Finally, regulators will come to this project.
Britain's data regulator will examine Worldcoin, a project by OpenAI CEO Sam Altman where users provide their iris scans in exchange for a digital identification and free cryptocurrency.
https://www.reuters.com/technology/uk-data-watchdog-make-enquiries-worldcoin-crypto-project-2023-07-25/There are many things that need clarification, especially the purpose of obtaining and storing Irish data. This kind of data is really important for the future. Irish can potentially be exploited. That's why regulators is now coming to examine this project.
I do agree with all of things that have become the main concerns from this guy
https://twitter.com/zachxbt/status/1683512389105229825that makes sense for the regulators to examine it to know the potential risk owned by that project.
Great news in my opinion. Not because my wishes for Worldcoin is bad but it's the fact that too much power is being put in the hands of a single individual and he currently monopolizes it all. With the heavy data mined for the ChatGPT/GPT/OpenAI, it's unfair that the same individual is gathering iris scans of people into one huge db which he would obviously be the one to control all these data.
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Look at how much token owned by the team. I don't even know why so many venture capitals were investing in this shit. Irish scanner is not something new in this world.
First time hearing about this project as there are plenty out there to follow everything. Since you mentioned that many venture capitals are invested in this shitcoin may be they are laundering money with the coin or some shady business going on to have this much interest in coins like these just like the multiple meme shit coins that came into existence with the support of big exchanges.
The funniest of it all is that they pride themselves on being a project for the community but only VCs were able to participate in their token sale rounds.