{"id":129736,"date":"2025-05-21T21:21:37","date_gmt":"2025-05-21T21:21:37","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129736"},"modified":"2025-05-21T21:21:37","modified_gmt":"2025-05-21T21:21:37","slug":"sam-altmans-world-raises-135m-from-andreessen-bain-to-expand-network","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129736","title":{"rendered":"Sam Altman&#039;s World raises $135M from Andreessen, Bain, to expand network"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsWorld, OpenAI CEO Sam Altman\u2019s digital identification project, raised $135 million from venture capital firms Andreessen Horowitz and Bain Capital Crypto, the company said in an announcement.<br \/>\nThe capital will be used to expand World&#8217;s network of iris-scanning orbs and infrastructure in the United States, where the company said in April it would operate in six cities, and increase coverage around the globe, according to the announcement.<br \/>\nMore than 12.5 million individuals in over 160 jurisdictions have been issued a World ID, the company said.<br \/>\nThe project, which collects biometric data from individuals to establish &#8220;proof of personhood,&#8221; faces regulatory headwinds and bans in several countries. Critics of the project say that offering financial incentives for biometric data violates informed consent, sparking a debate about the ethics of centralized digital ID systems and data privacy.<br \/>\nMajor components of an iris-scanning World orb visualized. Source: WorldRelated: Alarm bells ring in US over OpenAI\u2019s crypto project World<br \/>\nScrutiny of Worldcoin continues, more governments ban project<br \/>\nBrazil&#8217;s National Data Protection Authority (ANPD) in January ordered World to stop providing services in the country due to concerns that incentivizing biometric data collection via cryptocurrency payments violates informed consent.<br \/>\nThe ANPD upheld the decision to ban World in March, citing the company&#8217;s business model of offering cryptocurrency payments to users in return for their biometric data.<br \/>\nWorld faces fines of 50,000 Brazilian reais ($8,851) per day if it continues to operate in the country.<br \/>\nTranslated statement from Brazil\u2019s ANPD maintaining the World suspension. Source: Brazilian GovernmentIndonesia&#8217;s Ministry of Communications and Digital (Komdigi), a data and communication watchdog, suspended World&#8217;s business license on May 4 after accusing some of the company&#8217;s subsidiaries of failing to register as digital asset service providers under the Electronic System Operator Certificate Registration (TDPSE) framework.<br \/>\nKomdigi has launched an investigation into the project and will meet with representatives from the subsidiaries following the suspension to clarify the matter.<br \/>\nThe bans in both countries follow a December 2024 order from the Bavarian State Office for Data Protection Supervision (BayLDA), a German data protection regulator, demanding that World adhere to the European Union&#8217;s data protection standards by allowing individuals the option to easily delete their biometric data from the network.<br \/>\nMagazine: Worldcoin fined again! Crypto store clerk runs off with $500K cash: Asia Express<a href=\"https:\/\/cointelegraph.com\/news\/sam-altman-world-raises-135m-andreessen-bain-expand-network?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsWorld, OpenAI CEO Sam Altman\u2019s digital identification project, raised $135 million from venture capital firms Andreessen Horowitz and Bain Capital Crypto, the company said in an announcement. The&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129736"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129736"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129736\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129736"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}