Humanity Protocol completed a new round of financing of $ 20 million, Pantera Capital and Jump Crypto led

PANews, January 27, according to Reuters, identity verification blockchain company Humanity Protocol announced on Monday that it has fully diluted the company after raising $20 million in a round of financing co-led by Pantera Capital and Jump Crypto. The valuation has reached US$1.1 billion.

The company is building a system that will use palm scans to verify that online accounts belong to real users. The company plans to use the funding to launch its product more broadly in the coming months. Humanity Protocol is also about to launch its own crypto token, and its founder Terence Kwok said: "Final preparations are currently underway to ensure a smooth launch."