More Than 100,000 Human Eyes Scanned for Free Cryptocurrency

Share post:

130,000 people have signed up for a project to have their eyes scanned in exchange for a free cryptocurrency.

Known as Worldcoin and built on Ethereum’s blockchain and set to debut early next year, the project’s developers distributed about 30 iris-scanning hardware devices known as “orbs” to early users.

The scanning hardware takes photos of a user’s eyeballs and creates a unique code that can be used to claim free digital tokens.

While the team behind Worldcoin has raised $25 million in venture capital, it plans to spend a total of 10 billion tokens, 80 percent of which will go to users, 10 percent to the company’s investors, and another 10 percent to the foundation responsible for making the orbs and developing the network.

Alex Blania, who clarified whether the orbs used would invade users privacy, denied those reports , stating that the orb converts iris scans into unique letters and numbers before permanently erasing the images. Additionally, they further noted that the code obtained is only used to verify whether a user has already claimed a share of the Worldcoin tokens.

For more information, read the original story in Arstechnica.

SUBSCRIBE NOW

Related articles

Tesla’s Optimus Robot Production Stopped Chinese Rare Earth Restrictions

Tesla’s ambitious plans to mass-produce its Optimus humanoid robot have hit a significant roadblock: China’s tightening grip on...

Hertz Data Breach Exposes Customer Information via Supply Chain Hack

Hertz has disclosed a data breach resulting from a cyberattack on its vendor, Cleo Communications, which compromised sensitive...

ChatGPT’s New Memory Feature Remembers Past Conversations for Personalized Interactions

OpenAI has upgraded ChatGPT with a long-term memory feature, enabling the AI to recall previous conversations and provide...

AI Vibe Coding Explained: The Future of Programming?

JOIN OUR DISCORD CHANNEL https://discord.gg/4uwxk6TN6r Support us at: buymeacoffee.com/techpodcast Discover how "AI Vibe Coding" is revolutionizing programming in our...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways