Holonym Foundation receives $5.5 million in funding to develop digital identity security using Human Keys
From Investing.com
August 16, 2024 4:30:37 pm:
Holonym Foundation completes a $5.5 million seed funding round led by Finality Capital and Paper Ventures, with backing from Draper Dragon, Arrington Capital, and others. They aim to build a decentralized digital identity security system using unique Human Keys technology. Cryptographic keys derived from biometric data aim to enhance data privacy and security.
Holonym Foundation introduces Human Keys, a revolutionary technology shifting ownership of digital assets from random seed holders to individuals who can prove their biometrics. This advanced system encompasses three protocols: the Mishti Network for secure key derivation, Zeronym for private identity verification, and Silk for user-friendly crypto protocol interaction. The goal is to empower users with secure control over their data.
Holonym Foundation focuses on creating innovative solutions for real-world problems through applied cryptography. The use of Human Keys technology aims to redefine how individuals interact with the internet, prioritizing data ownership, privacy, and security. Holonym plans to continue developing decentralized protocols to empower users in the digital space.
Holonym Foundation’s products include the Mishti Network for Human Key derivation, Silk for user-friendly crypto protocol interaction, and Zeronym for private identity verification. These tools allow users to create and use Human Keys, proving their identity securely without revealing personal information. The foundation aims to make security and privacy more accessible in zero trust environments.
For PR inquiries, contact [email protected]. Stay connected with Holonym Foundation and its products to access innovative solutions for enhanced data security and privacy. Follow their journey as they continue to develop cutting-edge technologies in applied cryptography.
Read more at Investing.com: Holonym Foundation Emerges with $5.5 Million Seed Funding to Provide Global Digital Personhood with Human Keys By Chainwire