Holonym Basis Emerges with $5.5 Million Seed Funding to Present World Digital Personhood with Human Keys

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 subsequent era of digital id safety for the decentralized internet, is asserting the completion of a profitable $5.5 million seed funding spherical. The funding spherical was led by Finality Capital and Paper Ventures, with important 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 constructing core person-first rules into the know-how we ship out to the world. Our aim is to construct a world open-source layer that upgrades the talents of every citizen with fundamental entry to a digital id utilizing cryptography to show their personhood.”

“We will’t have self-sovereign management of our financial belongings with out self-sovereign id. The Holonym basis is constructing crucial 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 sturdy privateness and safety ensures. Holonym will probably 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 non-public keys, run the net and safe each digital interplay on the web. However what if non-public keys may very well be constructed in a different way and in a extra refined approach? Human Keys fully change how non-public keys are derived. As an alternative of making non-public 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 Operate (OPRF) on biometric information.
• This enables people to derive random safe keys which are laborious to steal, and it unlocks non-public 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 community.
• Zeronym, a zero data id protocol, leverages Human Keys to permit anybody on this planet to secretly show information about their id.
• 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 fame 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 actual world by the on a regular basis web consumer with Silk.
• Silk supplies superior safety instruments to guard customers from hackers, scams, and malware on the decentralized internet.

Nanak Nihal Singh Khalsa, Co-Founding father of Holonym mentioned: ’’Humanity isn’t just biometrics, e.g. your face. It’s about what you might have, what and what you might be: your property, your reminiscence, and your physique. On the present centralized internet, we’re giving free possession to our information. Web3 should 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 this planet a safe key that solely they will maintain and management, the Holonym Basis strikes in direction of international digital inclusion, exactly at a time when developments in synthetic intelligence are poised to depart 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 residents work together with the web by limiting the overreach of energy and hardening particular person rights with resilient decentralized protocols constructed on Zeronym and Mishti Community.”

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, anyplace, to create Human Keys with Mishti Community, simply use them with Silk and privately show information about their id with Zeronym.

Holonym Basis Merchandise

Mishti Community. A threshold community for zero belief Human Key derivation. Create excessive entropy Human Keys from non-public biometrics, passwords, safety questions, or different human-memorable information. Mishti additionally powers Zeronym’s programmable privateness for on-chain non-public 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 non-public information. Silk is a protected self-custody pockets that may be recovered with out trusted guardians.

Zeronym. Proof of personhood and personal id. Quick client-side privateness for id verification, supporting digital credentials from 180 nations. Use Human Keys to show any reality privately with out revealing any info in zero data. 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 press@holonym.io

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