VeryAI raises $10M for Solana palm identity

Grafa
VeryAI raises $10M for Solana palm identity
VeryAI raises $10M for Solana palm identity
Brie Carter
Written by Brie Carter
Share

VeryAI has raised $10 million in a seed funding round led by Polychain Capital to build a palm-scan identity verification system designed to distinguish real users from AI-generated accounts.

The startup records identity attestations on the Solana and aims to help crypto exchanges, fintech companies and online platforms address rising risks from bots, deepfakes and synthetic identities.

“We’re entering a period where the internet can no longer assume that every account, message, or video is created by a real person,”

Said VeryAI founder and chief executive, Zach Meltzer.

The platform uses a smartphone camera to scan a user’s palm and convert the image into an encrypted biometric signature that confirms a user is human without storing identifiable biometric data.

VeryAI said the scans are transformed into irreversible feature representations rather than stored images, preventing the original palm data from being reconstructed while allowing verification through zero-knowledge proofs.

The company said it is already working with organisations including MEXC, Colosseum, Clique and Talus as crypto exchanges and wallets begin integrating the system.

The funding round also included investors such as the Berggruen Institute and Anagram, while Anatoly Yakovenko joined the round as an angel investor as demand grows for proof-of-human identity systems in an AI-driven internet.

At the time of reporting, Solana price was $90.17.

Frequently asked questions

Connect with us

Grafa is not a financial advisor. You should seek independent, legal, financial, taxation or other advice that relate to your unique circumstances.

Grafa is not liable for any loss caused, whether due to negligence or otherwise arising from the use of or reliance on the information provided directly or indirectly, by use of this platform.