August 17, 2024
Holonym Foundation, focused on transforming digital identity security for the decentralized web, has successfully raised $5.5 million in seed funding. The round was led by Finality Capital and Paper Ventures, with significant contributions from Draper Dragon, Arrington Capital, Lightshift, Zero Knowledge Ventures, Zero DAO, and other notable investors.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Holynym Foundation | $5.5M | August 17, 2024 | Seed Round | Finality Capital, Paper Ventures | Security |
Shady El Damaty, Co-Founder of Holonym, emphasized their commitment to integrating core person-first principles into their technology. Their aim is to create a global open-source layer that provides citizens with basic access to digital identity using cryptographic proof of personhood.
Kamal Mokeddem, GP of Finality Capital, highlighted the importance of self-sovereign identity for controlling monetary assets. He noted that Holonym is developing essential middleware and applications to empower Web3 users with ownership, governance, and selective data sharing capabilities, ensuring strong privacy and security. This innovation is expected to attract significant assets to the blockchain.
Private keys are crucial for securing digital transactions and interactions. Human Keys revolutionize this by transforming humans into keys, using unique biometric proof instead of random phrases. This approach enhances digital asset ownership, making it more accessible, distributed, and secure.
About Holonym Foundation
Holonym Foundation redefines digital identity with its zero-knowledge data custody network, offering privacy-preserving tools to prevent data leaks, key loss, and phishing or hacking attempts. Their protocols, such as Zeronym and Mishti, provide secure and private identity solutions both on- and off-chain. Holonym aims to enhance individual rights through programmable privacy, ensuring robust security and privacy for users in the decentralized web.
Website: https://holonym.id/
About Investor
The round was led by Finality Capital and Paper Ventures, with significant contributions from Draper Dragon, Arrington Capital, Lightshift, Zero Knowledge Ventures, Zero DAO, and other notable investors.
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