Openai boss Sam Altman collects $ 100 million for the WorldCoin crypto project: FT

Openai boss Sam Altman collects $ 100 million for the WorldCoin crypto project: FT

According to the Financial Times, Worldcoin is in advanced talks on the procurement of fresh capital, since the start in the next few weeks is imminent. The project aims to use Iris scan technology to create a safe global cryptocurrency called Worldcoin.

The former investors of Worldcoin are the cryptofonds of Andreessen Horowitz, FTX founder Sam Bankman-Fried and the internet entrepreneur Reid Hoffman.

The company was founded in 2019 and works on digital identification technology using retina scanning balls.

In addition, a private token sale worth $ 100 million at the beginning of last year estimated the overall offer to Worldcoin tokens at $ 3 billion, the report added.

The start of Worldcoin is imminent

At the beginning of the year, Worldcoin claimed to have exceeded the mark of one million registrations and to have between 100 and 200 ORBs in operation at any time.

"It is a bear market, a crypto winter. It is noteworthy that a project is investing so much in this area," said an FT source that is close to the project.

According to the company, the balls “use the Iris' biometry to determine the unique personality of a person and then create a digital world ID that can be used in a variety of everyday applications without revealing the identity of the user.”

gm Miami! The ORB World tour has officially landed in Florida.

At the big opening @ThecanvasGlobal The latest independent web3- Digital Creator Gallery in Wynwood begins at 6:00 p.m. EST to check your world ID, learn more about the minutes and join the community! pic.twitter.com/osxmufluzd

- Worldcoin (@worldcoin) 13. May 2023

Users are entitled to free Worldcoin token as soon as their identity has been identified in the system.

The project was criticized for data protection problems in connection with biometric data. The company explained that it would not save any personal data from the Iris scan.

possible problems found

According to Techcrunch, hackers have already managed to install malware on devices of several Worldcoin ORB operators.

It was found that malware that steals passwords, such as the redline information stealer, steals some of the registration information stored in browsers, including registration data for the ORB operator app, it was said.

On May 11th, the Worldcoin Foundation announced its promise to support the Optimism Collective and to introduce the World ID system into the Optimism Ecosystem.

.