![Humanity Protocol Raises $30M to Secure Digital Identities](http://media.assettype.com/crypto-insider%2F2024-05%2F6e20108c-23eb-4f63-a49a-3ca8f3b296ef%2FDALL_E_2024_05_16_15_41_33___Create_a_16_9_wide_image_depicting_a_high_tech_biometric_palm_scanning_.webp?rect=0%2C16%2C1792%2C1008&w=480&auto=format%2Ccompress&fit=max)
Humanity Protocol recently secured $30 million in funding to develop its blockchain-based identity verification network, quickly achieving unicorn status. The project utilizes advanced palm scan technology, providing a secure and less invasive alternative to traditional biometric systems. This initiative responds to growing concerns around AI-driven identity fraud, offering enhanced security by verifying unique vein patterns in the user's palm. The funding, led by Kingsway Capital, will expand the team and accelerate the launch of a testnet with a promising waitlist of users.
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