FairScale

A day late but, here we go: This week was intense at @fairscalexyz. We’ve finally made a decision on where / how we will be raising capital, and it turned out it was my #1 option. What that does mean though is this is going to be a hell of a month that I’m prepping for. Similarly, we’ve finally agreed to acquire a company that fits our thesis and direction to the tee. Both things happen simultaneously, so as you can imagine, things at FairScale HQ are all guns blazing right now. Getting sick for half the week didn’t help, but I’m back in business. Last week, priority was our raise materials, and anyone that’s done 600 versions of a pitch deck will know the pain. Will be worth it! I think I’ve cracked a bit of a strategy, so if anyone would want to see it, I’ll share some of how I managed to perfect my pitch deck after literally hundreds of tries. We listed some big businesses last week, including @projectsolo, @sns and @magicblock - we still need to drive reviews, and we’re about to revive the points system. Hopefully to @0xNairolf’s pride, as I’ve been reading a lot of his materials on points recently. In writing our deck, it really allowed me to step back and think about what FairScale means, and my now big scary goal is to replace TradFi credit scoring, and provide people with the infrastructure to do the same. Excitingly, work started on our composable scoring marketplace, allowing anyone to use our infrastructure, to create their own scoring models, and monetise them via APIs. It’s been 2 years in the making, but finally going out to launch, raise capital, and fund the future of FairScale (again, for those that know my backstory). I’ll be at Breakpoint also, and excited to meet a lot of those I’ve been speaking to this year, in person!

Going to start posting some weekly updates about @fairscalexyz from a founder pov: Last week, we had 14 new businesses in total apply for verification on FairScale for business, which doesn’t seem much, but they were some of my favourites in the space: @loyal_hq, @factmachine, @kurate_finance - which really goes to show that people do care about their own credibility, and a way to showcase trust. What I am working through though, is a way to incentivise users and the wider public, to actually write reviews, without it being gamed. I have a few ideas, and given the whole mechanic around FairScale is that it’s about the credibility network, not just one static point in time, the opportunity is there. Ive been spending a lot of time thinking about how agent credibility ties back to the human that deploys it, as well as how we think similarly to two of my other favourite projects right now, both with the same names! In @motionmkts and @motiongame_ from a human / trader / social point of view. I’ve actually begun to realise, trust is pretty simple. It’s similar to a market, it’s about what people think about you, and who those people are. Same thesis as, something is only worth what someone is willing to pay for it. There’s an idea there. I’ve been able to make our social model at least, significantly more efficient, with a hell of a lot more efficacy just by thinking this way. Finally, we got a sponsored account from @triton_one thanks to @SuperteamUK and the legend in @SteveCleanBrook. Expect to see our models get smarter, faster. I’ve already mapped out streaming, and taken history for our onchain reputation models, significantly further. Meaning what you do, becomes who you are. Without a name.

Had a lot of fun building what I’d like to call the TrustPilot of @solana, but with the credibility of the writer of reviews in mind. A simple world in which a credible person’s word, counts. Any business will soon be able to get one of these widgets, as a signal of trust, written onchain.