{"id":30797,"date":"2024-05-16T07:36:59","date_gmt":"2024-05-16T07:36:59","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/humanity-protocol-secures-30m-valuation-at-1b-for-decentralized-id-revolution\/"},"modified":"2024-05-16T07:36:59","modified_gmt":"2024-05-16T07:36:59","slug":"humanity-protocol-secures-30m-valuation-at-1b-for-decentralized-id-revolution","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/humanity-protocol-secures-30m-valuation-at-1b-for-decentralized-id-revolution\/","title":{"rendered":"Humanity Protocol Secures $30M Valuation at $1B for Decentralized ID Revolution"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Humanity Protocol, an innovative project in decentralized identity, announced a significant milestone, securing a $1 billion valuation in a recent funding round led by Kingsway Capital.<\/p>\n

The funding round, totaling $30 million, marks a substantial investment surge following an initial $1.5 million infusion from angel investors and key opinion leaders earlier this year. Among the notable investors were Animoca Brands, Blockchain.com, and Hashed, as stated in a Medium post by the team.<\/p>\n

Redefining Decentralized Identity Verification<\/h2>\n

Humanity Protocol sets itself apart with its zero-knowledge approach, aiming to rival Worldcoin in the decentralized identity space. Utilizing palm scans and a consensus mechanism dubbed \u201cProof of Humanity<\/a>,\u201d the protocol ensures unique identity verification within a decentralized framework. This approach contrasts with Worldcoin\u2019s iris-scanning tool, raising privacy concerns among regulators in France, the U.K., and Kenya.<\/p>\n

Founder Terence Kwok highlighted the protocol\u2019s focus on user privacy and data ownership. He stated, \u201cWe\u2019re creating a decentralized identity protocol that solves verifiable uniqueness and humanity in a way that protects user privacy and self-ownership of data.\u201d<\/em><\/p>\n

With the substantial funding secured, Humanity Protocol intends to bolster its team and advance product development. A public testnet launch is on the horizon for the second half of the year, underscoring the project\u2019s commitment to revolutionizing decentralized identity verification.<\/p>\n

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(Originally posted on : Crypto News – iGaming.org ) Humanity Protocol, an innovative project in decentralized identity, announced a significant milestone, securing a $1 billion valuation in a recent funding round led by Kingsway Capital. The funding round, totaling $30 million, marks a substantial investment surge following an initial $1.5 million infusion from angel investors […]<\/p>\n","protected":false},"author":34,"featured_media":30798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/30797"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=30797"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/30797\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/30798"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=30797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=30797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=30797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}