Sam Altman's crypto project Worldcoin, which aims to create a global identification system using iris scans to provide access to a free global currency, is close to raising around $100 million in funding. Worldcoin was founded in 2019 by Altman and Alex Blania but has kept a low profile compared to OpenAI. The company plans to use iris scanning orbs to establish individuals' digital identities which can then be used pseudonymously to receive free Worldcoin tokens. However, critics have raised privacy concerns about the biometric scanning and potential risks. Worldcoin claims the orbs will not store iris scans or harm users' eyes. The company is now gearing up to launch its blockchain protocol within the next six weeks.
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OpenAI’s Sam Altman nears $100mn funding for Worldcoin crypto project
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