Polychain Leads $10M Funding Round for VeryAI, Building Palmprint Recognition System on Solana

VeryAI recently announced the completion of a $10 million seed round led by Polychain Capital, aimed at launching a palmprint scanning authentication system to distinguish between genuine users and AI-generated accounts. The system utilizes smartphone cameras to capture palmprint images and convert them into encrypted biometric signatures. This process is used to confirm user identity without storing any identifiable personal data.

According to VeryAI, palmprint biometrics offer a high degree of uniqueness and are less susceptible to public exposure compared to facial features. Palmprint scans are converted into irreversible feature representations, rather than storing the original images, preventing the reconstruction of raw biometric data. VeryAI founder and CEO Zach Meltzer stated, "We are entering an era where the internet can no longer assume that every account, message, or video is created by a real person. Artificial intelligence is powerful, but it also breaks many of the trust assumptions upon which the internet was built." He pointed out that cryptocurrency platforms are particularly vulnerable to these risks, such as Sybil attacks during user registration, fake accounts engaging in token incentive mining, and impersonation scams targeting users and project communities. Meltzer revealed that VeryAI has already partnered with institutions such as MEXC, Colosseum, Clique, and Talus, with other centralized exchanges and wallets preparing to integrate the palmprint verification system. Other investors in this round include Berggruen Institute and Anagram. Solana blockchain co-founder Anatoly Yakovenko also participated as an angel investor. As artificial intelligence technology continues to evolve, blurring the lines between human and automated activity on the internet, some developers believe that blockchain-based identity systems may help rebuild trust in digital interactions.