Delaware, USA, August 16, 2024, Chainwire
Finality Capital and Paper Ventures led the round, with participation from Arrington Capital, Draper Dragon, and Lightshift.
Holonym Foundation, an organization building next-generation digital identity security for the decentralized web, announced the successful completion of a $5.5 million seed funding round led by Finality Capital and Paper Ventures, with significant participation from Draper Dragon, Arrington Capital, Lightshift, Zero Knowledge Ventures, Zero DAO, and other notable funds.
“We are building a people-first principle at the core of the technology we are bringing to the world,” said Shady El Damaty, Holonym’s co-founder. “Our goal is to build a global, open-source layer that uses cryptography to upgrade the ability of each citizen to have basic access to a digital identity, proving their identity.”
“We cannot have self-sovereign control over our monetary assets without self-sovereign identity. The Holonym Foundation is building critical middleware and applications that will be the envy of Web2 users by empowering Web3 users to own, manage, and selectively share their data with strong privacy and security guarantees. Holonym will be part of the solution that brings the next trillion dollars of assets to the blockchain,” said Kamal Mokeddem, GP at Finality Capital.
Cryptographic keys, or private keys, run the web and secure all digital interactions on the internet. But what if private keys could be created differently, more sophisticatedly? Human keys completely change the way private keys are derived. Instead of creating private keys from random phrases, human keys create keys from humans. This new framing shifts ownership of digital assets from the owner of a random seed to a human who can uniquely prove their biometrics. Human keys make the ownership layer of the internet built on top of it more consumer-friendly, decentralized, and secure.
Human Keys encompasses three protocols built by the Holonym Foundation, all with security and strong data privacy as core principles.
- Mishti Network is a groundbreaking threshold entropy network that computes forgettable pseudorandom functions (OPRFs) for biometric data.
- This allows humans to derive random security keys that are difficult to steal, and allows private homomorphic computations on encrypted data, allowing untrusted third parties to authenticate users without seeing the underlying data.
- This is Eigenlayer's Actively Verified Service (AVS) with a cryptographic economic mechanism that leverages the economic security of the Ethereum network.
- Zeronym, a zero-knowledge identity protocol, leverages human keys to allow anyone in the world to secretly prove facts about their identity.
- Over 125,000 anonymous Zeronym users around the world have already earned this privilege, proving their unique persona, residence, and other attributes to build a rich digital reputation that only they own and control.
- Silk is a simple and elegant wallet user interface for interacting with cryptocurrency protocols.
- Silk enables everyday Internet users to use their human keys in the real world.
- Silk provides advanced security tools to protect users from hackers, scams, and malware on the decentralized web.
Nanak Nihal Singh Khalsa, co-founder of Holonym, said, ''Humanity is not just about biometrics, like your face. It's about what you have, what you know, what you are. Your assets, your memories, and your body. In the current centralized web, we are giving away free ownership of our data. Web3 should be a space where we provide robust data ownership and secure sharing of identity, where no one owns your data but you.''
The Holonym Foundation is working towards global digital inclusion by giving every human being on the planet a secure key that only they can keep and control. This is especially true as advances in artificial intelligence leave many people behind.
Holonym co-founder Shady El Damaty says this is just the beginning for the Holonym Foundation. “Human Keys will redefine how citizens interact with the internet by limiting the excessive influence of those in power and empowering individuals with a resilient decentralized protocol based on Zeronym and the Mishti Network.”
The Holonym Foundation focuses on applied cryptography innovations that provide solutions to real-world problems.
About Holonym Foundation
Holonym Foundation's mission is to spread Human Keys to make security and privacy more useful in a zero-trust environment. Holonym Foundation has developed the infrastructure to create Human Keys with Mishti Network, to make them easy to use with Silk, and to privately prove the truth about your identity with Zeronym.
Holonym Foundation Products
Misty Network. Threshold network for zero-trust human key derivation. Create high-entropy human keys from personal biometrics, passwords, security questions, or other human-memorable data. Mishti also enhances Zeronym’s programmable privacy for on-chain private banking, payments, and other real-world regulated industries.
silk. Human-friendly wallet For instant onboarding. Store, send payments, access global internet financial protocols and manage your personal data using human keys with zero trust protocols. Silk is a secure self-custodial wallet that can be recovered without a trusted guardian.
Mr. Zero. Proof of personality and personal identity. Fast client-side privacy for identity verification supporting digital credentials in 180 countries. Uses human keys to prove all facts privately without revealing information in zero-knowledge. Enterprises can leverage Zeronym for KYC/AML that protects privacy with programmable privacy for continuous monitoring.
Contact & Social
For promotional inquiries, you may contact the user. (email protected)
Users can stay connected with the Holonym Foundation and its products.
🌐 holonym.id, mishti.network, silk.sc
✖️ X I'm alone | Zero | Micity Network | silk
📲 Telegram Holonym Official | Misty Network | Misty Community | Holonym Development Support
💼 Holoni LinkedIn
✍️ Medium for Holoni
📝 The only one in the paragraph
🎥 Holoni YouTube
🎙️ Pacaster | Divine | Youngmyeong | Silkysignon
📝 Holonym on Discord
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