Humanity Protocol completes new round of financing of US30 million at US1 billion valuation
Humanity Protocol announced the completion of a new round of financing of US$30 million at a valuation of US$1 billion, led by Kingsway Capital, with participation from Animoca Brands, Blockchain.com and Shima Capital. Founder Terence Kwok said the company has also raised about $1.5 million from influential crypto figures among “KOLs.” Kwok said the startup plans to launch its test network in the second quarter, with a current waiting list of around 500,000 people. As it rolls out its technology, the plan is to first release an app that can use a phone's camera to scan people's palm prints to determine their identity. It is reported that Humanity Protocol utilizes palmprint recognition technology and zero-knowledge proofs to ensure user privacy and security, aiming to provide an accessible and non-intrusive method for establishing human proofs in Web3 applications.
Release time
2024-05-15 10:27:59