Worldcoin Rival Humanity Protocol Hits $1.1B

Humanity Protocol Secures $20 Million, Valuation Hits $1.1 Billion

• Humanity Protocol raised $20 million in a recent funding round.
• The project’s valuation increased to $1.1 billion.
• Pantera Capital and Jump Crypto co-led the funding round.
• A previous funding round in May 2024 raised $30 million at a $1 billion valuation.
• The project aims to develop its Proof of Humanity consensus mechanism.
• Humanity Protocol uses palm scans for identity verification, competing with Worldcoin’s iris scanning technology.

Humanity Protocol has successfully closed a $20 million funding round, elevating its valuation to $1.1 billion. The project plans to use this capital to further develop its unique identity verification system and compete with existing technologies like Worldcoin’s iris scanning approach.