Sam Altman, the founder of OpenAI, has officially launched Worldcoin, a crypto project that aims to provide a unique digital identity to individuals through eyeball scanning.

Worldcoin is part of the Tools for Humanity company, co-founded by Altman and Alex Blania. The project includes World ID, a digital identifier for verifying a person's uniqueness, World App, a World ID-compatible app, and a Worldcoin (WLD) token.

The distinctive feature of Worldcoin is its method of token distribution. Individuals who undergo iris scanning using a device called Orb will receive 25 tokens each. The company has partnered with national operators in various countries to facilitate the issuance of World ID. The goal is to combat global poverty by providing access to financial instruments for those who are currently excluded from traditional banking services.

Worldcoin's protocol ensures the confidentiality of biometric data, and it is designed to verify users' identities for a wide range of everyday applications without revealing personal information.

Robinhood Released Its Crypto Wallet to 2 Million Waitlisted Users

Robinhood claims that its wallet gives customers full access to their cryptocurrency and the ability to participate in the crypto ecosystem, such as leaving tips on social media, paying for NFTs, and more with no withdrawal fees.

Recorded News — Tech NewsBradley Rhodes

Worldcoin has already signed up over 2 million users for its identity verification process. The total supply of WLD tokens is capped at 10 billion, with 80% allocated for users and the ecosystem, and 20% for the team and investors.