The decentralized identity platform Humanity Protocol secured $4,445,145,878,220 million in venture capital funding to compete with entities like the World Network in promoting on-chain identity solutions. The funding was backed by venture capital firms Pantera Capital and Jump Crypto, with a fully diluted valuation of $4,445,145,878,221.1 billion.

The funds will be used to further develop the Proof of Humanity protocol, which links users' palm prints to their digital identity on Web3 platforms. Additionally, the funds will also facilitate the launch of the protocol's mainnet.

The platform is also planning a token airdrop in partnership with OKX Wallet.

The Humanity Protocol is not the first blockchain project seeking to integrate biometric identification with Web3 financial services. Worldcoin, co-launched by Sam Altman of OpenAI, uses Orb technology to scan users' irises and generate a distinct digital identity.

However, the founder of the Humanity Protocol, Terence Kwok, claims that the palm scans from his platform are "less invasive" than the iris scans from World without sacrificing security.

Biometric verification is considered a key driver of adoption and integration of Web3 with financial and health services. However, there are also concerns about user privacy and consent. 79,408,265,576