New York, Feb. 11, 2022 — Humanode, the first crypto-biometric network where one human equals one node, has successfully closed its $2 million seed round. Led by Republic Capital, the seed round’s supporters included Tribe Capital, the Avalanche Foundation ecosystem’s fund Blizzard, Wintermute, GravityX Capital, Shima Capital, Genblock Capital, AU21 Capital, StaFi, and 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 its goal — one human equals one node and one vote — to overcome various known issues in crypto-economics and governance. Humanode has developed a layer-1 protocol that provides strong Sybil attack 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,” said Alex Ye, managing partner of Republic Crypto.
Humanode co-founder Dato Kavazi said, “Sybil attacks are what stand 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 more than 11,000 applications to become one of the world’s first “human” — biometrically verified validator — nodes, more than 3,000 were invited to participate, and more than 500 validator nodes were running simultaneously. Following the two-week closed beta for version 2.0, the public open beta version of the software was released on Dec. 23, and an additional 1,150 human nodes were launched, bringing the number of active unique validators to 1,650 on Feb. 10, 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,” said Victor Paradigm, co-founder of Humanode. “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, decentralized autonomous organizations (DAO) 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 and protocols to leverage the technology,” said Tejas A, general partner of 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,” said Bilal Junaid, founder of Genblock Capital.
Humanode is the first crypto-biometric network where one human equals one node and brings Sybil resistance and innovative governance models to the crypto industry using biometric technology.
Humanode is planning its public sale and mainnet launch for summer 2022.
- Sasha Shilina