Humanity Protocol has secured a significant funding round of $30 million, leading to a staggering valuation of $1 billion. This achievement marks a notable milestone for the organization, elevating its status to that of a coveted unicorn startup.

**Humanity Protocol Achieves Unicorn Status with $30 Million Funding Round**The Humanity Protocol has reached unicorn status following a recent funding round that attracted $30 million, valuing the company at $1 billion. Leading investor Kingsway Capital was joined by prominent investors like Animoca Brands, Blockchain.com, Hashed, Shima Capital, and others in this venture.**Humanity Protocol's Innovative Identity Verification**The protocol stands out by leveraging palm scanning technology to secure users' digital identities on a blockchain. By employing zero-knowledge technology and a unique consensus mechanism called "proof-of-humanity," the platform verifies that users are genuine individuals rather than AI bots. This approach poses as a less intrusive alternative to competitor Worldcoin, which utilizes iris scanning technology and has faced privacy concerns.**Rapid Growth and User Engagement**Since its emergence from stealth mode just one month ago, Humanity Protocol has attracted significant interest. Over half a million people have already joined its waitlist. Founder Terence Kwok, supported by prominent figures like Animoca Brands co-founder Yat Siu and Polygon Labs, has been instrumental in this rapid growth.**Solving the Decentralized Identity Challenge**Yat Siu emphasizes the importance of user-friendly decentralized identity solutions, stating that traditional methods often suffer from either invasiveness, complexity, or inconvenience. In the current landscape of increasing AI reliance and data breaches, Humanity Protocol aims to revolutionize authentication with its user-centric approach.**Data Privacy and Security in the Digital Age**Humanity Protocol prioritizes data security by storing user information in a decentralized manner, ensuring that ownership remains solely with the individual. This approach stands in stark contrast to the data breach statistics reported by IT Governance, which revealed 2,814 incidents involving the compromise of 8.2 billion documents in 2023.**Global Adoption of Blockchain-Based Identity Solutions**Several countries are embracing blockchain technology to enhance identity verification. China and Brazil have announced plans to utilize blockchain for verifying the identities of their immense populations. These initiatives demonstrate the growing recognition of decentralized identity solutions as crucial tools for fostering equity, inclusion, and digital empowerment.