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Holonym Acquires Gitcoin Passport for $10M to Expand Digital Identity Solutions

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#DeFi
Cointelegragh
557Words
Feb 10, 2025

Holonym Foundation, a zero-knowledge digital identity project, has acquired Gitcoin Passport for $10 million to expand its decentralized identity tools. The acquisition, finalized in late 2024, will integrate Gitcoin Passport's proof-of-humanity system with Holonym's Human Network, enhancing privacy-focused onchain reputation. The rebranded Human Passport will offer identity verification globally, safeguarding user privacy and protecting against fake identities. Holonym aims to provide accessible verification methods, including an anonymous biometric method for displaced populations. This move signifies growing competition in the digital identity industry, with Holonym positioning itself as a leader in both identity and wallet solutions.

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