Tag

Eyeball Scanning

All articles tagged with #eyeball scanning

technology2 years ago

"Worldcoin Introduces Revolutionary Eyeball-Scanning Orb, Taking Silicon Valley by Storm"

Silicon Valley-based company Worldcoin has developed silver orbs equipped with eyeball-scanning cameras to authenticate individuals in the age of artificial intelligence. The project aims to solve the "proof of personhood" problem in cryptocurrency by verifying that users are not impersonators or bots. While supporters believe iris scans could be used for various purposes, such as logging into online accounts and voting, concerns about privacy and data security have been raised. Worldcoin's strategy of offering cash incentives for iris scans in developing countries has also drawn scrutiny, leading to investigations by authorities in Kenya, the European Union, and the United Kingdom. Critics question the project's objectives and warn of potential risks associated with storing and potentially re-creating individuals' iris data.

cryptocurrency2 years ago

Sam Altman's Worldcoin Launches Global Crypto Project with Eye-Scanning Technology

Worldcoin, the eyeball-scanning crypto startup founded by Sam Altman, has launched its services globally to build a reliable solution for distinguishing humans from AI online, enable global democratic processes, and increase economic opportunity. The startup has raised $250 million in funding and is backed by prominent investors. Users can download the World App and visit an Orb, an eyeball-scanning verification device, to receive their World ID. However, the project has faced criticism for exploitative practices in poor countries. Worldcoin aims to fortify incentive strategies, combat bots, and facilitate global democratic governance. The startup is holding 20% of its tokens and has capped the total supply at 10 billion. The maximum circulating supply at launch is 143 million tokens.

cryptocurrency2 years ago

OpenAI CEO's Worldcoin Crypto Project Raises $115M

Worldcoin, a crypto coin project co-founded by OpenAI CEO Sam Altman, has raised $115 million in Series C funding for its "World ID" system that involves scanning users' eyeballs to establish their unique personhood. The funding was led by Blockchain Capital, Andreessen Horowitz's crypto fund, Bain Capital Crypto, and Distributed Global. Worldcoin's World ID system aims to become the world's largest and most inclusive identity and financial network, built around the Worldcoin token. The company offers a World app for iOS and Android, which allows users to set up their Worldcoin account and access a digital wallet connected to various digital and traditional currencies.