Sam Altman’s Eyeball-Scanning Crypto Project Worldcoin Is Having An Identity Crisis

Is it a crypto company? A biometric authentication platform? A “human economic system”? Inside Worldcoin’s struggle to find itself.“Beverly” stared into the orb, the machine continued to malfunction. The spartan silver sphere, which scans eyeballs for Sam Altman’s cryptocurrency project Worldcoin, had failed to record her iris despite several attempts.

In Beverly’s case, the machine repeatedly struggled to make the scan, commanding her to “Open your eyes,” in a robotic female voice, two people with knowledge of the incident told. The prompt elicited laughter from the throng of coworkers gathered. Beverly, who is Asian American, laughed alongside them.that while it was amusing to some, it “was found very unfunny by those who are Asian.” Beverly didn’t respond to requests for comment.

For a company whose business is identity, Worldcoin has been grappling with an identity problem. The issue has played out literally in technological struggles like the Asian eyes incident, but it has also manifested in a larger conundrum: As the crypto market has crumbled—devastated in part by the disgraced crypto exchange FTX, founded by Sam Bankman Fried, who once invested in Worldcoin—the company has been struggling to define its purpose.

“Strained systems, technologies and intermittent delays were an unfortunate but practical byproduct of this surge in global demand coinciding with the complex transition to production systems,” Blania said in a statement. “The project has taken steps to ensure that the technical challenges experienced at launch have not negatively impacted some of the earliest Worldcoin users. He added that it had extended some deadlines for users to claim their token allotments.

But behind closed doors, even Altman has conceded Worldcoin hasn’t been able to explain what it will be in the end. “We don't seem to have quite nailed that yet. Which is fine—it's hard and it's really new,” he said last May at a companywide summit in Cancun, according to audio obtained by.

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