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Worldcoin Rival Humanity Protocol's Valuation Jumps to $1.1B After Fresh Fund Raise
The protocol aims to rival OpenAI founder Sam Altman's Worldcoin project, which is built around scanning users' irises.
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.
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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 Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
