Delaware, United States, August sixteenth, 2024, Chainwire
Led by Finality Capital and Paper Ventures, with participation from Arrington Capital, Draper Dragon, Lightshift, and others.
Holonym Basis, a company constructing the following technology of digital identification safety for the decentralized net, is saying the completion of a profitable $5.5 million seed funding spherical. The funding spherical was led by Finality Capital and Paper Ventures, with vital participation from Draper Dragon, Arrington Capital, Lightshift, Zero Information Ventures, Zero DAO, and different distinguished funds.
Shady El Damaty, Co-Founding father of Holonym, mentioned: “We’re building core person-first principles into the technology we ship out to the world. Our goal is to build a global open-source layer that upgrades the abilities of each citizen with basic access to a digital identity using cryptography to prove their personhood.”
“We will’t have self-sovereign management of our financial belongings with out self-sovereign identification. The Holonym basis is constructing vital middleware and functions that can make Web3 customers the envy of Web2 customers by giving them the facility to personal, govern, and selectively share their information with robust privateness and safety ensures. Holonym will likely be a part of the answer to usher within the subsequent trillion {dollars} of belongings into blockchain.’’, mentioned Kamal Mokeddem, GP of Finality Capital.
Cryptographic keys, or personal keys, run the net and safe each digital interplay on the web. However what if personal keys may very well be constructed otherwise and in a extra refined approach? Human Keys utterly change how personal keys are derived. As a substitute of making personal keys from random phrases, Human Keys make people into keys. This new framing shifts possession of digital belongings from the holder of a random seed, to the human that may uniquely show their biometrics. Human Keys make the possession layers of the web constructed on high extra consumer-friendly, decentralized, and safe.
Human Keys embody three protocols constructed by the Holonym Basis, all having safety and sturdy information privateness techniques as core rules:
- Mishti Community, a breakthrough threshold entropy community that computes an Oblivious Pseudorandom Perform (OPRF) on biometric information.
- This enables people to derive random safe keys which can be onerous to steal, and it unlocks personal homomorphic computation on encrypted information, permitting untrusted third-parties to authenticate customers with out ever seeing the underlying information.
- That is an Actively Validated Service (AVS) on Eigenlayer with crypto financial mechanisms that leverage the financial safety of the Ethereum community.
- Zeronym, a zero information identification protocol, leverages Human Keys to permit anybody on the planet to secretly show information about their identification.
- Over 125,000 pseudonymous Zeronym customers around the globe have already unlocked these rights, proving their distinctive personhood, residency, and different attributes to curate a wealthy digital status that they alone personal and management.
- Silk, a easy and chic pockets consumer interface for interacting with crypto protocols.
- Human Keys are made usable in the true world by the on a regular basis web consumer with Silk.
- Silk offers superior safety instruments to guard customers from hackers, scams, and malware on the decentralized net.
Nanak Nihal Singh Khalsa, Co-Founding father of Holonym mentioned: ’’Humanity is not only biometrics, e.g. your face. It’s about what you’ve, what you understand and what you’re: your property, your reminiscence, and your physique. On the present centralized net, we’re giving free possession to our information. Web3 have to be the area the place we offer sturdy information possession and safe sharing of personhood, in order that no person can personal your information besides you.’’
By granting each human on the planet a safe key that solely they’ll maintain and management, the Holonym Basis strikes in the direction of international digital inclusion, exactly at a time when developments in synthetic intelligence are poised to go away so many behind.
Shady El Damaty, co-founder of Holonym, says that is simply the beginning for the Holonym Basis. “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.”
Holonym Basis is concentrated on utilized cryptography innovation that delivers options for real-world issues.
About Holonym Basis
The Holonym Basis’s mission is the proliferation of Human Keys to make safety and privateness extra usable in zero belief environments. Holonym Basis has developed infrastructure to permit anybody, wherever, to create Human Keys with Mishti Community, simply use them with Silk and privately show information about their identification with Zeronym.
Holonym Basis Merchandise
Mishti Community. A threshold community for zero belief Human Key derivation. Create excessive entropy Human Keys from personal biometrics, passwords, safety questions, or different human-memorable information. Mishti additionally powers Zeronym’s programmable privateness for on-chain personal banking, funds, and different actual world regulated industries.
Silk. The human-friendly pockets for fast onboarding. Use Human Keys with zero belief protocols to avoid wasting, ship funds, entry international web finance protocols and handle your personal information. Silk is a protected self-custody pockets that may be recovered with out trusted guardians.
Zeronym. Proof of personhood and personal identification. Quick client-side privateness for identification verification, supporting digital credentials from 180 nations. Use Human Keys to show any reality privately with out revealing any data in zero information. Enterprise can make the most of Zeronym for privacy-preserving KYC/AML with programmable privateness for on-going monitoring.
CONTACT & SOCIALS
For PR enquiries customers can contact [email protected]
Customers can keep related with Holonym Basis and it’s Merchandise:
🌐 holonym.id, mishti.community, silk.sc
✖️ X Holonym | Zer0nym | Mishti Community | Silk
📲 Telegram Holonym Official | Mishti Community | Mishti Neighborhood | Holonym Dev Assist
🎙️ Farcaster | holonym | zeronym | silkysignon
Contact
Press
Holonym
[email protected]
