The decentralized ID platform human protocol raised $ 20 million in funds led by Petera Capital and Jump Crypto.
According to the company release, Fresh financing brings a completely diluted evaluation of the human protocol to $ 1.1 billion.
The human protocol builds an infrastructure for human beings to confirm its digital existence to reduce the number of bots, deep sea and other frauds in online space. People can use the platform to scan their palms and maintain control of personal data, and to authenticate blockchain -based digital identity.
The company plans to use funds to expand its operation, integrate with other Web3 platforms, and build evidence of human and human ID infrastructure.
Terence Kwok, the founder of the human protocol, released on January 27, “In the human protocol, we are truly trying to strengthen our digital identity for individuals. “These investments from JUMP Crypto and Petera Capital come one step further to realize the future in which an unreliable decentralized identity solution is standard.”
In May 2024, the Human Protocol raised $ 30 million in funds led by Kingsway Capital and selected the company’s total evaluation as $ 1 billion.
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MK Manoylov has been a journalist of blocks since 2020. Bitcoin was the first to exceed $ 20,000 for the first time. Since then, MK has written almost 1,000 articles for publications, but has dealt with all cryptography, but tends to talk about NFT, Metaverse, Web3 Gaming, Procurement, Crime, Hacking and Cryptocation Ecosystem. MK received a graduate degree from the science, health and environmental reporting program (Sherp) of the New York University and dealt with the health topics of WebMD and Insider. You can follow MK from x @mmanoylov and LinkedIn.
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