Humanity Protocol Announces Launch of Its Foundation
Humanity Protocol, a project focused on decentralized identity verification, has launched the Humanity Foundation to ensure the projectâs long-term growth through the establishment of ecosystem funds and community growth incentives.
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In the announcement published on January 14, 2025, Humanity stated that its newly-formed foundation is being led by some big names in the industry, including Yat Siu, chairman of Animoca Brands, Mario Nawfal, founder of International Blockchain Consulting, and Yeewai Chong, a former Morgan Stanley and Ortus Capital pro whoâs stepping in as interim CEO.
With the establishment of its foundation, Humanity gets closer to mainnet launch. The company stated itâs just the first step of 2025 and there are big plans to accomplish.
Humanity Protocol is a blockchain-based and privacy-focused digital identity verification protocol. Like World Network (originally Worldcoin) co-founded by OpenAIâs Sam Altman, Humanity uses biometric data.
However, the technology differs. World relies on iris scanning, while Humanity relies on palm scanning to link it with digital identities. In May 2024, the protocol announced raising $30 million bringing its total valuation to $1 billion.
The company uses zero-knowledge (ZK) technologies to keep user data secure and compete with World Network.
As the digital world keeps growing, the Humanity Foundation is putting a spotlight on the need for privacy and security. By leveraging its non-invasive biometric tech, Humanity Protocol is setting out to offer a user-friendly, secure alternative to the existing identity verification methods.
It aims to increase the adoption of Proof of Humanity (PoH) technology to set a new standard for the industry.
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