Holonym Foundation Secures $5.5M in Seed Funding for Human Keys
Delaware’s Holonym Foundation has announced a successful $5.5 million seed funding round. The round was led by Finality Capital and Paper Ventures, with participation from Arrington Capital, Draper Dragon, Lightshift and more.
The startup is building the next generation of digital identity security for a decentralized web. The idea? To build the core principles needed to enable citizens with a digital identity to prove their personhood. How? Using cryptography.
Cryptographic keys secure every digital interaction on the internet. Holonym plans to use this premise in a more sophisticated way. Their “Human Keys” approach turns humans into keys rather than creating private keys from random phrases. This new framing shifts ownership of digital assets from the holder of a random seed, to the human that can uniquely prove their biometrics. Human Keys make the ownership layers of the internet built on top more consumer-friendly, decentralized, and secure. This new framing shifts ownership of digital assets from the holder of a random seed, to the human that can uniquely prove their biometrics. Human Keys make the ownership layers of the internet built on top more consumer-friendly, decentralized, and secure.
Shady El Damaty, co-founder of Holonym, says this is just the start for the Holonym Foundation. “Human Keys will redefine how citizens interact with the internet by limiting the overreach of power and hardening individual rights with resilient decentralized protocols built on Zeronym and Mishti Network.”
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