Humanode, a crypto-biometric community the place one human equals one node and crypto agency Paradigm’s in-house venture, at present introduced it efficiently closed a $2 million seed funding spherical.
Led by Republic Capital, the seed spherical was supported by others together with Tribe Capital, Blizzard — the Avalanche ecosystem fund, Wintermute, GravityX Capital, Shima Capital, Genblock, AU21, and StaFi, together with Polygon co-founders Jaynti Kanani and Sandeep Nailwal.
“For the time being, crypto governance is a plutocratic nightmare fraught with whales and Sybil assaults. Humanode is laying the foundational infrastructure for strong, absolutely pseudonymous digital identities that may function a cornerstone of our more and more immersive digital world.”
– Alex Ye, Managing Companion of Republic Crypto
To appreciate their purpose of 1 human = one node = one vote to beat the myriad of recognized points in crypto-economics and governance, Humanode makes use of a consensus mechanism primarily based on crypto-biometric identification. The Humanode crew developed a layer-1 protocol that gives sturdy Sybil resistance by way of extremely correct non-public biometric algorithms in shut cooperation with Facetec.
“Sybil assault is what stands between humanity and a very new approach of interplay with the world round us. It isn’t only a blockchain downside. Bots are a scourge of any high-level digital infrastrastructure and we’re right here to do away with them in a personal and decentralized vogue. By delivering a blockchain primarily based on biometrically verified pseudonymous identities we need to be sure that any techniques constructed on prime can make certain that nodes are distinctive actual residing and respiration human beings. Thanks Republic Crypto and Alex Ye specifically for having our again. Humanode welcomes everybody to hitch its endeavors and with rejuvenated power we press on ahead into the untamed frontier of laptop science.”
– Humanode Co-Founder, Dato Kavaz
Mainnet 2022
Ready to launch its public sale and mainnet in summer time 2022, Humanode lately launched V2 of its testnet platform. There have been greater than 11,000 functions to turn into one of many world’s first human nodes (biometrically verified validator nodes), and over 3,000 have been invited to take part, with over 500 validator nodes operating concurrently.
Following the two-week closed beta for V2, the general public open beta model of the software program was launched on December twenty third, and an extra 1,150 human nodes have been launched, bringing the variety of energetic distinctive validators to 1,650 as of February tenth, 2022.