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/
