These vague, suspicious ambitions were enough to raise money at a $2.5 billion valuation from investors like Andreessen Horowitz, Bain Capital, and other funds backing blockchain companies. But now the company is reportedly downsizing as it struggles to create revenue.

In the U.S., companies like Tinder, Zoom, and Docusign have partnered on Altman’s side project. Internationally, Tools for Humanity has faced regulatory and ethical concerns. In Kenya, India, and Hong Kong, for example, people were offered the equivalent of $50 in Worldcoin in exchange for their biometric data. Kenya later banned World from operating in the country, citing privacy and financial concerns; meanwhile, South Korea fined the company $830,000 for allegedly violating local privacy law.

Who would’ve thought? People don’t feel great about giving their biometric data to a startup in exchange for $50 worth of crypto.

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