Palm scanning “proof of humanity” project Humanity Protocol announced a successful funding round with investors including Polygon co-founder Sandeep Nailwal and Animoca Brands co-founder Yat Siu.
In total, more than 20 venture capital firms also invested in the strategic investment round, including Hashed, CMCC, Cypher Capital, Foresight Ventures, and Mechanism Capital.
Humanity Protocol founder Terence Kwok called the funding round “an important milestone in our journey” in a statement, adding that the funds raised will help improve the blockchain’s scalability, accessibility and development ahead of its testnet launch. Used to improve efficiency.
The Humanity Protocol aims to provide “an accessible and non-invasive way to establish proof of humanity” for Web3 applications using a combination of “state-of-the-art palm recognition technologies.” It claims to protect user privacy by using zero-knowledge proofs, a cryptographic technique used to prove that certain information is known without revealing the information itself.
Kwok added that the goal of Humanity Protocol’s “human-centric blockchain” is “to ensure privacy and empower individuals around the world with digital identities they control.”
Coming out of stealth last week, Humanity Protocol is a zkEVM layer 2 blockchain built using the Polygon Chain Development Kit (CDK). Yat Siu, co-founder of Animoca Brands, said his company’s digital identity solution is “truly decentralized and respects the principles of true digital ownership,” giving individuals “full ownership of their data and identities.” I insist.
This is not a project that aims to deliver evidence of humanity using biometrics. Worldcoin, a blockchain-based digital identification platform founded by OpenAI CEO Sam Altman, aims to build a “Global ID” network. We offer cryptocurrency rewards in WLD tokens to those who agree to have their iris scanned with an Orb device.
Worldcoin has proved controversial, with governments including Argentina, Kenya, France and Germany launching investigations into the project and raising concerns about data collection and storage. The company has suspended its Orb verification program in India, Brazil and France, and last month Hong Kong’s Personal Data Protection Commission (PCPD) became the latest regulator to investigate the company’s operations.
Edited by Stacey Elliott.
