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COINOTAG News reports that on January 27th, Humanity Protocol, a prominent player in the blockchain identity verification sector, has successfully closed a $20 million financing round. This funding effort was co-led by notable venture firms, Pantera Capital and Jump Crypto. Following this investment, Humanity Protocol has achieved a fully diluted valuation of $1.1 billion, underscoring its growing significance in the crypto space.
The company’s innovative approach focuses on a system designed for verifying online identities via palm scans, thus ensuring that digital accounts are linked to actual individuals. With these freshly secured resources, Humanity Protocol aims to expedite the rollout of its product throughout the upcoming months, positioning itself to capitalize on the increasing demand for reliable identity verification solutions in the decentralized ecosystem.
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