coinspress.com
Worldcoin, an innovative cryptocurrency project founded by Sam Altman, the CEO of OpenAI, is set to launch on Monday.
At the heart of the project lies its unique feature called World ID, an exclusive account accessible only to verified real humans. To obtain a World ID, interested customers must undergo an in-person iris scan using Worldcoin’s revolutionary ‘orb’—a silver sphere about the size of a bowling ball. Once the iris scan conducted by the orb confirms the individual’s authenticity as a real human, a World ID is created.
The company spearheading Worldcoin is Tools for Humanity, which operates from San Francisco and Berlin.
Having already amassed 2 million users during its beta phase, Worldcoin is gearing up for the official launch and expanding its “orbing” operations to 35 cities across 20 countries. As an incentive, users signing up in select countries will be rewarded with Worldcoin’s cryptocurrency token, WLD.
One significant aspect of World IDs is their integration with cryptocurrency blockchains, ensuring the preservation of privacy and preventing any single entity from controlling or shutting down the system. Co-founder Alex Blania stressed the importance of this feature in a statement to Reuters.
The project envisions World IDs as a crucial tool in the era of advanced AI chatbots like ChatGPT, renowned for their remarkably humanlike language generation. Using World IDs makes it feasible to distinguish between real individuals and AI bots online.
READ MORE: Unraveling China’s Economic Crisis: What’s Next?
Worldcoin has already gained recognition from Binance, the largest cryptocurrency exchange, with plans to list the new cryptocurrency. The anticipated trading commencement is scheduled for Monday
While Altman acknowledged that a UBI-driven society might be distant and uncertain, he believes that Worldcoin’s groundwork could pave the way for its realization. He expressed the need for experimentation to discover viable solutions.
Source: FT