Delaware, United States, August 16th, 2024, Chainwire
Exciting news in the world of digital identity security as Holonym Foundation announces the completion of a $5.5 million seed funding round led by Finality Capital and Paper Ventures. This groundbreaking initiative aims to revolutionize digital identity security using innovative technologies such as Human Keys.
With participation from Arrington Capital, Draper Dragon, Lightshift, and other prominent funds, Holonym Foundation is set to redefine how individuals interact with the internet by providing secure and decentralized solutions.
Shady El Damaty, Co-Founder of Holonym, highlights the organization's commitment to building a global open-source layer that enhances individuals' access to digital identity using cutting-edge cryptography.
Kamal Mokeddem, GP of Finality Capital, emphasizes the importance of self-sovereign identity in the digital age and how Holonym Foundation's initiatives will empower Web3 users with unparalleled control over their data and assets.
The key to Holonym Foundation's success lies in their innovative approach to private keys. By introducing Human Keys, which make humans the keys themselves, the organization is transforming the ownership layers of the internet to be more consumer-friendly, decentralized, and secure.
Human Keys consist of three protocols developed by the Holonym Foundation:
- Mishti Network, a breakthrough network that enhances data privacy and security through biometric authentication.
- Zeronym, a zero-knowledge identity protocol that allows users to prove facts about their identity without revealing sensitive information.
- Silk, a user-friendly wallet interface that simplifies interactions with crypto protocols and provides advanced security features.
Nanak Nihal Singh Khalsa, Co-Founder of Holonym, emphasizes the need for robust data ownership and secure sharing of personhood in the decentralized web era to protect individuals' rights and privacy.
By granting every individual a secure key that only they can control, Holonym Foundation aims to promote global digital inclusion and empower individuals in the face of advancing technologies like artificial intelligence.
Shady El Damaty, co-founder of Holonym, envisions Human Keys as a game-changer in how citizens interact with the internet, ensuring the protection of individual rights and privacy through decentralized protocols.
Overall, Holonym Foundation's mission is to make security and privacy more accessible in zero trust environments through their innovative products Mishti Network, Silk, and Zeronym. These products aim to revolutionize digital identity security and empower individuals to take control of their data and assets in the digital age.
About Holonym Foundation
The Holonym Foundation is dedicated to proliferating Human Keys to enhance security and privacy in zero trust environments. Their products Mishti Network, Silk, and Zeronym offer innovative solutions for creating, using, and proving digital identities securely.
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