Humanity Protocol Secures $20 Million Funding, Valuation Reaches $1.1 Billion
The decentralized identity project Humanity Protocol has secured $20 million in funding, increasing its valuation to $1.1 billion.
- Funding round co-led by Pantera Capital and Jump Crypto.
- Previously raised $30 million at a $1 billion valuation in May 2024.
- Funds will enhance development of the Proof of Humanity consensus mechanism.
- Integration planned with leading Web3 platforms.
- Protocol uses palm scans for identity verification, aiming to compete with Worldcoin's iris scanning technology.