PANews reported on February 10 that according to Cointelegraph, the ZK digital identity project Holonym Foundation is expanding its network by acquiring the identity verification platform Gitcoin Passport. On February 10, Holonym announced that it had spent $10 million to acquire Gitcoin Passport to expand its decentralized identity (DID) tools as part of the Human.tech suite.
As part of the acquisition, Gitcoin Passport will be renamed Human Passport to better reflect its position as a proof-of-human (PoH) solution that allows individuals to verify their identity without revealing sensitive personal data. Passport is an authentication aggregator that allows users to collect "stamps" or verifiable credentials from various Web2 and Web3 validators such as Google or Holonym. It aims to protect user privacy and guard against Sybil attacks or hacking attacks that involve creating false identities to manipulate the network.
