Empowering Web3: Humanity Protocol’s Palm-Scanning Project Gains Traction with Backing from Polygon and Animoca
In a groundbreaking development for the blockchain landscape, Humanity Protocol, the palm-scanning “proof of humanity” project, has successfully raised funds in a strategic investment round. The notable investors include Polygon co-founder Sandeep Nailwal and Animoca Brands co-founder Yat Siu, along with support from over 20 venture capital firms like Hashed, CMCC, Cypher Capital, Foresight Ventures, and Mechanism Capital.
Empowering Web3 with Palm-Scanning Technology
Founder Terence Kwok expressed enthusiasm, labeling the funding round as a “significant milestone” in Humanity Protocol’s journey. The raised funds are earmarked for improving the blockchain’s scalability, accessibility, and efficiency in preparation for its upcoming testnet launch.
Humanity Protocol introduces a unique approach to establishing “Proof of Humanity” for Web3 applications, utilizing cutting-edge palm recognition technology. This method, coupled with zero-knowledge proofs, ensures user privacy by validating information without disclosing the information itself.
Building a Human-Centric Blockchain
Kwok emphasizes the project’s commitment to creating a “human-centric blockchain” aimed at guaranteeing privacy and empowering individuals globally with digital identities under their control. Humanity Protocol operates as a zkEVM layer 2 blockchain developed using Polygon’s Chain Development Kit (CDK), promising users complete ownership over their data and identity.
Co-founder Yat Siu from Animoca Brands applauds Humanity Protocol, stating that its digital identity solution aligns with the principles of true digital ownership, embodying a truly decentralized approach.
Contrasting Approaches: Humanity Protocol vs. Worldcoin
Interestingly, Humanity Protocol’s palm-scanning initiative stands in contrast to Worldcoin’s “Global ID” network, founded by OpenAI CEO Sam Altman. While both projects aim for proof of humanity through biometrics, Worldcoin has faced regulatory scrutiny in countries like Argentina, Kenya, France, Germany, and most recently, Hong Kong.
Looking Forward: A New Era in Blockchain
As Humanity Protocol emerges from stealth mode and gains traction with influential backers, the blockchain community anticipates a new era in Web3 applications. The strategic funding not only validates the project’s vision but also underscores the industry’s increasing interest in innovative solutions that prioritize user privacy and digital ownership. Stay tuned for updates on Humanity Protocol’s testnet launch and its continued impact on the evolving blockchain landscape.
In a groundbreaking development for the blockchain landscape, Humanity Protocol, the palm-scanning “proof of humanity” project, has successfully raised funds in a strategic investment round. The notable investors include Polygon co-founder Sandeep Nailwal and Animoca Brands co-founder Yat Siu, along with support from over 20 venture capital firms like Hashed, CMCC, Cypher Capital, Foresight Ventures,…