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Orb

All articles tagged with #orb

cryptocurrency2 years ago

OpenAI CEO Sam Altman secures $100M for eye-scanning Worldcoin crypto project.

OpenAI CEO Sam Altman has raised nearly $100 million for his new cryptocurrency project, Worldcoin, which will use an imaging device called the "Orb" to scan users' iris patterns for biometric verification. Worldcoin aims to distribute its crypto token globally and freely to users who sign up for a wallet, with the hope of incentivizing adoption by giving away free coins. The Orb will prevent users from holding multiple World IDs, and users are not required to share personal information other than their iris scans. Worldcoin plans to launch in several weeks and begin recording transactions in the next six weeks.

cryptocurrency2 years ago

OpenAI CEO Sam Altman secures nearly $100M for Worldcoin crypto project.

OpenAI CEO Sam Altman has raised nearly $100 million for Worldcoin, a global cryptocurrency that offers free crypto in exchange for a scan of users' eyeballs using the Orb, a camera that takes photos of people's irises and turns the image into a hash code. The funds will be used to advance Worldcoin's proof-of-personhood verification, which is still in beta. The investment was made at a $1 billion valuation, with participation from Andreessen Horowitz, Khosla Ventures, Coinbase, Day One Ventures, and Variant Fund's Jesse Walden. Among Worldcoin's angel investors are Sam Bankman-Fried and Reid Hoffman.