Odaily News Humanity Protocol announced that it has completed a new round of financing of US$30 million at a valuation of US$1 billion, led by Kingsway Capital, with participation from Animoca Brands, Blockchain.com and Shima Capital. Founder Terence Kwok said the company has also raised about US$1.5 million from influential crypto figures in "KOLs". Kwok said the startup plans to launch its test network in the second quarter, and the current waiting list is about 500,000 people. When launching its technology, it plans to first release an application that can use a mobile phone camera to scan people's palm prints to determine their identity. It is reported that Humanity Protocol uses palm print recognition technology and zero-knowledge proof to ensure the privacy and security of users, aiming to provide an easily accessible and non-invasive method for establishing human proofs in Web3 applications. (Bloomberg)