Holonym Foundation, a zero-knowledge digital identity project, expands its technologies through the acquisition of the Gitcoin Passport platform.
Acquisition of Gitcoin Passport
Holonym has completed the acquisition of Gitcoin Passport for $10 million, integrating the proof-of-humanity system with the Human Network. This deal is part of the strategy to enhance decentralized identification tools within the Human.tech suite.
Benefits of Human Passport
Gitcoin Passport will be rebranded to Human Passport, which allows individuals to verify their identity without disclosing sensitive information. This ID certificate safeguards users against Sybil attacks and fake accounts by collecting 'Stamps' — verifiable credentials from various verifiers.
Competition in Digital Identity
The acquisition signifies increasing competition in the digital identity industry, where players like World and Humanity Protocol also advance decentralized identifier technologies. Human.tech is progressing with wallet solutions based on recent 2PC-MPC technology breakthroughs.
Holonym Foundation's acquisition of Gitcoin Passport strengthens its position in the growing digital identity space, offering cutting-edge ZK technologies to protect user privacy.
