Humanity Protocol Launches Mainnet Valued at $1.1 Billion for Web3 Identity
Humanity Protocol has launched its mainnet, introducing a blockchain identity network that links Web2 credentials to Web3 services through zero-knowledge transport layer security (zkTLS). Key details include:
- The startup raised $20 million, leading to a valuation of $1.1 billion.
- zkTLS enables users to verify information without exposing the original documents, addressing privacy concerns associated with biometric methods like Worldcoin’s.
- Travelers can connect loyalty accounts to their “Human ID,” creating a portable reputation usable in both Web2 and Web3.
- The platform supports various credentials and plans to expand into on-chain ticketing and decentralized governance.
- Developers can create Sybil-resistant platforms without retaining sensitive data.
Founder and CEO Terence Kwok stated that the release converts decentralized identity into practical infrastructure, allowing user verification while maintaining privacy.