Polygon-backed Humanity Protocol’s testnet launch attracts 25,000 sign-ups in first 24 hours

Humanity Protocol, a decentralized, zero-knowledge id undertaking backed by Polygon Labs and Animoca Manufacturers, at the moment introduced that its testnet launch efficiently attracted 25,000 registrations within the first 24 hours.

Discussing the milestone, Terence Kwok, CEO and founding father of Humanity Protocol, mentioned the undertaking is on observe to realize its objectives. He believes the group help demonstrates the necessity for a safer and user-friendly resolution for id verification.

“The overwhelming response from our group reaffirms the demand we see for a safer and user-friendly approach to confirm id with out sacrificing private knowledge in an more and more digital world,” Kwok mentioned.

“We’re excited to see customers taking possession of their identities in a approach that prioritizes privateness, safety and management. That is just the start and we try to constantly enhance our platform to satisfy the rising wants of our customers,” he added.

The protocol, lately valued at $1 billion after elevating $30 million in a seed spherical led by Kingsway Capital, goals to supply safe, user-centric id verification utilizing non-invasive biometrics with superior Proof of Humanity expertise.

Humanity Protocol makes use of zero-knowledge proofs to facilitate personal and scalable id verification. The purpose is to restrict the dangers related to centralized knowledge storage, Kwok mentioned in an interview with Crypto Briefing.

After the primary section, Human ID reservation, the crew is now specializing in the following two phases: Palm Pre-enrollment by way of cell app and full enrollment by way of Palm Vein Verification. The second section is scheduled for mid-October, the crew mentioned.

Humanity Protocol can also be rewarding early adopters with a share of the testnet tokens generated by their referrals as a part of its dedication to fostering a community-driven strategy.

“Humanity Protocol goals to constantly enhance consumer capabilities and safety features, reflecting the altering calls for and expectations of the digital world,” mentioned Humanity Protocol.