Humanity Protocol has successfully completed a $20 million funding round, co-led by Pantera Capital and Jump Crypto, resulting in a valuation of $1.1 billion. The protocol aims to enhance digital identity verification using palm scans, providing a decentralized solution that allows users to prove their humanity without disclosing personal information. This funding is expected to facilitate the mainstream adoption of its Proof of Humanity protocol, positioning it as a competitor to Worldcoin. The recent valuation reflects the increasing demand for secure digital identity solutions in the evolving Web3 landscape.