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

Apple stock soars after announcement of AI offerings

Apple shares surged to a new record, closing with a 7.3% increase, driven by positive reactions from Wall...

Forget Recall, Windows is already tracking everything you do

Microsoft has been dealing with a PR nightmare since the announcement of Copilot+ PCs, particularly due to concerns...

Is Oracle killing off MySQL?

Yesterday we covered a story about how Oracle was now cracking down on licensing Java, which started as...

Lynn Conway, revolutionized semi-conductor design: Passes away at 85

Lynn Conway, a trailblazing engineer and influential figure in chip design, passed away at the age of 86....

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