- Holonym acquires Gitcoin Passport and rebrands it as Human Passport.
- The 34.5M zero-knowledge credentials will lengthen Proof of Humanity.
Holonym Basis purchased Gitcoin Passport to create the world’s largest Proof of Humanity resolution. The deal could have Gitcoin Passport rebranded as Human Passport, integrating Holonym’s Human Key expertise to extend privacy-preserving digital id.
Human.tech, a product suite backed by Holonym, will challenge 34.5 million zero-knowledge credentials to Gitcoin Passport’s two million customers. It will produce over 3 times the id proofs of Worldcoin, making Holonym the Sybil detection and decentralized fame chief.
Holonym CEO Shady El Damaty emphasised the necessity for privacy-focused digital id in present on-line interactions. He added that integrating Gitcoin Passport into human.tech is a big step towards digital human rights. This transfer additionally strengthens the idea of self-sovereign id.
Holonym Expands Digital Identification with Gitcoin Passport Deal
Gitcoin Passport Founder Kevin Owocki welcomed the transformation, attributing the acquisition as doubling down on the mission to create an id layer based mostly on privateness, belief, and decentralization. He added that the Human Passport will give customers extra rights over their knowledge whereas sustaining verifiable belief in Web3 interactions.
Gitcoin Passport has been on the middle of the blockchain ecosystem, offering fame instruments to over 110 companions and locking up over $200 million in airdrops. Using the Proof of Humanity Rating assisted in mitigating Sybil assaults, token allocations, and even offering help for self-sovereign id id techniques.
Alongside human. tech, the brand new Human Passport will add new zero-knowledge options to reinforce composite on-chain fame. By connecting Holonym’s Human community with the id blockchain of Gitcoin Passport, Web3 customers could have a single id that’s trusted but respects their privateness.
The Holonym Basis is searching for to safe human digital rights with an emphasis on knowledge management, safety, and privateness. Holonym builds safety and financial communication companies across the assemble of a digital persona based mostly on cryptographic belief. Holonym goals to create a greater and extra simply on-line world by aligning expertise with elementary human values. It ensures that technological progress respects and upholds these core ideas.