According to BlockBeats, on July 9, Web3 identity layer idOS completed a $4.5 million financing, led by Fabric Ventures. idOS has formed an alliance with Arbitrum, Circle Ventures, RippleX, GnosisDAO, NEAR Protocol, etc., aiming to develop the 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 provides an identity layer for dApps, solving compliant user onboarding issues and significantly reducing friction. For users, idOS provides control over their data and the ability to decide with whom to share it.