January 27, 2025
Humanity Protocol, a blockchain platform for decentralized identity verification, has completed a $20 million funding round. The investment was led by Pantera Capital and Jump Crypto, valuing the company at a fully diluted $1.1 billion. The funding comes at a time when digital identity solutions are gaining attention due to concerns over online fraud and artificial intelligence misuse.
The funds will support Humanity Protocol’s work on identity tools such as Proof of Humanity and Human ID. These products are designed to verify users’ identities while protecting their privacy, addressing issues like bots, fake accounts, and cyber fraud. Plans include expanding integrations with Web3 platforms and preparing for the launch of the protocol’s native cryptocurrency. The company also intends to roll out initiatives such as partnerships, developer grants, and community programs ahead of its mainnet launch.
Blockchain and biometric technologies are becoming critical as businesses and governments search for secure identity systems. Humanity Protocol joins a growing list of startups using blockchain to create tools for digital identity verification. The backing from Pantera Capital and Jump Crypto signals strong investor confidence in the potential of these solutions to address global challenges in online security and trust.
About Humanity Protocol
Humanity Protocol develops blockchain-based tools for decentralized identity verification. Its solutions allow users to confirm their identity without exposing personal data, aiming to combat issues like online fraud and bot activity. The platform is working on products such as Proof of Humanity and Human ID and plans to launch its native token in the near future.
Website: https://www.humanity.org/
X: @Humanityprot
About Investors
Pantera Capital
Pantera Capital is a venture capital firm specializing in blockchain and cryptocurrency investments. Established in 2013, it supports companies and tokens across various stages of development.
Location: San Francisco, CA
Website: https://panteracapital.com/
Jump Crypto
Jump Crypto is the blockchain and digital assets arm of Jump Trading Group, a global trading firm. It focuses on building Web3 infrastructure and supporting decentralized finance projects.
Location: Chicago, IL
Website: https://jumpcrypto.com/
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