Decentralized identity project The humanity protocol has closed a financing round of $ 20 million, which increases its valuation to $ 1.1 billion.
The financing round was directed by Panther Capital and Jump Crypto, according to an ad -email advertisement.
The project last raised $ 30 million in an assessment of $ 1 billion in May 2024
Humanity plans to use the new capital to accelerate the development of its humanity proof consensus mechanism and integrate it into the leaders web3 platforms.
The protocol, which uses palm scans to verify the identity, aims to rival the WorldCoin project of the founder of Openai Sam Altman, which is based on the iris of scan users.
Read more: Lido co -founders said they draw the competition of Sam Altman’s World Network
