DREP MONTHLY REPORT 9.1–9.30 | DREP Announces $5M Investment to Accelerate Web 3.0 Growth | $DREP Won Top Awards on ETH and BNB Chain
September is an action-packed month for both DREP and the whole Web 3.0 industry. Amid the excitement brought by the ETH Merge and the official launch of BAB (Binance Account Bound) token, DREP is settled to ecosystem growing and product developing and improving, to keep the pace with the ever-prospering Web 3.0. Let’s dive into DREP’s major achievements in September.
Technology side, besides preparing for the launch of an NFT product, as BAB indicates the first trial of SBT (Soulbound Token), DREP DID system garners a new round of momentum to boost the significance of Web 3.0 identity to empower a wider range of on-chain DApps. With the release of Game SDK 2.0 around the corner, DREP is ready to better GameFi ecosystem with a new P2E model powered by a full set of toolkits.
Ecosystem side, DREP has officially announced $5M Funding to facilitate Web 3.0 ecosystem growth. Meanwhile, DREP has managed to enter a phase of organic growth, bringing along a series of top token awards and upward trend in global communities, especially in DREP Turkish community. Notably, DREP has marked a new milestone of Top 5 ETH Project on the arrival of ETH Merge!
Technology
DREP NFT-backed DID System to Enable Trustless Web 3.0 Activities
The wide support of BAB to be a KYC proof indicates that the Web 3.0 world is pursuing a more simplified while reliable method to minimize verification process and enable trust, which synchronizes with DREP’s proposal of the DID system. Backed by NFTs, DREP considers tokenized on-chain activities as a core part to enable not only KYC authentication, but other Web 3.0 interactions such as universal logins and quadratic voting in DAO governance.
GameFi SDK 2.0 to reframe the blueprint for next-gen P2E game
Dedicated in perfecting GameFi tools to fuel a new round of heat in crypto games, DREP is ready to launch GameFi toolkit 2.0 to refresh the Web 3.0 game ecosystem. In addition to multi-chain support and an embedded DID system, DREP GameFi 2.0 toolkits feature a more complete economic mechanism, while further unlocking the liquidity potential for NFTs, along with adding more SocialFi elements in Web 3.0.
Ecosystem
$5M Funding for DREP’s Long-Range Eco Expansion
On September 24th, DREP announced a $5M Ecosystem Funding led by major crypto institutions and early blockchain investors, as a significant move for strengthening the sustainability of DREP network and development plans. This has received crypto wide attention and sent the native token $DREP high on market, which indicate that DREP is all about shooting up in all aspects around Web 3.0 space.
The funding has been established for further upgrade to the whole DREP ecosystem. At a crucial stage of growing Web 3.0 adoption, DREP has put GameFi 2.0 and NFT-related product development at the top of our agenda, and will secondarily accelerate more projects, games or DApps in and out of the crypto space to be easily integrated Web 3.0 features with DREP innovative blockchain technology and developer toolkits. By the time, DREP will carry forward user base expansion to more EVM chains with strong community support as well as to onboard more global partners and local communities to DREP ecosystem.
Learn more: https://medium.com/@drep-foundation/drep-announces-5m-in-ecosystem-funding-dba4dbb3b412
$DREP Top awards in ETH and BNB network
As we’re drawing closer to the launch of 2.0 products, $DREP is seen strong market momentum with an increase in awards winning across ETH and BNB chain network. To be precise, $DREP has won 9 top token awards consecutively in the sole month of September. According to the metrics of Altrank and Galaxy score laid out by LunarCrush, DREP tops the rank of ETH projects with remarkable social and market performance along the arrival of ETH Merge, which indeed shows DREP’s competitiveness over other top projects within Ethereum ecosystem.
Strategic Partnership with Neblio
As a Web 3.0 leading provider of toolkits and infrastructure, DREP has onboarded Neblio and Bounce as a part of our upcoming Web 3.0 ecosystem at mid month. The ultimate mission under this collaboration is to empower Web 3.0 projects in a manifold of technical scopes, and further boost cross-chain compatibility in the Crypto space. Specifically, we’ll be jointly bringing together DeFi, NFTs, and gaming experiences to realize the vision of an interoperable Web 3.0.
DREP has been committed to building Web 3.0 tools and connectors featuring easy integration and wide applicability for worldwide DApp building, such as DREP game Game SDK, DREP DID, etc., while Neblio and Bounce offer decentralized API solutions, including a tokenization system, so that the parties could complement each other in forming a more scalable Web 3.0 infrastructure, enabling all users to benefit from the organic growth of DREP network.
This is the end of our monthly report and reflecting on September.
September is an amazingly fulfilling month for us! Even during this time amongst wider market, we’ll continue to build and issue our plans and updates. As what we keep throwing out to our community, DREP sees every bottleneck in the way of industry development as opportunities. Alongside the Ecosystem Funding and ETH 2.0 era, we’ll be heading towards an extensible ecosystem and empower Web 3.0 growth with stronger impetus and your love and support.
For more information,
DREP Official Website: https://www.drep.org/
DREP Twitter: https://twitter.com/DrepOfficial
DREP Telegram: https://t.me/drep_foundation
DREP Credit: https://credit.drep.org/
