Humanity Protocol Secures Funding for Web3 ID Solution

Polygon-supported Humanity Protocol has garnered strategic investments from over 20 leading crypto venture capital firms to advance its privacy-centric Web3 identity solution. Notable investors include Hashed, CMCC, Cypher Capital, Foresight Ventures, and Mechanism Capital. The exact funding amount remains undisclosed.

The investment is intended for the development of "Proof of Humanity" technology within Web3

The investment is directed towards enhancing the development and implementation of Humanity Protocol’s technology, with a core objective of establishing "Proof of Humanity" within Web3 applications. This strategic funding will not only facilitate the advancement of the protocol's capabilities but also foster its integration and widespread adoption across various digital platforms, ensuring a more secure and inclusive digital ecosystem.

Integrating palm recognition with zero-knowledge proof technology enhances identity verification

Humanity Protocol is advancing its capabilities by seamlessly integrating palm recognition technology with zero-knowledge proofs. This innovative combination not only ensures robust security measures but also provides a seamless, user-friendly experience for digital identity verification. By prioritizing privacy preservation, Humanity Protocol is pioneering a new standard in identity verification, empowering individuals to control and protect their digital identities with confidence and ease. This groundbreaking approach not only enhances security but also fosters trust and confidence in digital interactions, paving the way for a more secure and user-centric digital landscape.

Privacy-centric digital ID solutions reshape digital services

The company anticipates that its privacy-centric digital ID solutions will not only reshape but revolutionize how individuals interact with digital services. In an era marked by escalating concerns surrounding artificial intelligence and data security, Humanity Protocol's innovative approach stands as a beacon of trust and security. By placing privacy at the forefront, the protocol empowers users to reclaim control over their personal data, mitigating the risks associated with data breaches and unauthorized access. As a result, individuals can engage with digital services with newfound confidence, knowing that their privacy is safeguarded and their identities are protected. This shift towards privacy-centricity represents a fundamental transformation in the digital landscape, ushering in an era where users' rights and security are paramount.

The founder's vision and aspirations

Terence Kwok, the Founder of Humanity Protocol, emphasizes the mission of empowering individuals through technology, prioritizing control over digital identity, and safeguarding privacy. He envisions a movement towards a secure and inclusive digital future for all.

Accelerate the development and adoption of Humanity Protocol

The secured funds will expedite the development and adoption of Humanity Protocol, focusing on scalability, efficiency, and user accessibility. Plans include launching a testnet to provide users worldwide with a firsthand experience of the technology.