Polychain led a $10 million raise for VeryAI, which is building a smartphone palm-scan biometric ID system on Solana to spot AI-generated accounts while preserving user privacy via onchain verification. The move could boost trust and onboarding in Web3 services.
Worldcoin (WLD) jumped about 40% after reports said a small team is building a social platform with OpenAI that would use ChatGPT for content and biometrics for proof-of-personhood. The story sparked speculative buying and renewed interest in identity-focused crypto projects.
Worldcoin has erased all biometric data it collected from Kenyan citizens after a Kenyan High Court ruled the iris-scanning program unlawful. The move follows legal challenges over consent and data protection tied to the project co-founded by Sam Altman.
Thailand’s data protection authority has ordered Worldcoin to suspend operations and delete collected biometric data after citing data breaches and concerns about iris-scanning practices. The move raises fresh regulatory pressure on the WLD token issuer.