Quadrata, a passport network bringing identity, reputation and compliance to blockchain applications, has announced a $7.5 million seed funding round, led by blockchain-focused venture capital firm, Dragonfly Capital.
The raise also saw participation from institutional investors such as Franklin Templeton, Abra, GSR Ventures, Orange DAO, Fellows Fund, GreatPoint Ventures and August Capital. Prominent Angel investors include Balaji Srinivasan (FRM Coinbase), Ryan Selkis (Messari), Mathieu Nouzareth (The Sandbox), Zeneca (ZenAcademy) and Wilson Lee (The Littles).
The funds will allow Quadrata to grow its ecosystem with the goal of integrating hundreds of dApps and offering the Quadrata Passport to millions of blockchain users. The funding should allow Quadrata to become a global ID solution across multiple blockchains. In addition, Quadrata has partnered with TransUnion to create a native on-chain reputation score that will reward users for good behaviour.
