A16z, Bain Capital Crypto and Distributed Global also participated in the round.
“As we enter the era of AI, it is critical that people can maintain privacy. In doing so, we can ensure that everyone can benefit financially from AI,” said Alex Blania, CEO and co-founder of Tools for Humanity.
Sam Altman, who is also the CEO of OpenAI, is preparing to launch Worldcoin in the next few weeks.
He plans to use eyeball scanning technology to create a global identification system that can be used to gain free access to his own Worldcoin cryptocurrency.
Worldcoin has already been criticized on a number of issues, primarily because biometric scanning poses privacy risks. The website claims that the company won’t store iris scans and that the device won’t harm users’ eyes.
Meanwhile, users from China, who are banned from registering with the Worldcoin crypto project, have resorted to buying biometric data from third parties in Africa in the hope of receiving bonuses once the project launches.