According to Foresight News, Humanity Protocol has completed a strategic financing round with participation from over 20 institutions, including Hashed, CMCC, Cypher Capital, Foresight Ventures, and Mechanism Capital. The specific amount raised has not been disclosed. The funds will be used to accelerate the development and deployment of Humanity Protocol, improving its scalability, efficiency, and user accessibility in preparation for the upcoming testnet launch.
As previously reported by Foresight News on February 21, Human Institute collaborated with Animoca Brands and Polygon Labs to launch Humanity Protocol on the Polygon CDK. The protocol introduces a new palm recognition technology for establishing human proofs in Web3 while protecting privacy. The Humanity Protocol testnet is set to launch soon.