Worldcoin Rival Humanity Protocol's Valuation Jumps to $1.1B After Fresh Fund Raise

Description

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. 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 ...