Crypto Market

Crypto-biometric community Humanode raises $2M in seed funding » CryptoNinjas

Written by James Smith

Humanode, a crypto-biometric community the place one human equals one node and crypto agency Paradigm’s in-house undertaking, right now introduced it efficiently closed a $2 million seed funding spherical.

Led by Republic Capital, the seed spherical was supported by others together with Tribe Capital, Blizzard — the Avalanche ecosystem fund, Wintermute, GravityX Capital, Shima Capital, Genblock, AU21, and StaFi, together with Polygon co-founders Jaynti Kanani and Sandeep Nailwal.

“In the meanwhile, crypto governance is a plutocratic nightmare fraught with whales and Sybil assaults. Humanode is laying the foundational infrastructure for sturdy, totally pseudonymous digital identities that can function a cornerstone of our more and more immersive digital world.”
– Alex Ye, Managing Partner of Republic Crypto

To appreciate their objective of 1 human = one node = one vote to beat the myriad of identified points in crypto-economics and governance, Humanode makes use of a consensus mechanism based mostly on crypto-biometric identification. The Humanode crew developed a layer-1 protocol that gives robust Sybil resistance by means of extremely correct personal biometric algorithms in shut cooperation with Facetec.

“Sybil assault is what stands between humanity and a very new method of interplay with the world round us. It isn’t only a blockchain downside. Bots are a scourge of any high-level digital infrastrastructure and we’re right here to do away with them in a non-public and decentralized trend. By delivering a blockchain based mostly on biometrically verified pseudonymous identities we need to make sure that any programs constructed on high can make certain that nodes are distinctive actual residing and respiratory human beings. Thanks Republic Crypto and Alex Ye particularly for having our again. Humanode welcomes everybody to hitch its endeavors and with rejuvenated power we press on ahead into the untamed frontier of laptop science.”
– Humanode Co-Founder, Dato Kavaz

Mainnet 2022

Ready to launch its public sale and mainnet in summer time 2022, Humanode not too long ago launched V2 of its testnet platform. There have been greater than 11,000 purposes to grow to be one of many world’s first human nodes (biometrically verified validator nodes), and over 3,000 have been invited to take part, with over 500 validator nodes operating concurrently.

Following the two-week closed beta for V2, the general public open beta model of the software program was launched on December twenty third, and an extra 1,150 human nodes have been launched, bringing the variety of lively distinctive validators to 1,650 as of February tenth, 2022.


Source link

About the author

James Smith

Leave a Comment