Pantera Capital and Jump Crypto Lead Financing Round of Palm-Scanning Project at $1,100,000,000 Valuation
Digital assets-focused investment firms Pantera Capital and Jump Crypto reportedly helped a new palm-scanning blockchain project reach a more than $1 billion valuation. According to a new report by Reuters, the decentralized identity project Humanity Protocol has raised its fully diluted valuation to $1.1 billion after closing a $20 million funding round led by Pantera and Jump. The project aims to develop a network that uses palm scans to verify that online accounts belong to real people. Says Terence Kwok, founder of Humanity Protocol, “The protocol allows people to prove they are human without revealing personal details. This helps solve problems like bots, fake accounts and online fraud.” Kwok also says he expects the project to issue a token soon with “final preparations underway to ensure a smooth launch.” The company says the funding will help their project scale up. “The funding will accelerate Humanity Protocol’s de...