OpenAI CEO Raises $115M for Controversial Crypto Project Using Iris Scanning

Worldcoin proposes scanning every adult's iris with a plastic orb to verify one's "personhood" and reward them with a crypto token in return.
Worldcoin's developer, Tools for Humanity, announced a $115 million Series C funding round led by Blockchain Capital, with other investors including a16z crypto, Bain Capital Crypto, and Distributed Global.
Worldcoin's long-term goal is to create a fully decentralized system, but the development of the project is now managed by Tools for Humanity, with plans to eventually spin out control to a nonprofit foundation.
Worldcoin's main challenge will be to convince billions of people to be scanned by its orb, and the main concern for onlookers is still privacy.
Worldcoin also faces regulatory challenges, with the project deciding not to launch its token in the U.S. as crypto legislation stalls.