DREP Bi-Monthly Report | NFT Product Advancement & Token Utility Upgrade Furthers its Web3 Initiative

DREP Foundation
3 min readMay 12, 2023

Dear Drepers,

The last two months highlights the remarkable changes and improvements made by DREP from the perspective of technological improvement. We would love to provide an overview of the key initiatives undertaken by DREP team and the latest updates of DREP’s DeFi+NFT Aggregator, LookFor.

Technology side, DREP remained committed to its Web3 vision, with a continued emphasis on product development. DREP Credit System 2.0 has made another advance towards a creditworthy Web3, and the DID infrastructure will bring more benefits to the crypto world.

Ecosystem side, recognized as a fundamental project in the zone, DREP has built a strong and sustainable ecosystem alongside top coin awards. We remain committed to delivering cutting-edge solutions that meet the evolving needs of our users, and successively bolster our role to benefit more parts of the industry.

Technology

In March and April, DREP has been concentrating on enhancing NFT product’s performance and functionality, to make sure it stands at an competitive edge in the market and is able to benefit a wider spectrum of digital arts and financial markets. NFT product remodeling is a milestone for DREP’s product development. This will enable DREP to offer innovative solutions that can help drive the adoption and utility for Web3 technology.

Other than the major effort on NFT product, DREP is also focusing on the renovation of its Credit System. The platform is looking to integrate multiple credit-related factors, along with enabling credit scores for DeFi users, to enforce a more mature credit model. The goal is to provide a more accurate assessment of a user’s creditworthiness and to improve the overall security of the DREP ecosystem.

Learn more: https://twitter.com/DrepOfficial/status/1632742601781805058

The credit system remodeling is a significant development for DREP, as it can help to facilitate increased access to financial services and products for users. By providing a more reliable and trustworthy credit system, DREP can enable Web3 participants to interact more seamlessly with the whole ecosystem.

Ecosystem

In addition to revamping the product development and upgrading its 2.0 System, DREP has also been working progressively to enhance its ecosystem through strategic planning and consulting with industry opinion leaders, which help to validate the idea of increasing the reach of DREP’s core technology and the overall composability.

While processing our development plan with previous partners in a stealth mode, we’ve never stopped to identify leading institutions for expanding the scope of our businesses and enhancing our community-building efforts during the months.

From a macro point of view, DREP has well-positioned as a top player in the blockchain-based credit assessment and management space, and it has achieved a prominent position in the top coin leaderboard. With the launch of NFT product in the 3rd quarter of 2023, DREP is poised to make a significant breakthrough.

DREP aims to build a strong community around its project and foster collaboration and innovation, so we look forward to continuing to work closely with our community to achieve this goal.

DREP is committed towards building Web 3.0 connectors and toolkits based on blockchain technology, providing solutions that combine ease of use, flexibility and frictionless integration.

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DREP Foundation

DREP 2.0 is the decentralized credit-data middleware based on layer-2 facilities, to be the backbone of DeFi Credit Era.