Holonym Foundation Emerges with $5.5 Million Seed Funding to Provide Global Digital Personhood with Human Keys

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August 16, 2024

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Chainwire

Revealed: August 16, 2024 at 3:47 pm Up to date: August 16, 2024 at 3:47 pm

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 id safety for the decentralized net, 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 outstanding funds.

Shady El Damaty, Co-Founding father of Holonym, stated: “We’re constructing core person-first ideas into the expertise we ship out to the world. Our aim is to construct a worldwide open-source layer that upgrades the talents of every citizen with primary entry to a digital id utilizing cryptography to show their personhood.”

“We are able to’t have self-sovereign management of our financial belongings with out self-sovereign id. The Holonym basis is constructing essential middleware and purposes that may make Web3 customers the envy of Web2 customers by giving them the facility to personal, govern, and selectively share their knowledge 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.’’, stated Kamal Mokeddem, GP of Finality Capital.

Cryptographic keys, or non-public keys, run the online and safe each digital interplay on the web. However what if non-public keys could possibly be constructed otherwise and in a extra subtle means? 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 knowledge privateness programs as core ideas:

Mishti Community, a breakthrough threshold entropy community that computes an Oblivious Pseudorandom Operate (OPRF) on biometric knowledge.
This enables people to derive random safe keys which might be laborious to steal, and it unlocks non-public homomorphic computation on encrypted knowledge, permitting untrusted third-parties to authenticate customers with out ever seeing the underlying knowledge.
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 data id protocol, leverages Human Keys to permit anybody on the planet to secretly show details about their id.
Over 125,000 pseudonymous Zeronym customers all over the world 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 stylish 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 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 stated: ’’Humanity isn’t just biometrics, e.g. your face. It’s about what you’ve got, what you already know and what you might be: your property, your reminiscence, and your physique. On the present centralized net, we’re giving free possession to our knowledge. Web3 have to be the house the place we offer sturdy knowledge possession and safe sharing of personhood, in order that no one can personal your knowledge besides you.’’

By granting each human on the planet a safe key that solely they’ll 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, wherever, to create Human Keys with Mishti Community, simply use them with Silk and privately show details 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 knowledge. 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 knowledge. 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 international locations. Use Human Keys to show any truth privately with out revealing any data 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 [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 Help

💼 Holonym Linkedin

✍️ Holonym Medium

📝 Holonym on Paragraph

🎥 Holonym YouTube

🎙️ Farcaster | ‌holonym | zeronym | silkysignon

📝 Holonym on Discord

Contact

PressHolonym[email protected]

Disclaimer

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