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World Network, originally Worldcoin, is a for-profit cryptocurrency project that uses iris biometrics developed by San Francisco- and Berlin-based Tools for Humanity. Founded in 2019 by OpenAI chief executive Sam Altman, Max Novendstern, and Alex Blania, it has accumulated $250 million in funding from venture capital firms Andreessen Horowitz and Khosla Ventures, as well as from Reid Hoffman. Worldcoin's business is to provide a reliable way to authenticate humans online, which it calls World ID. It attempts to recruit new users to join its network by getting their iris scanned using Worldcoin's orb-shaped iris scanner in return for some WLD tokens. This has caused privacy concerns in multiple countries.