Humanity Protocol Secures Major Funding for Innovative Palm-Scanning Proof of Humanity Project
Humanity Protocol, the palm-scanning “proof of humanity” project, has successfully concluded a fundraising round, securing investments from notable backers such as Polygon co-founder Sandeep Nailwal and Animoca Brands co-founder Yat Siu.
Over 20 venture capital firms, including Hashed, CMCC, Cypher Capital, Foresight Ventures, and Mechanism Capital, also participated in the strategic investment round. Terence Kwok, the founder of Humanity Protocol, hailed the funding as a “significant milestone,” with the raised funds earmarked for enhancing the blockchain’s scalability, accessibility, and efficiency before its testnet launch.
The project aims to establish a “human-centric blockchain” by utilizing cutting-edge palm recognition technology and zero-knowledge proofs, ensuring a non-invasive method for establishing Proof of Humanity while preserving user privacy. Developed as a zkEVM layer 2 blockchain using the Polygon Chain Development Kit, Humanity Protocol empowers individuals globally with a digital identity they control, emphasizing privacy. The project’s focus aligns with a growing trend in digital identification, with others like Worldcoin exploring similar biometric proof of humanity concepts, although facing scrutiny from regulators over data privacy concerns.
Clever Robot News Desk 29th February 2024
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