World, Openai CEO Sam Altman’s Digital Identification Project, raised $ 135 million from venture capital firms Andreessen Horowitz and Bain Capital Crypto, the company told a announcement.
Capital will be used to expand the world of the world of iris-scan orbs and infrastructure in the United States, where the The company said in April it would run in six citiesand increase the scope worldwide, according to the announcement.
More than 12.5 million individuals in more than 160 constituents were issued by a World ID, the company said.
The project, which collects biometric data from individuals to promote the “proof of personality,” faces headwinds of regulation and prohibition in some countries. Project critics say that financial incentives for biometric data violating the informed consentSparking a debate about the ethics of centralized digital ID systems and data privacy.
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WorldCoin’s investigation continues, more governments prohibiting the project
Brazil’s National Data Protection Authority (ANPD) in January ordered the world to Stop providing services to the country Due to concerns that motivate the collection of biometric data through cryptocurrency payments violates informed consent.
The Anpd Promote the decision To ban the World in March, citing the company’s business model that offers cryptocurrency payments to users in exchange for their biometric data.
The world faces a fine of 50,000 Brazilian Reais ($ 8,851) per day if it continues to work in the country.
Ministry of Communication and Digital (Komdigi) of Indonesia, a communication data and guardian, The world’s business license has been suspended On May 4 after accused of some of the company’s subsidiaries failing to fulfill as digital asset service providers under the framework of the electronic system operator Certificate Registration (TDPSE).
Komdigi launched a project investigation and would meet with representatives from subsidiaries following the suspension to clarify this matter.
Bans in both countries follow a December 2024 order From the Bavarian State Office for Data Protection Supervision (BAYLDA), a German data protection regulator, which demands that European Union’s data protection standards comply with the world by allowing individual choices that Easily delete their biometric data from the network.
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