Worldcoin, the crypto coin that scans eyeballs to identify users and determine their interests, has raised $115 Million from a company co-founded with OpenAI CEO Sam Altman. “to establish an individual’s unique personhood.” Altman, who is also the co-founder and Chairman of ChatGPT, GPT-4 and Altman Inc. Tools for HumanityA company that develops technology for the Worldcoin project.
Tools for Humanity announced today that it has received $115 million from Blockchain Capital, Andreessen Horowitz’s crypto fund Bain Capital Crypto and Distributed Global. Blockchain Capital has said that Worldcoin is a good investment. “World ID” A system that uses eyeball scanning will help applications distinguish between bots (robots) and humans.
Worldcoin
“Worldcoin strives to become the world’s largest and most inclusive identity and financial network, built around World ID and the Worldcoin token—a public utility that will be owned by everyone regardless of their background or economic status,” The press release of the crypto company’s funding said:
Worldcoin offers a variety of currencies. World App iOS and Android devices are compatible with the following apps: “allows a person to set up their Worldcoin account and access a digital wallet connected to Worldcoin, Bitcoin, Ethereum and other digital and traditional currencies including stablecoins,” The company claims
Anyone who registers for a World ID will be required to scan their eyeballs. It requires you to go to a physical place and use your eyes with a device known as an “Orb” To verify that you are real.
“The Orb uses iris biometrics to establish an individual’s unique personhood, then creates a digital World ID that can be used pseudonymously in a wide variety of everyday applications without revealing the user’s identity,” Worldcoin is a cryptocurrency.
Limited availability of the Orb
According to the company, users can use the World app without registering for a World ID. Worldcoin claims that those who sign up for a World ID also get some free Worldcoin tokens, as well as some bitcoin and ether currency.
Worldcoin tokens and Worldcoin are still in beta. “not intended to be available to people in the United States or other restricted territories,” a Project FAQ says. World IDs are available to US residents, but the app states that Orbs have not yet been released in the United States.
“We’re working hard to bring Orbs to every country in the World,” The app tells you if you are in one of the unfortunate countries that lack Orbs.
Orb hardware is set to be displayed in some US cities over the next few months, even though Worldcoin claims that its tokens won’t be available in the US. The company Orb “tour” In which “Worldcoin Orbs will be available for a limited time” From May through July, Berlin, Dubai London, Mexico City Miami New York City San Francisco Seoul Tokyo and Tokyo.
Investor: Worldcoin does not represent a cryptocurrency. “dystopian nightmare”
In a release, Tools for Humanity announced the new funding. “will accelerate TFH’s continued R&D and growth, enabling it to support the expansion of the Worldcoin project and to further develop World App, the first wallet for the Worldcoin ecosystem.”
Spencer Bogart, general partner at Blockchain Capital and a defender of Worldcoin’s privacy and security against criticisms received by the project. “I thought Worldcoin was some dystopian Orwellian nightmare, then our team invested hundreds of hours evaluating what the project’s contributors have actually built and I completely changed my mind,” Bogart Twitter.
Bogart claimed that “Worldcoin is quite likely the single most misunderstood project in all of crypto,” Noting that “first glance, it appears to be a noxious combination of hardware, biometrics, crypto and AI.”
The following are some of the ways to get in touch with each other “in reality,” Bogart: “Worldcoin’s World ID is the most compelling solution we’ve seen” to a decades-old problem. “In short, Worldcoin has a unique opportunity to establish and scale a new privacy-preserving primitive for the Internet (World ID) that enables any application to easily distinguish between machines (bots) and humans.”
Blockchain Capital announced on its website You can find out more about this website at The following are some examples of how to use “World ID empowers individuals to verify their humanness online while maintaining anonymity through zero-knowledge proofs. Verification is as simple as clicking a button to sign a transaction.”