Worldcoin and the Intellectual Decline of Venture Capital

To review, Worldcoin’s pitch is essentially twofold. At its core is The Orb, a device that scans the retinas of users, so they can later confirm their identity online. The Worldcoin token, in turn, is intended to be distributed as a form of “universal basic income” (UBI) and is currently being offered as an incentive for early eyeball-scan volunteers.

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• Source: https://www.coindesk.com/consensus-magazine/2023/05/26/worldcoin-and-the-intellectual-decline-of-venture-capital/?utm_medium=referral&utm_source=rss&utm_campaign=headlines