Pantera Capital and Jump Crypto, a digital asset -oriented investment company, helps the new Palm Scan Blockchain project to reach more than $ 1 billion.
According to Reuters’ new reports, the decentralized ID Project Humanity Protocol earned $ 1.1 billion after finishing the $ 20 million financing round led by Petera and JUMP.
This project aims to develop a network that uses palm scans to verify that the online account belongs to people.
Terence Kwok, the founder of the human protocol.
“Through this protocol, people can prove that they are human beings without revealing personal information. This helps to solve problems such as bots, fake accounts and online fraud. ”
KWOK also predicted that the project will soon be issued as “the final preparation for smooth release”.
The company said that funds will help to expand the project.
“The funds will accelerate the smooth integration development with human ID, human ID and major Web3 platforms of human protocols. With the support of JUMP Crypto and Pantera Capital, Humanity Protocol is ready to expand its operation, expand its global reaching range, and adopt it across the industry beyond Web3. ”
KWOK added that US President Donald Trump’s digital asset support is expected to increase funds for blockchain startups.
“I am happy to see a new innovation that will be better supported by this administration. The scattering environment can accelerate the development of blockchain -based solutions and attract investment. ”
This project is not the first attempt to use the body scan and blockchain technology.
In 2023, Openai founder Sam Altman started the WorldCoin (WLD), a cryptocurrency project that uses eye technology to create an identity network.
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