Blockchain identity platform Humanity Protocol valued at $1.1B after fundraise
With the advent of Web3, decentralized identity solutions (DIDs) are considered key for securing users’ digital footprint.
Decentralized identity platform Humanity Protocol has secured $20 million in venture funding to compete with the likes of World Network in the push for onchain identity solutions.
Humanity’s funding round was backed by venture capital firms Pantera Capital and Jump Crypto at a fully diluted valuation of $1.1 billion. The funds will be used to further develop the so-called Proof of Humanity protocol, which links users’ palms to their digital identity across Web3 platforms.
The funds will also facilitate the protocol’s yet-to-be-announced mainnet launch.
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Author: Sam Bourgi
