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Market News

Polygon, Animoca Back Palm Scanning for Crypto Identity

Written By:
Gabriel Mael

Last updated: February 21, 2024 3:01 PM
Published 2024-02-21
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Polygon, Animoca Back Palm Scanning for Crypto Identity

Human Institute in collaboration with Polygon Labs and Animoca Brands is introducing an innovative “proof of humanity” protocol based on unique palm scanning technology. A new zero-knowledge- proof, Ethereum Virtual Machine (zKEVM) blockchain, is developed by making sure that the identity of users is verified without taking burdensome approaches like iris scans.

This new technology of human verification is similar to that of Sam Altman’s Worldcoin (WLD). The only difference is that for this is the human palm that is being scanned unlike worldcoin where it uses human iris for verification.

Yat Siu, co-founder of Animoca Brands, highlights the user-centric approach:  “Currently available identifiers for Proof-of-Personhood may infringe our privacy. Humanity Protocol seeks to construct a decentralized ecosystem dispatching power and enhancing equality and inclusion”.

The goal of this collaboration is to develop a suite of web3 solutions including on-chain gaming, dESO platforms, DeFi solutions, DAO, RWA and DePIN systems. The testnet release of the protocol will be in a short time.

Also Read: Hack VC Raises $150M Fund To Invest In Web3 Startups

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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By Gabriel Mael
Gabriel is a crypto journalist on a mission to decode the future of finance. He breaks down complex concepts, keeping you informed on the hottest trends and innovations in the ever-changing crypto world.

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