Humanity Protocol, a digital identity company, has reached a $1.1 billion valuation following a $20 million funding round led by Pantera Capital and Jump Crypto. The company plans to use the funding to expand its operations and global reach.
Humanity Protocol is a blockchain technology platform that aims to create a decentralized network for the verification and validation of human identities. The goal is to provide a secure and transparent way to prove the existence and identity of individuals, allowing them to control their own data and digital identities.
Humanity Protocol is a rival to Worldcoin, another digital identity company that has faced recent troubles but remains a firm that I strongly believe in. Humanity Protocol uses a palm-scan-based identity verification technology that the company claims is less invasive than the iris data Worldcoin uses.
Here are some reasons why palm scanning can be considered less invasive:
Privacy: Palm scanning does not require the collection of sensitive biometric data such as facial or fingerprint images;
Security: The pattern of lines and marks on the palm is unique and difficult to replicate, making it more secure than other forms of biometric verification;
Comfort: Palm scanning is a more comfortable and less invasive experience than other forms of biometric verification;
Flexibility: Palm scanning can be used in different contexts such as authentication, identity verification, etc.
The company plans to launch its own crypto token, which will allow it to compete with Worldcoin’s WLD token. The WLD token recently surged after the announcement of a major investment in AI in the US, but its price has been volatile since then.
The Humanity Protocol is a project under development and is not yet available for public use. However, the platform has the potential to revolutionize the way human identities are verified and validated on the internet. #HumanityProtocol #Worldcoin $WLD
