Worldcoin, a cryptocurrency project co-founded by OpenAI CEO Sam Altman, raises over 16 billion yen
The virtual currency project `` Worldcoin '', which was a hot topic in the `` Orb '' system that provides virtual currency instead of scanning human `` iris '' data, has received $ 115 million (about 16.1 billion yen) from venture capital and funds. announced that it has procured
TFH has closed our Series C led by
@blockchaincap .
In the age of AI, the ability to prove humanness in a privacy-preserving way is imperative. We look forward to building more tools and resources to help the Worldcoin project do just that. https://t.co/mLbCoSC9yA — Tools For Humanity (@tfh_technology) May 25, 2023
Sam Altman's Worldcoin Raises $115 Million in Round Led by Blockchain Capital - Decrypt
https://decrypt.co/142308/sam-altman-worldcoin-115-million-blockchain-capital
OpenAI CEO raises $115M for crypto company that scans people's eyeballs | Ars Technica
Tools for Humanity , a technology company co-founded and chaired by OpenAI CEO Sam Altman, has announced that the virtual currency project 'Worldcoin' has raised $ 115 million in a series C funding round.
Worldcoin is built around 'World ID' and 'World Token' and already has more than 2 million participants.
A distinctive feature is a system called “Orb” that provides tokens free of charge in exchange for scanning iris data. This system scans the iris data, generates a hash, and then discards the data, so it is explained that it will not be linked to the user account. Mr. Snowden has been criticized that ``the generated hash is unique to the scan data, and there is no meaning in disposing of the data.''
Mr. Snowden, a former NSA, criticized the system of ``scanning the human iris and providing virtual currency'' ``Do not catalog the eyeballs''-GIGAZINE
In addition, when scanning iris data in Indonesia, it was pointed out that the scan was performed without the person's understanding, without explaining in detail how the data would be used.
In response to criticism, Blockchain Capital, which led the funding round, explained, ``World ID is a privacy-preserving ID protocol that does not collect or store anyone's biometric information.'' While it is difficult to understand the value generated by identity verification protocols, as advances in AI make it difficult to distinguish between humans and bots, Worldcoin's iris data scanning 'Orb' is able to distinguish between humans and bots. I cited its advantage as an easily distinguishable tool. It also claimed that World ID would allow users to verify their status as an authenticated 'human' without revealing who they were, keeping their activities completely private.
Worldcoin - Proof of Personhood, World ID, and the Future of Crypto Onboarding - Blockchain Capital
Alex Brania, co-founder and CEO of Tools for Humanity, also said, 'The age of AI has arrived, and it is required to prove that you are human while protecting individual privacy. Prove that you are human. By doing so, we will ensure that everyone can enjoy the economic benefits that AI brings.'
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