Humanity Protocol Completes $20 Million New Round of Financing, Led by Pantera Capital and Jump Crypto

blockchain identity verification company Humanity Protocol announced on Monday that it has raised $20 million in a round of financing led by Pantera Capital and Jump Crypto, bringing its fully diluted valuation to $1.1 billion. The company is building a system that will use palm scanning to verify if online accounts belong to real users. The company plans to use the funds to launch its product more widely in the coming months. Humanity Protocol is also about to launch its own cryptocurrency, with founder Terence Kwok saying, "We are currently making final preparations to ensure a smooth launch."