Humanode raises $2 million led by…

Humanode, the first biometric crypto network where one human = one node, has successfully closed its initial $2 million round. Led by Republic Capital, the initial round was backed by foundations including Tribe Capital, Blizzard – Avalanche Ecosystem Fund, Wintermute, GravityX Capital, Shima Capital, Genblock, AU21 and StaFi, along with Polygon founders Jaynti Kanani and Sandeep. Nailwal.

Humanode is the world’s first blockchain project to use a consensus mechanism based on cryptographic identification to achieve its goal of One Human = One Node = One Voice to overcome many known issues in crypto economics and governance. Humanode has developed a Layer 1 protocol that provides strong anti-intrusion through special high-precision biometric algorithms in close cooperation with Facetec.

Currently, managing cryptocurrency is a plutocratic nightmare that has been plagued by whales and Sybil attacks. “Humanode is creating the foundational infrastructure for powerful, fully borrowed digital identities that will serve as the cornerstone of our increasingly immersive digital world,” said Alex Yee, Managing Partner of Republic Crypto.

Humanode co-founder Dato Kavazi stated, “We are very excited to have our new partners on board, and we thank Republic Crypto for guiding us through this process. The further we progress with the project, the more we realize how necessary this solution is, as there are more and more projects that want to link protocols. In order to use the sepia resistance and privacy that Humanode can provide for different solutions. With the seed round completed, we are in a better position to enhance and accelerate our development.”

Humanode, which is scheduled to launch its mainnet in mid-2022, recently launched the second version of its testnet platform. There were more than 11,000 applications to become one of the world’s first human nodes (biometric validation nodes), more than 3,000 were invited to participate, and more than 500 validation nodes were running simultaneously. After the two-week closed beta of V2, the public open beta of the software was released on December 23, and an additional 1,133 human nodes were deployed, bringing the number of unique active human nodes to 1,633 as of December 23. Starting February 8th. , 2022.

“What makes this test network unique is that there is no incentive. People come together because of the potential they see in the project and the change that biometric-based sibyline resistance can make,” says Victor, co-founder of Humanode. “I firmly believe that our fans, who joined us on this tour, felt the same possibilities in our project. We offer not only a ‘helpful tool’, but the means to revolutionize crypto infrastructure, decentralized finance, DAOs and metaverses, and create a link between you and your digital presence. We will be running some new experiments where digital rights and assets are linked to Soulbound as early as March.”

The governance practices of DAOs are mostly focused on token-based quorums and have a very low voting threshold. While many products solve the problem, Humanode’s “one human – one vote” perspective is uniquely positioned and aligned with real-life voting, albeit in a decentralized and pseudonymous manner. Tejas A, general partner at GravityX Capital, says it is only natural that DAOs/protocols benefit from the technology.

“We are delighted to work with the Humanode team as they challenge the traditional paradigm of blockchain technologies. Ambitious projects like Humanode, at the forefront of innovation, are making us rethink our current understanding of the industry and further questioning our beliefs about where the industry will be in years to come,” says Bilal, founder of Genblock Capital. coming.

Humanode plans a public sale and a mainnet launch in the summer of 2022.

Twitter
^ Telegram Ann
▲ Telegram chat
▲ discord ▲
▲ blog
▲ github
▲ YouTube
▲ LinkedIn

Bitcoin

Bitcoin

Leave a Reply

Your email address will not be published. Required fields are marked *