Prenetics Partners with Humanity Protocol to Integrate DNA Testing in Web3
Prenetics Global Limited has partnered with Humanity Protocol, focusing on integrating its DNA testing product, CircleDNA, into the Web3 identity verification framework. This collaboration aims to enhance blockchain-based Proof of Personhood credentials and mitigate Sybil attacks by ensuring unique identities through DNA authentication.
Key Developments
- Humanity Protocol will utilize DNA testing for the first time in its identity verification processes.
- The company achieved a valuation of $1.1 billion after recent fundraising.
- Prenetics is establishing a Crypto Strategic Reserve, holding $1 million in $H tokens, $250,000 in Bitcoin, and $250,000 in Solana.
- The firm plans to reassess crypto allocations quarterly, exploring further investment opportunities.
- Prenetics' cash and short-term assets totaled $84.87 million as of December 2024.
- Through its subsidiary, Insighta, Prenetics is developing AI-driven early cancer detection using blockchain technology.
CEO Danny Yeung highlighted that this partnership will contribute to privacy-centric identity solutions across various sectors, including finance and healthcare.