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The protocol aims to rival OpenAI founder Sam Altman’s Worldcoin project, which is built around scanning users’ irises.
By Jamie Crawley|Edited by Aoyon Ashraf
Jan 27, 2025, 2:03 p.m. UTC
What to know:
- Decentralized identity project Humanity Protocol has closed a $20 million funding round, raising its valuation to $1.1 billion.
- The project last raised $30 million at a $1 billion valuation in May 2024.
- Humanity, which uses palm scans to verify identity, aims to rival OpenAI founder Sam Altman’s Worldcoin project, which is built around scanning users’ irises.
Decentralized identity project Humanity Protocol has closed a $20 million funding round, raising its valuation to $1.1 billion.
The funding round was co-led by Pantera Capital and Jump Crypto, according to an emailed announcement.
The project last raised $30 million at a $1 billion valuation in May 2024
Humanity plans to use the new capital to accelerate the development of its Proof of Humanity consensus mechanism and integrate it into leading Web3 platforms.
The protocol, which uses palm scans to verify identity, aims to rival OpenAI founder Sam Altman’s Worldcoin project, which is built around scanning users’ irises.
Read More: Lido Co-Founders Said to Plot Competitor to Sam Altman’s World Network
Jamie joined CoinDesk as a news reporter in February 2021 after writing widely about crypto and blockchain for two years in other roles. Away from crypto, Jamie runs a lot and loves all things sport. He holds small amounts of BTC, ETH, ADA and LTC.
