OpenAI CEO Secures $100 Million for Ambitious Crypto Project: Eye Scanning Technology to Play Key Role

Nonetheless, not everyone is enthusiastic about the concept. In 2021, renowned US whistleblower Edward Snowden raised concerns about Worldcoin, highlighting the creation of a global iris scan database, where scans would be stored as hashes for future matching.

Worldcoin, however, assures users that it does not retain eye scans and emphasizes the safety and harmlessness of the scanning device for individuals’ irises. According to sources familiar with the matter, the company is currently in advanced discussions to secure additional funding as it prepares for an imminent launch in the coming weeks.