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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