On-chain reputation platform Talent Protocol said it has been acquired by Interplanetary Talent Services, or IPTS, in a deal backed by Protocol Labs, though no purchase price was disclosed. The company said it will wind down its commercial operations after the transaction, with its API, Talent+ product and social media channels set to shut by the end of August. Talent Protocol also said its team members will not join IPTS or Protocol Labs, and that the TALENT token is not part of the acquisition. IPTS will receive a portion of Talent Protocol’s reputation data to help match developers with roles in artificial intelligence, crypto, hardware and life sciences. At the same time, Builder Score will be turned into a public good that runs locally in a browser, is calculated from public data on GitHub and four blockchains, and produces verifiable results that developers can publish on Base as proof.
Talent Protocol, an on-chain reputation system, said it has been acquired by Interplanetary Talent Services (IPTS). The company did not disclose the deal value. It said the transaction was supported by Protocol Labs.
Following the acquisition, Talent Protocol will shut down its commercial operations. Its API, Talent+ product and social media channels are scheduled to close by the end of August. The company also said its team members will not join IPTS or Protocol Labs, and that the TALENT token is not included in the transaction.
IPTS to use part of Talent Protocol’s reputation data
IPTS will obtain part of Talent Protocol’s reputation data and use it to match developers with jobs in frontier technology fields including artificial intelligence, cryptocurrency, hardware and life sciences.
Builder Score to become a public good
Talent Protocol said its Builder Score will be converted into a public good. It will run locally in a browser and be calculated using public data from GitHub and four blockchains. The company said all calculation results will be verifiable, and developers will be able to publish the score on Base as proof.
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