2022 The Full Spectrum: A Year of Great Expectations
It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness...it was crypto in 2022!
Twenty-twenty-two was certainly not the year we were expecting: a land war in Europe, soaring inflation, Ethereum fluctuating between $3,700 and $885, the fall of Luna, 3AC and FTX despite the Merge, which finally did happen (!) and was apparently already priced in.
Amid the mad churn of all things DeFi we like to think Spectral offered a little perspective. Here’s our wrap-up of the year that was and a forecast for the future.
A New Way For DeFi Tools
The MACRO Score was introduced on August 31st in Open Beta. Connecting a wallet (or multiple wallets) to the Spectral App generates an on-chain creditworthiness assessment score in the form of a non-fungible credit token (the NFC). More than 41,000 users have connected their wallets to Spectral’s app.
The data science and contract teams are constantly tweaking and upgrading the model, but don’t take our word for it, sign up for our Beta API access and see for yourself.
Series B Round Announcement
In May we closed our Series B round, raising an additional $23mm from our investors. The funds allow Spectral to continue building its Scoracle network, refining our models, and hiring marketing, design, operations, product management, and engineering expertise.
Spectral Community Growth
Our Discord seems crowded all of a sudden! Under the watchful, merciful eyes of “Kato | Spectral” aka Karl, our community has grown from a few creditworthiness-assessment-obsessed individuals to the size of a small metropolis.
As our numbers continue to grow, we’re recruiting active community members for special assignments like moderation, community building, and onboarding. Interested? Ping Kato#3113 in our Discord server.
Make sure you’re subscribed to our Youtube Channel for the last Community Event this year on Dec 30
Ultimate Guide To The History of Credit
A project as ambitious as ours requires an understanding of what’s at stake. We took a deep dive into the history of credit, credit intelligence, and credit scoring as well as the potential impact of creditworthiness assessment on financial inclusion. In the three-part series, we dove deep into goals, motives and inspiration of credit pioneers.
The History of Credit, Credit Intelligence, and Credit Scoring
2023: The Year of The Spectral API
We are incredibly grateful to our community and investors for their support in 2022 and can’t wait to share some of the exciting partnerships and new products and features we’re cooking up.
Want a sneak peek? Lending pools might be interested in tapping into our API to create MACRO Score-powered lending tranches for different risk profiles. We’re also expanding what the Scoracle network is capable of. Data science is our forte and we’ve created a powerful tool for mining on-chain data.
Need on-chain insights? Running a financial DAO? Thinking about creating new asset class? Wading into the world of NFT-based reputation systems? We’re always looking for strategic partners.
On that note, here’s to 2023…may it be a year filled with building, collaborating, and web3 mass adoption.
Onwards and upwards AND Happy New Year!
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