Vetting is the process used to formally and thoroughly investigate an individual, company, or other entity. This is done before making a decision to go forward with a project or classifying it as safe based on findings.
A background review is an example of a vetting process for a potential employee.
An employment history review is an example of a vetting process for a potential employee.
Owing to the huge number of NFT scams, certain platforms are offering audit and vetting services, by checking and holding personal information about the Owners/Founders of a Project, to provide more peace of mind to potential Holders.
We believe this is the correct and only way forward.
Having anonymous founders is not a big issue if the project was vetted as we all want to protect our identity and safety as there have been plenty of stories of project owners been threatened in there personal lives, which is equally ridiculous.
By having access to a third party having personal/financial details if a project goes wrong or is a scam or rug pull would bring this % dramatically down,
Doing a project/business doesn't mean at all that it will succeed 100% but most important are the initial efforts and intentions of the project/business owners to try and work towards the end goal.
Copyright © 2022 AncientXSociety - All Rights Reserved.
Powered by GoDaddy