Palm-scanning identity protocol gets funding from over 20 VCs
Humanity Protocol claims it offers a less invasive alternative than iris scans, seemingly taking a jab at the popular digital identity project Worldcoin.
Humanity Protocol, a project backed by big crypto names like Animoca Brands and Polygon, has announced that it completed an investment round, securing funding from venture capital funds within the crypto space.
On Feb. 28, the protocol announced that it secured strategic investments from companies like Hashed, CMCC, Cypher Capital, Foresight Ventures, and Mechanism Capital. The protocol said it received significant funding from over 20 crypto-focused venture capital funds but did not mention all of its investors. The protocol also did not disclose the amount it raised from the fundraising event.
While it did not mention many details, the project said that it was developed in collaboration with Animoca Brands and Polygon Labs. Within the announcement, the company also highlighted that Animoca Brands’ executive chairman Yat Siu and Polygon co-founder Sandeep Nailwal personally participated in the founding round for the project.
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