Humanode Raises $2M Led by Republic Capital
Humanode, Paradigm’s in-house project and the first cryptobiometric network where one human = one node, has successfully closed its $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.
Humanode, which is scheduled to launch its mainnet in mid-2022, has recently launched the second version of its testnet platform. There were over 11000 applications to become one of the world’s first human nodes (biometrically verified validator nodes), over 3000 were invited to participate, and had over 500 validator nodes running simultaneously. Following the two-week closed beta for V2, the public open beta version of the software was released on December 23rd, and an additional 1150 human nodes were launched, bringing the number of active unique validators to 1650 as of February 10th, 2022.
ABOUT Humanode
The Humanode network is a protocol that can prove one’s unique identity through private biometric authentication schemes and grant permission to launch a node and verify transactions running a public permissionless network based on collective human existence.
RESOURCES
Medium
