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New York, NY, February 10, 2022, Chainwire — Humanode, the first cryptobiometric network where one human = one node, has successfully closed its $2 million funding round. Directed by Capital of the Republicthe round was backed by institutions including Tribe Capital, Blizzard – the Avalanche ecosystem fund, Wintermute, GravityX Capital, Shima Capital, Genblock, AU21 and StaFi, as well as Polygon co-founders Jaynti Kanani and Sandeep Nailwal.
Humanode is the first blockchain project in the world to use a consensus mechanism based on crypto-biometric identification to achieve its 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 offers strong Sybil resistance thanks to very precise private biometric algorithms in close collaboration with Facetec.
“Right now, crypto-governance is a plutocratic nightmare filled with whale and Sybil attacks. Humanode is putting in place the basic infrastructure for robust, fully pseudonymous digital identities that will serve as the cornerstone of our digital world of increasingly immersive,” says Alex Ye, Managing Partner of Republic Crypto.
Humanode co-founder Dato Kavazi says, “The Sybil Attack is what stands between humanity and a whole new way of interacting with the world around us. It’s not just a blockchain issue. Bots are a scourge of any high-level digital infrastructure and we are here to get rid of them in a private and decentralized way. By providing a blockchain based on biometrically verified pseudonymous identities, we want to ensure that all systems built on top of it can be confident that nodes are unique living, breathing human beings. Thank you Republic and Alex Ye in particular for supporting us. Humanode invites everyone to join in its efforts and with rejuvenated strength, we are advancing towards the untamed frontier of computing.
Humanode, which is due to launch its mainnet in mid-2022, recently launched the second version of its testnet platform. There were over 11,000 applications to become one of the world’s first human nodes (biometrically verified validator nodes), over 3,000 were invited to participate, and over 500 validator nodes were running concurrently. After the two-week closed beta for V2, the public open beta version of the software was released on December 23 and 1150 additional human nodes were launched, bringing the number of active unique validators to 1650 as of February 10, 2022.
“What makes this testnet unique is that there is zero inducement. People are joining us because of the potential they see in the project and the change the biometric-based Sybil resistance can bring,” says Victor, co-founder of Humanode. “I firmly believe that our supporters, who joined us in this round, felt the same possibilities in our project. We don’t just provide a “helpful tool”, but the means to revolutionize crypto infrastructure, decentralized finance, DAOs and metaverses by connecting you to your digital presence. We’re going to run a few new experiments where digital assets and rights become soul bound already in March.
“Governance practices in DAOs are primarily focused on token-based quorum and have an extremely low voting threshold. While various products work to address the issue, Humanode’s “one human – one vote” perspective is uniquely positioned and resonates with real-world voting, albeit in a decentralized and pseudonymous way. It is natural for DAOs/protocols to leverage technology. says Tejas A, General Partner of GravityX Capital.
“We are excited to work with the Humanode team as they challenge the conventional paradigm of blockchain technologies. Ambitious projects like Humanode at the forefront of innovation force us to rethink our current understanding of the industry and rethink question our beliefs about the future of the industry in the years to come,” says Bilal, founder of Genblock Capital.
About Humanode
Humanode is the first crypto-biometric network where one human = one node that brings Sybil resistance and innovative governance models to the crypto industry using biometric technology.
Humanode is planning its Public sale and mainnet launch in summer 2022.
For more information on Humanode, visit the website or contact [email protected]
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