AID:Tech, the reputation and reward platform on the Web3 chain, completed a new round of financing. The specific amount was not disclosed. EMURGO Ventures, the encryption investment arm of Cardano’s official entity EMURGO, led the investment, and Josue Estrada, chief operating officer of the Chan Zuckerberg Initiative, participated in the investment. The funds raised will be For the development of a Web3 "Volunteer-And-Earn" wallet and ecosystem to create a digital identity solution utilizing blockchain-based DIDs and NFTs to build on-chain reputation. Foresight News noted that AID:Tech was established in 2014 and is committed to using blockchain technology for digitization and delivery in areas such as aid, welfare, remittances, donations, and healthcare.