Finance:Worldcoin
Worldcoin is an iris biometric cryptocurrency project developed by San Francisco and Berlin-based Tools for Humanity. Founded in 2019 by OpenAI chief executive Sam Altman, Max Novendstern, and Alex Bania, it is backed by VC Andreessen Horowitz.[1][2][3][4][5] Worldcoin's hopes to provide a reliable way to authenticate humans online,[6] to counter bots and fake virtual identities facilitated by artificial intelligence. Using a distribution mechanism for its cryptocurrency similar to UBI, Worldcoin attempts to incentivize users[7] to join its network by getting their iris scanned using Worldcoin's orb-shaped iris scanner.[8]
In April 2022, a report from MIT Technology Review highlighted Worldcoin's controversial practices in low-income countries, citing that Worldcoin takes advantage of impoverished people to grow its network.[4]
In May 2023, TechCrunch reported that hackers had been able to steal login credentials of several of Worldcoin's iris-scanning operator devices.[9]
References
- ↑ Aless, |; Mascellino, ro (2023-02-13). "Iris biometrics crypto project Worldcoin reportedly looks for $120M investment | Biometric Update" (in en-US). https://www.biometricupdate.com/202302/iris-biometrics-crypto-project-worldcoin-reportedly-looks-for-120m-investment.
- ↑ Loizos, Connie (2023-03-08). "Worldcoin, co-founded by Sam Altman, is betting the next big thing in AI is proving you are human" (in en-US). https://techcrunch.com/2023/03/07/worldcoin-cofounded-by-sam-altman-is-betting-the-next-big-thing-in-ai-is-proving-you-are-human/.
- ↑ Sethi, Richard Nieva, Aman (2022-04-21). "Worldcoin Promised Free Crypto If They Scanned Their Eyeballs With “The Orb.” Now They Feel Robbed." (in en). https://www.buzzfeednews.com/article/richardnieva/worldcoin-crypto-eyeball-scanning-orb-problems.
- ↑ 4.0 4.1 Guo, Eileen; Renaldi, Adi (2022-04-06). "Deception, exploited workers, and cash handouts: How Worldcoin recruited its first half a million test users" (in en). https://www.technologyreview.com/2022/04/06/1048981/worldcoin-cryptocurrency-biometrics-web3/.
- ↑ https://www.wired.com/story/get-free-crypto-orb-scans-eye/
- ↑ Pandolfo, Chris (May 16, 2023). "OpenAI CEO Sam Altman raises $100M for Worldcoin crypto project, which uses 'Orb' to scan your eye: report". https://www.foxbusiness.com/markets/openai-ceo-sam-altman-raises-100m-worldcoin-crypto-project-uses-orb-scan-eye.
- ↑ "How the Launch Works". https://worldcoin.org/blog/worldcoin/how-the-launch-works.
- ↑ "Opening the Orb: A look inside Worldcoin’s biometric imaging device". https://worldcoin.org/blog/engineering/opening-orb-look-inside-worldcoin-biometric-imaging-device.
- ↑ Page, Carly (May 12, 2023). "Hackers stole passwords of Worldcoin Orb operators". https://techcrunch.com/2023/05/12/hackers-stole-passwords-of-worldcoin-orb-operators/.
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