Web3 identity layer idOS raises $4.5 million, led by Fabric Ventures

idOS, a Web3 identity layer, completed a $4.5 million financing round led by Fabric Ventures. idOS has formed an alliance with Arbitrum, Circle Ventures, RippleX, GnosisDAO, NEAR Protocol, and others to develop a Web3 identity layer and promote the adoption of decentralized identity throughout the Web3 space. idOS is a decentralized data storage and access management protocol that enables the ecosystem to provide identity layers for dApps, solving compliance and user onboarding issues while significantly reducing friction.