Holonym Foundation, an organization developing digital identity security technologies for the decentralized web, has announced the completion of a successful $5.5 million seed funding round.
Funding Highlights
The seed funding round was led by Finality Capital and Paper Ventures, with significant participation from Draper Dragon, Arrington Capital, Lightshift, Zero Knowledge Ventures, Zero DAO, and other prominent funds. These funds will aid in the development of new technologies that Holonym plans to introduce to the world.
Human Keys Technology
Cryptographic keys play a crucial role in securing digital interactions on the internet. Holonym Foundation proposes a new concept called Human Keys, which changes the way private keys are derived. Instead of using random phrases, Human Keys utilize biometric data of users, making private keys more secure and user-friendly. Human Keys encompass three main protocols: * Mishti Network - a network for creating secure keys based on biometric data. * Zeronym - an anonymous identity protocol allowing users to prove facts about their identity without revealing them. * Silk - a user-friendly interface for managing cryptographic protocols and ensuring user security on the decentralized web.
Future of Digital Identity
Holonym Foundation aims to create a global infrastructure that allows every person in the world to have a secure digital key controlled solely by them. This is particularly important in the context of advancing artificial intelligence and the need to ensure digital equality. Additionally, Holonym Foundation is working on solutions to real-world problems through applied cryptography, making security and privacy more accessible.
Holonym Foundation will continue to develop digital identity technologies, aiming to make security and privacy more convenient and accessible for all internet users.
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