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Humanity Protocol Raises $30M at $1B for Decentralized Identification to Rival Worldcoin

Humanity Protocol, a zero-knowledge decentralized identity project looking to compete with Worldcoin, said it was valued at $1 billion in a seed funding round led by Kingsway Capital. The $30 million round, which follows a $1.5 million investment from a combination of angel investors and key opinion leaders in early March, included Animoca Brands, and Hashed among others, the team said in a post on Medium. The protocol uses palm scans and a consensus mechanism it calls Proof of Humanity to uniquely verify a user's identity within a decentralized system. The team at Humanity Protocol plans to use the funds for hiring and product development.

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