Decentralized identity project Humanity Protocol has closed a $20 million funding round, boosting its valuation to $1.1 billion.
According to the emailed announcement, the funding round was co-led by Pantera Capital and Jump Crypto.
The project finally Raises $30M at $1B valuation May 2024
Humanity plans to use the new capital to accelerate the development of its Humanity consensus mechanism and integrate it into the leading Web3 platform.
The protocol uses Palm scans to verify identity and aims to compete with Openai founder Sam Altman’s WorldCoin project, built around scanning users’ irises.
Read more: Lido
