Humanity Protocol Secures Funding From Top Crypto VCs for Web3 ID Solution
Humanity Protocol Secures Funding From Top Crypto VCs for Web3 ID Answer
Polygon-backed Humanity Protocol has secured strategic investments from over 20 crypto enterprise capital corporations for its privacy-centric Web3 identity resolution. Hashed, CMCC, Cypher Capital, Foresight Ventures, and Mechanism Capital are among the many few crypto VCs that invested in Humanity Protocol, as per a press free up shared with CryptoNews.
The funding is supposed to pink meat up the development and deployment of Humanity Protocol’s technology, which targets to construct “Proof of Humanity” within Web3 purposes.
The firm failed to inform the total quantity raised in strategic funding from these crypto VCs.
Humanity Protocol to Scale ZKP-Powered Palm Recognition Tech
Humanity Protocol is constructing on utilizing palm recognition technology alongside zero-files proofs, aiming to provide an person-friendly and privacy-holding formulation to digital identity verification.
Humanity Protocol believes its privacy-centric digital ID solutions can dangle a large impact on how folks work alongside with digital services and products, specifically within the context of rising concerns spherical synthetic intelligence and files safety.
Terence Kwok, Founder of Humanity Protocol, said:
“Our core perception is that technology can dangle to empower humans, now not restrict them. With the pink meat up of these main traders, we are now not simply constructing an ecosystem; we are fostering a circulate in direction of a staunch and inclusive digital future for each person. This funding marks a critical step in our hurry to lift our human-centric blockchain to the field, offering folks alter over their digital identity and prioritizing privacy.”
The secured funds shall be feeble to elope the development and adoption of Humanity Protocol, focusing on scalability, efficiency, and particular person accessibility. This involves preparing for the initiating of their testnet, allowing users worldwide to ride the technology firsthand.
Notably, the fundraise also seen participation from crypto veterans, collectively with Yat Siu and Sandeep Nailwal.
Source : cryptonews.com
