Worldcoin, a new crypto project, operates on the principle of proof-of-unique-personhood to prevent deep-fake bots. Despite rapid engagement, concerns about potential Orwellian surveillance and exposure of sensitive biometric data have arisen. Advocates argue that the collected data is converted to untraceable hash codes and no raw human data is stored. Ethereum founder Vitalik Buterin underscored the risk of centralized models not fully safeguarding data.
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The Worldcoin Enigma: A Revolution in Identity Protocol or a Privacy Nightmare?
Worldcoin, an innovative platform created by Sam Altman, promises to make cryptographic currencies more dispersed than Bitcoin. Boasting a unique identity protocol using iris scans and AI, it aims to onboard billions of users into crypto markets. However, concerns about privacy, tokenomics, and regulatory challenges have arisen, prompting questions about the future of such revolutionary blockchain projects.
Coinfund Exceeds $125M Initial Goal: Investor Confidence in a Bear Market
“Crypto-centric capital firm, CoinFund, recently surpassed its fundraising goal of $125 million, gathering $158 million from various investors. The firm plans to support innovative projects in the web3 ecosystem despite the challenging landscape of crypto technical and regulatory difficulties.”