Worldcoin: Selling Your Eyeballs for a Digital Identity – Is It Worth the Privacy Cost?

Worldcoin, co-founded by OpenAI CEO Sam Altman, is creating biometric digital identities ('World IDs') by scanning users' irises. While aiming to combat fake online accounts in the age of AI, the project has raised significant ethical and privacy concerns. The company has been criticized for using financial incentives to collect biometric data in regions with weaker legal protections, leading to investigations and penalties from multiple regulatory bodies. Worldcoin's partnerships with major corporations threaten widespread adoption of World ID across various sectors, raising serious data security and privacy invasion concerns. Its business model itself is highly questionable.