"Worldcoin Raises $115M for Eye-Scanning Crypto Project"
Originally Published 2 years ago — by CoinDesk
Worldcoin, a project that aims to solve the problem of digital identity by scanning users' retinas and offering a form of universal basic income (UBI), has raised $115 million in venture capital. However, the project's lack of a clear tokenomic model and privacy risks have raised concerns. The company's representatives have been accused of using deceptive marketing practices and collecting more personal data than acknowledged, potentially violating GDPR and local laws. The project's reliance on an army of Orb Handlers to onboard customers means manipulations will inevitably continue, undermining Worldcoin's promise to solve digital identity.
