Human Protocol (HMT) token has been making waves in the crypto market, with a 175% increase in value recently. This blockchain-based project, which addresses identity verification and data privacy concerns, reached unicorn status in May with a $1 billion valuation. Thanks to a $30 million seed round led by Kingsway Capital, Humanity Protocol has been able to expand its team and develop new products in preparation for the public testnet launch in the second half of 2024.
Investors in Humanity Protocol include big names like Animoca Brands, Blockchain.com, Hashed, and Shima Capital. The project has also received strategic investments to build the “human layer” for web3 from VC funds and individuals such as Polygon founder Sandeep Nailwal and Animoca Brands co-founder Yat Siu.
On the other hand, Ski Mask Dog (SKI) has seen a surge in popularity and value, with a 129% increase in its price. Built on Base, a Layer 2 blockchain by Coinbase, SKI has gained attention for its community-driven approach and has shown resilience during market dips. The coin was revived by its dedicated community after being abandoned by its developer and has gained endorsements from notable figures like Base’s creator Jesse Pollak and singer Camila Cabello.
SKI’s market cap has surpassed $30 million, with daily trading volumes of $2 million, indicating its growing traction in the market. The coin’s grassroots marketing efforts and community engagement have played a significant role in its success, with memes and social media campaigns contributing to its popularity. Ski Mask Dog exemplifies the trend of “social-first” meme coins that prioritize community involvement over traditional development strategies.
