The biometric blockchain company Humanity Protocol has completed a $20 million financing round, led by Pantera Capital and others

2025-01-27 20:33:24

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ChainCatcher news, according to a report by Reuters, the biometric blockchain company Humanity Protocol announced the completion of a $20 million funding round led by Pantera Capital and Jump Crypto, with a fully diluted valuation of $1.1 billion. The company is developing a fingerprint-based authentication system and plans to expand its product applications in the coming months.

Founder Terence Kwok stated that the protocol allows users to prove their human identity without disclosing personal information, helping to address issues such as bots, fake accounts, and online fraud. With concerns over AI deepfakes rising, digital identity verification companies are expected to gain more attention.

Kwok revealed that Humanity Protocol is set to launch a cryptocurrency token, with final preparations currently underway. He also mentioned that the Trump administration supports the crypto industry and is committed to reducing heavy regulations, creating a business-friendly environment that will accelerate the development of blockchain solutions and attract investment.

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