Humanity Protocol Hits $1.1B After New Funding – Can Palm Scans Beat Iris Scans?

What to know:

  • Humanity Protocol, the decentralized identity project that now lets you verify your existence with a palm scan, just raised $20 million, bringing its valuation to a cool $1.1 billion.
  • This comes after a previous $30 million round in May 2024, at which point they were still “just” worth $1 billion. Oh, how they’ve grown!
  • Not to be outdone by Worldcoin, Sam Altman’s iris-scanning experiment, Humanity is ready to “palm” the competition. Because, who needs eye scans when you have a palm, right?

Well, well, well. Humanity Protocol has closed a $20 million funding round, skyrocketing its valuation to a majestic $1.1 billion. Quite the feat for a project that verifies you by your palm, rather than those pesky, old-fashioned iris scans.

The funding round was co-led by Pantera Capital and Jump Crypto. Yes, you read that correctly—$20 million. Somebody’s got faith in this palm-reading startup!

But, don’t be fooled. This isn’t the first time Humanity’s had a moment in the spotlight. Back in May 2024, the protocol raised a whopping $30 million, boosting its valuation to $1 billion. Just a little less than a year ago, and look at them now, soaring to the $1.1 billion mark like it’s no big deal.

What will they do with this newfound capital? According to the fine print, they’ll pour it into speeding up their Proof of Humanity consensus mechanism and making sure it integrates nicely into the bustling Web3 ecosystem. Because why not aim for the stars when you’re already swiping palm prints like a boss?

With all this action, it seems Humanity is stepping up its game to compete directly with Worldcoin, Sam Altman’s brainchild, which requires you to entrust your personal data via eye scans. But hey, who’s counting, right? Humanity’s got its own twist, proving once again that nothing says “trustworthy tech” like swiping your palm. 🖐️

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2025-01-27 17:21