Humanity Protocol announced a new $30 million funding round at a $1 billion valuation, led by Kingsway Capital and joined by Animoca Brands, Blockchain.com and Shima Capital. Founder Terence Kwok said the company has also raised about $1.50 million from influential crypto figures in "KOLs". Kwok said the startup plans to launch its beta network in the second quarter, and currently has a waiting list of about 500,000 people. When launching its technology, it plans to first release an app that uses a phone camera to scan people's palm prints to determine their identity.
It is reported that Humanity Protocol uses palmprint recognition technology and zero-knowledge proofs to ensure user privacy and security, and aims to provide an accessible and non-invasive way to build human proofs in Web3 applications.
Humanity Protocol completes $30 million funding round at $1 billion valuation
2024-05-15 12:14:50
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