Holonym Foundation, a prominent platform offering privacy and security solutions concerning the decentralized web has recently acquired a Web3 identity validation aggregator Gitcoin Passport. The acquisition focuses on developing the world’s biggest Proof of Humanity solution. The platform provided the details of this development on its official web portal.
Holonym Foundation Acquires Gitcoin Passport, Establishing Biggest Proof of Humanity Platform
Holonym Foundation’s move to acquire Gitcoin Passport focuses on elevating its reputation in the provision of privacy-preserving services. This acquisition will merge the reliable identity verification portal of Gitcoin Passport with the Human Network. For this purpose, it will integrate the Human Key technology thereof. As a part of this acquisition, Holonym Foundation is rebranding Gitcoin Passport as Human Passport. The new name reportedly better represents the status of the platform as a Proof of Humanity solution. It enables people to validate their identity while preserving their sensitive personal data.
Fortifying Digital Rights of Users
Shady El Damaty, the co-founder and CEO of Holonym Foundation, also commented on this development. As per the executive, the digital identity lets individuals control data and preserves privacy, denoting the online interactions’ future. Hence, the integration of Gitcoin Passport along with the release of human.tech signifies a huge jump in strengthening digital rights. Human Passport will work as a Proof of Humanity protocol to reform the digital identity realm. It also provides Web3 consumers the capability to matchlessly control online authentication and data.
Gitcoin Passport Prioritizes Human Privacy
Kevin Owocki, the founder of Gitcoin Passport, highlighted the endeavors of the platform to fortify individuals by providing tools to express their human-ness. As per Owocki, the platform enables this while preserving the privacy of the users. In this respect, human.tech evolves passport into something more significant. Hence, it operates as an identity layer to champion human privacy. The respective transition reportedly solidifies the mutual intention of Gitcoin Passport and Holonym Foundation to create decentralized and open systems to serve people.
Rebranding Gitcoin Passport as Human Passport
According to Holonym Foundation, with its acquisition, Human Passport is rebranding as the Human Passport. Hence, its service will be improved with the inclusion of zero knowledge ability. This will make it a crucial tool within the human.tech suite. The reliable humanity proofs of Gitcoin Passport will integrate with the Human Network of Holonym Foundation. As a result of this, they will strengthen web consumers to leverage a broader identity solution that prioritizes privacy.
