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Holonym Acquires Gitcoin Passport for $10M, Boosting Decentralized Identity
Generated by AI AgentCoin World
Monday, Feb 10, 2025 10:21 am ET1min read
The ZK Digital Identity project, Holonym Foundation, has made a significant move in the decentralized identity space by acquiring Gitcoin Passport for $10 million. This acquisition, completed at the end of 2024, is set to expand Holonym's Decentralized Identity (DID) tool as part of its Human.tech suite.
The Gitcoin Passport platform, known for its "proof of humanity" system, will now be integrated with Holonym's "human network." This combination leverages ZK technology to achieve privacy-centric on-chain reputation. The acquisition is expected to strengthen Holonym's position in the decentralized identity landscape, offering users a more robust and secure identity verification system.
Holonym's Human.tech suite is designed to provide a comprehensive set of tools for decentralized identity management. The acquisition of Gitcoin Passport is a strategic move that aligns with Holonym's mission to create a decentralized, privacy-focused identity ecosystem.
The integration of Gitcoin Passport's "proof of humanity" system with Holonym's "human network" is expected to enhance the overall user experience. By leveraging ZK technology, the combined platform will offer users a more secure and private on-chain reputation system, further cementing Holonym's position as a leader in the decentralized identity space.
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