Web3 Projects Urged to Enhance Transparency Amid Concerns

Web3 asset data platform RootData has issued a transparency alert on Twitter, highlighting concerns over the funding information of projects such as ByteNova, Endless, Tune.FM, Ark of Panda, and Chainge. According to ChainCatcher, RootData is urging these projects to submit or update their information on its platform to improve their transparency scores. RootData has committed to ongoing monitoring and exposure of projects lacking essential information. RootData's transparency score is designed to assess the completeness and timeliness of a project's information disclosure. The score ranges from A to F, with lower scores indicating less comprehensive information disclosure and higher risk of misconduct. Investors are advised to exercise caution with projects that have lower transparency scores.