Humanity Protocol Secures Strategic Investments

Funds will speed up Humanity Protocol’s development, focusing on scalability, efficiency, and user accessibility.

Over twenty crypto venture capital firms have provided strategic investments to Humanity Protocol, a Web3 identity solution that prioritizes privacy and is sponsored by Polygon.

A press release lists Hashed, CMCC, Cypher Capital, Foresight Ventures, and Mechanism Capital as some of the select crypto venture capital firms that have invested in Humanity Protocol.

The allocated funds are intended to facilitate the growth and implementation of Humanity Protocol’s technology, which seeks to instill a sense of “humanity proof” in Web3 applications.

The company failed to reveal the aggregate strategic funding of these cryptocurrency venture capitalists.

Humanity Protocol to Scale Palm Recognition Technology Powered by ZKP

Humanity Protocol is advancing palm recognition technology in conjunction with zero-knowledge proofs to provide a method of digital identity verification that is both user-friendly and secure.

The Protocol is confident that its digital ID solutions, which prioritize privacy, will profoundly influence how users engage with digital services. This is especially true in light of the increasing apprehensions surrounding security and artificial intelligence.

The founder of Humanity Protocol, Terence Kwok, declared:

“Our core belief is that technology should empower humans, not restrict them. With the support of these leading investors, we are not just building an ecosystem; we are fostering a movement towards a secure and inclusive digital future for everyone. This funding marks a critical step in our journey to bring our human-centric blockchain to the world, offering individuals control over their digital identity and prioritizing privacy.”

To expedite the development and adoption of the Humanity Protocol, with an emphasis on scalability, efficiency, and user accessibility, the secured funds will be utilized.

This entails making the necessary preparations for the commencement of their testnet, which will enable users across the globe to gain direct exposure to the technology.

Significantly, anthology crypto veterans Yat Siu and Sandeep Nailwal also contributed to the fundraising effort.