Humanity Protocol Raises $20 Million, Achieves $1.1 Billion Valuation
Humanity Protocol Funding Round
- Raised $20 million, total valuation now $1.1 billion.
- Previous valuation was $1 billion after a $30 million raise in May 2024.
- Investment co-led by Pantera Capital and Jump Crypto.
Investment Details
- Pantera Capital has funded projects like Radius ($7 million) and Braavos ($10 million).
- Jump Crypto led a $7.5 million round for Raiinmaker.
Funding Impact
- Accelerates development of Proof of Humanity and Human ID systems.
- Aims to compete with Worldcoin using palm scanning technology instead of iris scanning.
- Focus on privacy while preventing bots and online fraud.
- Funding will also support developer grants and community-building before mainnet launch.
Humanity Foundation Launch
- Humanity Protocol established the Humanity Foundation to invest in blockchain projects incorporating its technology.
- Foundation aims to promote decentralized identity verification through research and innovation.