Humanity Protocol valued at $1.1 billion after latest fundraise


FILE PHOTO: A computer keyboard lit by a displayed cyber code is seen in this illustration picture taken on March 1, 2017. REUTERS/Kacper Pempel/Illustration/File Photo

(Reuters) - Humanity Protocol has secured a fully diluted valuation of $1.1 billion after raising $20 million in a funding round co-led by Pantera Capital and Jump Crypto, the identity verification blockchain firm said on Monday.

The company is building a system that will use palm scans to verify that online accounts belong to real people. It plans to use the funds to launch its product more widely in the next few months.

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