The Web3 credit risk assessment infrastructure Spectral released V0.3.0 public beta version, allowing users to obtain on-chain credit scores based on their on-chain interactions.
Spectral’s risk assessment tool, including the MACRO score, is a comprehensive DeFi dataset and continuously updated machine learning model created by a team of credit risk professionals and DeFi experts.
Additionally, the Spectral App currently allows users to mint Non-Fungible Credit (NFC) tokens on the Arbitrum testnet.
This week Spectral also announced a $23 million funding round led by General Catalyst and Social Capital, with participation from Samsung, Gradient Ventures, Section 32, Franklin Templeton, Circle Ventures and Jump Capital. This round of financing will be used to build and scale the credit scoring network.