Humanode Raises USD 2M Led by Republic Capital While the Testnet Hits 1650 Unique Validators
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New York, NY, 10th February, 2022, Chainwire
Humanode, the first cryptobiometric network where one human = one node, has successfully closed its USD 2M seed round. Led by Republic Capital, the seed round was supported by institutions such as Tribe Capital, Blizzard - the Avalanche ecosystem fund, Wintermute, GravityX Capital, Shima Capital, Genblock, AU21, and StaFi, along with Polygon co-founders, Jaynti Kanani and Sandeep Nailwal.
Humanode is the world’s first blockchain project to utilize a consensus mechanism based on crypto-biometric identification to realize their goal of one human = one node = one vote to overcome various known issues in crypto-economics and governance. Humanode has developed a layer 1 protocol that provides strong Sybil resistance through highly accurate private biometric algorithms in close cooperation with Facetec.
“At the moment, crypto governance is a plutocratic nightmare fraught with whales and Sybil attacks. Humanode is laying the foundational infrastructure for robust, fully pseudonymous digital identities that will serve as a cornerstone of our increasingly immersive digital world.” says Alex Ye, Managing Partner of Republic Crypto.
Humanode co-founder Dato Kavazi states: “Sybil attack is what stands between humanity and a completely new way of interaction with the world around us. It is not just a blockchain problem. Bots are a scourge of any high-level digital infrastructure and we are here to get rid of them in a private and decentralized fashion. By delivering a blockchain-based on biometrically verified pseudonymous identities we want to ensure that any systems built on top can be sure that nodes are
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