VeryAI Raises $10 Million for Palm-Based Identity Verification on Solana
VeryAI Secures Funding for Biometric Identity Platform
VeryAI has raised $10 million in seed funding to build a palm-based identity verification platform on the Solana blockchain. The funding round was led by Polychain Capital, with participation from the Berggruen Institute, Anagram, and Solana co-founder Anatoly Yakovenko as an angel investor.
How the Technology Works
The platform uses a smartphone camera to scan a user's palm, generating an encrypted biometric signature. The original palm image is not stored, and the conversion process is irreversible, ensuring privacy. Zero-knowledge proofs enable users to verify their identity across platforms without exposing personal data. Identity attestations are recorded on Solana, eliminating the need for centralized data storage.
Addressing AI-Generated Identity Fraud
VeryAI's system targets the growing issue of AI-generated accounts, which are increasingly used in sybil attacks, reward farming, and impersonation scams. Palm biometrics were chosen for their distinctiveness and lower public visibility compared to facial features, reducing data exposure risks.
Industry Adoption and Broader Trends
VeryAI is collaborating with crypto exchange MEXC and platforms such as Colosseum, Clique, and Talus. Additional centralized exchanges and wallet providers are preparing to integrate the system. The launch aligns with broader trends in proof-of-human verification, as AI-generated identities become more sophisticated. Other projects, like Worldcoin and initiatives supported by Ethereum's Vitalik Buterin, are also exploring privacy-preserving verification methods.
- Seed funding led by Polychain Capital
- Palm biometrics for privacy and security
- Integration with exchanges and wallet providers
