Delaware, United States, August 16th, 2024,
Chainwire
Led by Finality Capital and Paper
Ventures, with participation from Arrington Capital, Draper Dragon,
Lightshift, and others.
Holonym Foundation, an
organization building the next generation of digital identity
security for the decentralized web, is announcing the completion of
a successful $5.5 million seed funding round. The funding round was
led by Finality Capital and Paper Ventures, with significant
participation from Draper Dragon, Arrington Capital, Lightshift,
Zero Knowledge Ventures, Zero DAO, and other prominent
funds.
Shady El Damaty, Co-Founder of Holonym, said: "We’re
building core person-first principles into the technology we ship
out to the world. Our goal is to build a global open-source layer
that upgrades the abilities of each citizen with basic access to a
digital identity using cryptography to prove their
personhood."
“We can’t have self-sovereign control of our monetary
assets without self-sovereign identity. The Holonym foundation is
building critical middleware and applications that will make Web3
users the envy of Web2 users by giving them the power to own,
govern, and selectively share their data with strong privacy and
security guarantees. Holonym will be part of the solution to usher
in the next trillion dollars of assets into blockchain.’’, said
Kamal Mokeddem, GP of Finality Capital.
Cryptographic keys, or private keys,
run the web and secure every digital interaction on the internet.
But what if private keys could be built differently and in a more
sophisticated way? Human Keys completely change how private keys
are derived. Instead of creating private keys from random phrases,
Human Keys make humans into keys. This new framing shifts ownership
of digital assets from the holder of a random seed, to the human
that can uniquely prove their biometrics. Human Keys make the
ownership layers of the internet built on top more
consumer-friendly, decentralized, and secure.
Human Keys encompass three protocols
built by the Holonym Foundation, all having security and robust
data privacy systems as core principles:
- Mishti Network, a breakthrough threshold
entropy network that computes an Oblivious Pseudorandom Function
(OPRF) on biometric data.
- This allows humans to derive random secure keys that are hard
to steal, and it unlocks private homomorphic computation on
encrypted data, allowing untrusted third-parties to authenticate
users without ever seeing the underlying data.
- This is an Actively Validated Service (AVS) on Eigenlayer with
crypto economic mechanisms that leverage 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 pseudonymous Zeronym users around the world have
already unlocked these rights, proving their unique personhood,
residency, and other attributes to curate a rich digital reputation
that they alone own and control.
- Silk, a simple and elegant wallet user
interface for interacting with crypto protocols.
- Human Keys are made usable in the real world by the everyday
internet user with Silk.
- 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 biometrics, e.g. your face. It is about what
you have, what you know and what you are: your property, your
memory, and your body. On the current centralized web, we are
giving free ownership to our data. Web3 must be the space where we
provide robust data ownership and secure sharing of personhood, so
that nobody can own your data except you.’’
By granting every human in the world a
secure key that only they can hold and control, the Holonym
Foundation moves towards global digital inclusion, precisely at a
time when advancements in artificial
intelligence are poised to leave so many behind.
Shady El Damaty, co-founder of Holonym, says this is
just the start for the Holonym Foundation. “Human Keys will
redefine how citizens interact with the internet by limiting the
overreach of power and hardening individual rights with resilient
decentralized protocols built on Zeronym and Mishti
Network.”
Holonym Foundation is focused on
applied cryptography innovation that delivers solutions for
real-world problems.
About Holonym
Foundation
The Holonym Foundation’s mission is the
proliferation of Human Keys to make security and privacy more
usable in zero trust environments. Holonym Foundation has developed
infrastructure to allow anyone, anywhere, to create Human Keys with
Mishti Network, easily use them with Silk and privately prove facts
about their identity with Zeronym.
Holonym Foundation
Products
Mishti Network. A threshold network for zero
trust Human Key derivation. Create high entropy Human Keys from
private biometrics, passwords, security questions, or other
human-memorable data. Mishti also powers Zeronym’s programmable
privacy for on-chain private banking, payments, and other real
world regulated industries.
Silk. The human-friendly wallet for instant
onboarding. Use Human Keys with zero trust protocols to save, send
payments, access global internet finance protocols and manage your
private data. Silk is a protected self-custody wallet that can be
recovered without trusted guardians.
Zeronym. Proof of personhood and private
identity. Fast client-side privacy for identity verification,
supporting digital credentials from 180 countries. Use Human Keys
to prove any fact privately without revealing any information in
zero knowledge. Business can utilize Zeronym for privacy-preserving
KYC/AML with programmable privacy for on-going monitoring.
CONTACT &
SOCIALS
For PR enquiries users can contact
press@holonym.io
Users can stay connected with Holonym
Foundation and it’s Products:
🌐 holonym.id, mishti.network, silk.sc
✖️ X Holonym | Zer0nym | Mishti Network |
Silk
📲 Telegram Holonym Official | Mishti Network | Mishti Community | Holonym Dev Support
💼 Holonym Linkedin
✍️ Holonym Medium
📝 Holonym on Paragraph
🎥 Holonym YouTube
🎙️ Farcaster | holonym | zeronym | silkysignon
📝 Holonym on Discord
Contact
Press
Holonym
pr@holonym.io