Worldcoin Rival Humanity Protocol Debuts $1.1B Mainnet for Privacy-First Web2 to Web3 Identity

Key Points

1. Humanity Protocol's mainnet uses zero-knowledge transport layer security (zkTLS) to link Web2 credentials with Web3 services while maintaining user privacy.

2. The Hong Kong-based startup recently raised $20 million in funding, co-led by Jump Crypto and Pantera Capital, valuing the company at $1.1 billion.

3. The technology allows users to verify identity without revealing sensitive information, enabling Sybil-resistant social platforms and reputation-based marketplaces.

4. Users can link Web2 accounts (e.g., frequent-flyer programs) to their 'Human ID,' creating a portable reputation layer usable across Web2 and Web3 infrastructure.

5. The system is designed to prevent Sybil attacks while avoiding the collection or storage of sensitive user data.