OpenAI CEO Sam Altman has secured $115 million in Series C funding for Worldcoin, a cryptocurrency project focused on the Worldcoin token and decentralized World ID. The project aims to distribute tokens based on individuals’ unique statuses, using iris scans for identity verification. However, privacy concerns and potential safety risks have drawn criticism.
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Raising $115M for New Anti-Bot Tech and UBI: Worldcoin’s Bold Vision Faces Privacy Concerns
Tools for Humanity has raised $115 million in series C funding for projects including an alternative to the CAPTCHA test and the Worldcoin project. The company aims to create efficient bot detection methods while addressing concerns over privacy in their “Proof of Personhood” retina scan verification process.
Worldcoin’s $100M Investment: Financial Inclusion vs Biometric Data Privacy Concerns
Sam Altman’s Worldcoin, an ambitious crypto project aiming for financial inclusion and universal basic income implementation, is near securing $100 million in investments. However, concerns regarding data privacy and ethical implications of collecting biometric information raise questions on striking a balance between goals and potential risks.
Worldcoin’s Billion-Dollar Valuation: Crypto Utopia, Privacy Risk, or Both?
Worldcoin, the crypto project led by OpenAI CEO Sam Altman, aims to raise $100 million in a new financing round, attracting investors with its vision of a universal digital currency distributed fairly using biometric iris scans. Despite controversy and concerns, Worldcoin continues gaining momentum in the crypto community.