Blockzeit
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
No Result
View All Result
  • EnglishEnglish
    • EnglishEnglish
    • DeutschDeutsch
    • PortuguêsPortuguês
Buy Crypto
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
No Result
View All Result
Blockzeit
No Result
View All Result
Home Press Release
Humanode raises 2M 1644506599TvrEZXuBeq

Humanode raises 2M 1644506599TvrEZXuBeq

Humanode raises $2M led by Republic Capital while the testnet hits 1650 unique validators

chainwire by chainwire
February 9, 2022
in Press Release
Reading Time: 3 mins read
0
Share on FacebookShare on TwitterShare on LinkedinShare via WhatsappShare via Email

New York, NY, 10th February, 2022, Chainwire

Humanode, the first cryptobiometric network where one human = one node, has successfully closed its $2M seed round. Led by Republic Capital, the seed round was supported by institutions such as Tribe Capital, Blizzard – the Avalanche ecosystem fund, Wintermute, GravityX Capital, Shima Capital, Genblock, AU21, and StaFi, along with Polygon co-founders, Jaynti Kanani and Sandeep Nailwal.

Humanode is the world’s first blockchain project to utilize a consensus mechanism based on crypto-biometric identification to realize their 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 provides strong Sybil resistance through highly accurate private biometric algorithms in close cooperation with Facetec. 

“At the moment, crypto governance is a plutocratic nightmare fraught with whales and Sybil attacks. Humanode is laying the foundational infrastructure for robust, fully pseudonymous digital identities that will serve as a cornerstone of our increasingly immersive digital world.” says Alex Ye, Managing Partner of Republic Crypto.

Humanode co-founder Dato Kavazi states: “Sybil attack is what stands between humanity and a completely new way of interaction with the world around us. It is not just a blockchain problem. Bots are a scourge of any high-level digital infrastructure and we are here to get rid of them in a private and decentralized fashion. By delivering a blockchain-based on biometrically verified pseudonymous identities we want to ensure that any systems built on top can be sure that nodes are unique real living and breathing human beings. Thank you Republic and Alex Ye in particular for having our back. Humanode welcomes everyone to join its endeavors and with rejuvenated strength, we press on forward into the untamed frontier of computer science.” 

Humanode, which is scheduled to launch its mainnet in mid-2022, has recently launched the second version of its testnet platform. There were over 11000 applications to become one of the world’s first human nodes (biometrically verified validator nodes), over 3000 were invited to participate, and had over 500 validator nodes running simultaneously. Following the two-week closed beta for V2, the public open beta version of the software was released on December 23rd, and an additional 1150 human nodes were launched, bringing the number of active unique validators to 1650 as of February 10th, 2022.

“What makes this testnet unique is that there is no incentive. People are joining because of the potential they see in the project and the change biometric-based Sybil-resistance can bring,” says Humanode co-founder, Victor. “I firmly believe that our supporters, who have joined us in this round, have felt the same possibilities in our project. We are not just providing a “useful tool”, but the means to revolutionize crypto infrastructure, decentralized finance, DAOs, and metaverses by establishing a bond between you and your digital presence. We are going to run a few new experiments where digital assets and rights become soulbound already in March.”

“Governance practices in DAOs are majorly focused on token-based quorum and have an extremely low threshold for voting. While various products are working on solving the problem, Humanode’s “one human – one vote” outlook is uniquely positioned and resonates with real-life voting albeit in a decentralized and pseudonymous manner. It is only natural for DAOs/protocols to leverage the technology.” says Tejas A, General Partner at GravityX Capital.

“We are thrilled to be working with the Humanode team as they challenge the conventional paradigm of blockchain technologies. Ambitious projects like Humanode at the forefront of innovation leave us rethinking our current understanding of the industry and further questioning our beliefs of where the industry will be in 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 core@humanode.io. 

▲Twitter▲Telegram Ann▲Telegram Chat▲Discord▲Blog▲GitHub▲Youtube▲LinkedIn
 

Contacts
  • Sasha Shilina
  • Humanode
  • sasha@humanode.io
  • +995571091868
Previous Post

CULT DAO Takes Decentralization to Extreme Levels, Awakening Revolution

Next Post

Russia Dispels Fears of Crypto Ban, Will Treat Bitcoin as Currency 

Related Posts

Tech Stock 13 1675266850v9VfHyXYvd

Metacade presale investment rockets past $5 million as GameFi investors hurry to buy remaining MCADE tokens

by chainwire
February 2, 2023
0

London, United Kingdom, 2nd February, 2023, ChainwireThe Metacade presale is selling out fast with stage 3 coming to a close...

peer logo option 5a 1675211716TXXmmsk8MR

Peer Acquires Elite Team of Engineers Behind Zenly’s Popular 3D Maps

by chainwire
February 1, 2023
0

Seattle, Washington, 1st February, 2023, ChainwirePeer today announced the hiring of a specialist team of engineers from Zenly to develop...

EverScale and Venom Ventures 167516719118PS5FxcJA

Venom Ventures Fund Commits a $5 Million Strategic Investment in the Everscale Blockchain

by chainwire
January 31, 2023
0

Abu Dhabi, Abu Dhabi, 31st January, 2023, ChainwireVenom Ventures Fund, a Web3 and blockchain innovation fund managed by Abu Dhabi-based...

Load More

Get updates to your inbox!

Subscribe to our mailing list to receive daily updates!

FOLLoW US:

Blockzeit Logo 10 1

Blockzeit was founded in 2021 in Switzerland with the mission of bridging the gap between the complex blockchain technology and the general public. Blockzeit is a news and education platform that aims to make blockchain more accessible and bring more transparency to the scene.

Popular Categories

Categories
  • Bitcoin News
  • Business
  • Education
  • Investing
  • Markets
  • Metaverse
  • NFTs
  • Politics
  • Press Release
  • Switzerland
  • Technology
  • Trends
  • Uncategorized

Important Links

  • Privacy Policy
  • Disclaimer
  • About us
  • Contact us
  • Blockchain Jobs
  • Events

Contact & Social

For guest posts, contact us via info@blockzeit.com

 

Contact: info@blockzeit.com
Press: press@blockzeit.com

Facebook Twitter Linkedin Instagram
  • Home
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
  • Education
  • Events
© Copyright by Blockzeit.com. All rights reserved.

Disclaimer

Start making money with crypto.

Buy Here
No Result
View All Result
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
  • DeutschDeutsch
  • PortuguêsPortuguês

© 2021 Blockzeit by Blockzeit.