Sam Altman’s Worldcoin Rival Humanity Protocol’s Valuation Lifts to $1.1B Following $20M Funding Round

Decentralized identity project Humanity Protocol has closed a $20 million funding round, bringing its value to $1.1 billion. The funding round was led by Pantera Capital and Jump Crypto, according to an emailed announcement.The project is final raised $30 million at a cost of $1 billion in May 2024Humanity plans to use the new capital to accelerate the development of the Proof of Humanity consensus mechanism and integrate it with leading Web3 platforms.The protocol, which uses palm scans to verify identity, aims to rival OpenAI founder Sam Altman The Worldcoin project, built around scanning users' irises.Read more: Lido's Co-Founders Said to Plan a World Network Competitor by Sam Altmanself.__next_f.push((1,"998 15.6619 10.0998C16.7718 10.0998 17.6563 11.1176 17.639 12.3478C17.639 13.5868 16.7718 14.5957 15.6619 14.5957Z5:(\"$\",\"html\",null,{\"suppressHydrationWarning\":true,\"lang\":\"en\",\"children\":((\"$\",\"head\",\"head\",{\"children\":((\"$\",\"link\",null,{\"rel\":\"manifest\",\"href\":\"/manifest.webmanifest\"}),(\"$\",\"$Le\",null,{\"id\":\"gtm-script\",\"data-cookieconsent\":\"ignore\",\"strategy\":\"beforeInteractive\",\"dangerouslySetInnerHTML\":{\"__html\":\"$f\"}}),(\"$\",\"$L10\",null,{}),(\"$\",\"$Le\",null,{\"async\":true,\"src\":\"https://a.pub.network/coindesk/pubfig.min.js\"}),(\"$\",\"$Le\",null,{\"id\":\"cookie-consent\",\"data-cookieconsent\":\"ignore\",\"dangerouslySetInnerHTML\":{\"__html\":\"APP_ENV = \\\"production\\\";\"}}),(\"$\",\"$Le\",null,{\"id\":\"JWPlayer\",\"src\":\"https://cdn.jwplayer.com/libraries/6amZaWBZ.js\",\"type\":\"text/javascript\"}),(\"$\",\"$Le\",null,{\"id\":\"Cookiebot\",\"src\":\"https://consent.cookiebot.com/uc.js\",\"data-cbid\":\"0eadae03-33f1-4a15-97c4-7f82433a6838\",\"data-framework\":\"TCFv2.2\",\"type\":\"text/javascript\"}),(\"$\",\"$Le\",null,{\"id\":\"cookie-consent-fix\",\"type\":\"text/javascript\",\"dangerouslySetInnerHTML\":{\"__html\":\"\\n\\t\\t\\t\\t\\t\\t\\tsetTimeout(() =\u003e {\\n\\t\\t\\t\\t\\t\\t\\t\\tif (typeof Cookiebot !== \\\"undefined\\\" \u0026\u0026 Cookiebot.regulationRegions?.gdpr) {\\n\\t\\t\\t\\t\\t\\t\\t\\t\\tCookiebot.regulationRegions.gdpr.push(\\\"ch\\\");\\n\\t\\t\\t\\t\\t\\t\\t\\t} else {\\n\\t\\t\\t\\t\\t\\t\\t\\t}\\n\\t\\t\\t\\t\\t\\t\\t}, 100); 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