A cryptocurrency project Worldcoin, founded by OpenAI CEO Sam Altman, launches on July 24.
The main feature of the initiative is its World ID, an account that can only be obtained by real humans. By scanning the customer’s eyeball with Worldcoin’s “orb,” a silver ball roughly the size of a golfing ball, it allows consumers to give cryptocurrency tokens as gifts. The scan establishes “humanness” and generates a World ID.
Sam Altman, who is now well-known for his work with ChatGPT creator OpenAI, founded Worldcoin in the year 2020. Alex Blani is the main force behind Worldcoin at the moment. Until it reaches its final level of decentralization, Blani is the CEPO of Tools for Humanity, the company that is developing Worldcoin.
With Monday’s launch, Worldcoin is extending its ‘orbing’ operations to 35 cities in 20 nations, bringing the project’s 2 million users up to date. Until they have access to the orb, other users may secure their tokens by installing the company’s app. Those who register in particular nations will receive the WLD cryptocurrency token from Worldcoin as an incentive.
According to co-founder Alex Blania, the cryptocurrency component of the World IDs is crucial because cryptocurrency blockchains can store the World IDs in a way that maintains anonymity and cannot be controlled or shut down by any one party.
According to the initiative, World IDs will become more important when generative AI chatbots like ChatGPT, which produce surprisingly human-like language, become more prevalent. Besides, World IDs will be used to distinguish between actual individuals and AI bots.