Decentralized identity platform Humanity Protocol has raised $20 million in funding, achieving a valuation of $1.1 billion. The investment, led by Pantera Capital and Jump Crypto, will support the development of its Proof of Humanity protocol, which utilizes palm scans for digital identity verification, positioning it against competitors like World Network. The platform plans a token airdrop in collaboration with OKX Wallet and aims to launch its mainnet soon.
about Humanity Protocol Raises 20 Million Dollars for Biometric Identity SolutionsTerence Kwok
0 posts last weekHumanity Protocol Launches Foundation to Advance Decentralized Identity Solutions
Humanity Protocol has launched the Humanity Foundation, moving closer to its token generation event. Focused on decentralized identity and zero-knowledge proofs, it utilizes palm recognition technology for secure identity verification, contrasting with competitor World’s iris scans. This approach enhances privacy and user familiarity, allowing individuals to maintain control over their biometric data without centralized storage.
about Humanity Protocol Launches Foundation to Advance Decentralized Identity Solutions