How Worldcoin Wooed Investors to Inject $115M for an Ambitious Eye-Scanning Project 

• Worldcoin, co-founded by OpenAI CEO Sam Altman, secures $115 million from investors.
• The innovative crypto project relies on iris scanning technology for internet IDs.
• Worldcoin’s approach has encountered significant criticism from privacy advocates.

Worldcoin’s eye-scanning technology is raising eyebrows among the public, with many citing privacy concerns. These concerns are not shared by investors, which poured $115 million into Sam Altman’s company.

On Thursday, May 26, Spencer Bogart, CFA at Blockchain Capital, explained why his company led the $115 million funding round. He claimed that he was initially skeptical of the project, but has since changed his perspective.

“I thought Worldcoin was some dystopian Orwellian nightmare,” Bogart...