A Startup That Scans EyeBall and Gives Crypto Raised $25 M

American entrepreneur, the CEO of AI study and deployment company, OpenAI, Sam Altman presents a new startup, "WorldCoin" with two partners, Alexander Blania and Max Novendstern. The project gives a new type of crypto coin to every person. It needs to scan the people's eyeballs to provide a digital code through which they will be able to get the asset.

As Blommberg reports, lately, the project attracted $25 M from investors. Among them were Coinbase, LinkedIn co-founder Reid Hoffman, and Day One Ventures. Scanning will prevent attempts to trick the system and register more than one time, the Worldcoin team announced.
Worldcoin's testing has already launched in different cities. Volunteers can try eyeball scanning and share their opinion about the process.

As the new cryptocurrency can't be distributed yet, the company offers participants other digital coins, mostly BTC.

Related: Coinbase Plans to Launch a Crypto App Store

The scanning device is the size of a basketball and it is easy to move.

Sam Altman had the idea in 2019. He was a universal basic income theory that is meant to spread financial equitability. Altman was the first investor in the project. His role now is to serve as an adviser when necessary. Altman doesn't participate in daily operations.
WorldCoin is getting ready for an official launch. The headquarter will be in San Francisco.

The post "A Startup That Scans EyeBall and Gives Crypto Raised $25 M" appeared first on Blockchain Today.