Collection of decentralized identity protocol from the human identity platform $ 20 million of financing led by Panterra Capital and Jump Crypto.
The new financing provides a fully diluted humanitarian protocol to $ 1.1 billion, according to the company's issuance.
The humanity protocol builds the infrastructure of humans to verify their digital presence to reduce the number of robots, deep fractures and other fraud in online spaces. People can use the platform for their palm wipes and their Blockchain digital identity with maintaining their personal data control.
The company plans to use funds to expand its operations, integrate with other Web3 platforms and build its guide to humanity and infrastructure of human identity.
"In the humanitarian protocol, we are committed to enabling individuals with digital identities that are truly their own," said the founder of the Humanitarian Protocol, Terins Cocock. "This investment from Jump Crypto and Pantera Capital is approaching us with one step to realize a future as the non -reliable non -central identity solutions are the rule."
In May 2024, the humanity protocol was raised 30 million dollars In financing led by Kingsway Capital to provide the total evaluation of the company to one billion dollars, the previously mentioned block was reported.
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MK Manoylov has been a correspondent of the mass since 2020 - joining before Bitcoin exceeded $ 20,000 for the first time. Since then, MK has written approximately 1,000 publication article, covering any and all news of encryption but with a tendency towards NFT, Metaverse and Web3 games, financing, crime, hacking and encryption in the ecosystem. MK has a postgraduate certificate from the science, health and environmental reporting program at the University of New York (SHerp), and has covered health topics for WebMD and Insider. You can follow MK on xmmanoylov and LinkedIn.
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