Humanity Protocol, a decentralized, zero-knowledge identity project backed by Polygon Labs and Animoca Brands, today announced that its testnet launch successfully attracted 25,000 registrations in the first 24 hours.
Discussing the milestone, Terence Kwok, CEO and founder of Humanity Protocol, said the project is on track to achieve its goals. He believes the community support demonstrates the need for a more secure and user-friendly solution for identity verification.
“The overwhelming response from our community reaffirms the demand we see for a more secure and user-friendly way to verify identity without sacrificing personal data in an increasingly digital world,” Kwok said.
“We’re excited to see users taking ownership of their identities in a way that prioritizes privacy, security and control. This is just the beginning and we strive to continuously improve our platform to meet the growing needs of our users,” he added.
The protocol, recently valued at $1 billion after raising $30 million in a seed round led by Kingsway Capital, aims to offer secure, user-centric identity verification using non-invasive biometrics with advanced Proof of Humanity technology.
Humanity Protocol uses zero-knowledge proofs to facilitate private and scalable identity verification. The goal is to limit the risks associated with centralized data storage, Kwok said in an interview with Crypto Briefing.
After the first phase, Human ID reservation, the team is now focusing on the next two phases: Palm Pre-enrollment via mobile app and full enrollment via Palm Vein Verification. The second phase is scheduled for mid-October, the team said.
Humanity Protocol is also rewarding early adopters with a share of the testnet tokens generated by their referrals as part of its commitment to fostering a community-driven approach.
“Humanity Protocol aims to continuously improve user capabilities and security features, reflecting the changing demands and expectations of the digital world,” said Humanity Protocol.