Humanity Protocol, supported by major crypto entities such as Animoca Brands and Polygon, disclosed the successful closure of an investment round, securing funding from various venture capital firms in the cryptocurrency sector.
Notably, on February 28, the protocol revealed strategic investments from Hashed, CMCC, Cypher Capital, Foresight Ventures, and Mechanism Capital, among others.
Although over 20 crypto-focused venture capital funds contributed significantly, the specific investors and the total amount raised were not disclosed by the protocol.
While not providing specifics, the venture revealed its collaboration with Animoca Brands and Polygon Labs. Notably, Animoca Brands’ executive chairman, Yat Siu, and Polygon co-founder, Sandeep Narwal, personally participated in its funding round.
The project centers on Web3 digital identity, merging palm-recognition tech with Polygon’s ZK-proofs, aiming to offer a less intrusive alternative to iris scans, indirectly contrasting with Worldcoin’s approach.
Terence Kwok, founder of Humanity Protocol, stressed their belief in technology enhancing human potential rather than compromising it. Their goal is to introduce a human-centric blockchain solution globally.
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