Worldcoin Raises $115M in Series C Funding for Proof of Personhood Blockchain Technology

Worldcoin raises $115M in Series C funding for its proof of personhood technology

Key Points:

  • Worldcoin has raised $115 million in Series C funding to develop their proof of personhood blockchain technology.
  • The funding round was led by Blockchain Capital, which has previously invested in companies like Coinbase, Kraken, and OpenSea.
  • The technology uses a unique orb, equipped with cameras and software, that scans people’s irises to create a unique identity that can’t be duplicated by bots.
  • Worldcoin aims to provide a solution to the growing problem of bots and AI-generated identities online, enabling a more secure and trustworthy digital environment.

Final Thoughts:

Connie Loizos’ article describes Worldcoin’s latest funding round, which aims to develop its proof of personhood technology. With the rise of AI-generated identities online, Worldcoin’s technology could provide a secure and trustworthy solution to distinguish real humans from bots. Their unique orb technology, which scans a person’s iris, creates a unique identity that is difficult for bots to replicate. The $115 million investment from Blockchain Capital signifies a significant step toward the development of this innovative technology.

Original Article: https://techcrunch.com/2023/05/26/explaining-blockchain-capitals-big-bet-on-an-eyeball-scanning-orb/

See also  "Blink Introduces Blink Copilot: Generative AI for Efficient Security Operations Automation"

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Vasav Trehan
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Vasav is the brain behind Technifyed.com. His love for Technology and Programming led him to kick-start this flabbergasting website and his Instagram account @technifyedofficial. His motive is to Simply Tech for Everyone.

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