OpenAI's Sam Altman Launches Worldcoin Crypto Project
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.
The Worldcoin project encompasses complex topics & technologies. The following resources offer a guide to understanding three of the project's most fundamental components.
— Worldcoin (@worldcoin) July 25, 2023
World ID:https://t.co/qEIZegKrEB
The Orb:https://t.co/waLHqdJdIg
World App: https://t.co/usFHJIIk2k
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.
Each World ID marble has its own distinctly original color composition.
— Worldcoin (@worldcoin) July 26, 2023
100% unique, just like each verified human. pic.twitter.com/1mCr7n8V1a
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.
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.