Worldcoin: OpenAI’s CEO Enters the Cryptocurrency Space with a Bang
Sam Altman, the CEO of OpenAI, along with two co-founders, officially launched the Worldcoin crypto project on Monday, with the primary goal of providing users with a verified digital identity and access to a financial network, according to AFP.
In a statement on Worldcoin’s website, the Worldcoin Foundation announced the launch of the project, co-founded by Sam Altman, Alex Blania, and Max Novendstern, stating that Worldcoin is now live.
Worldcoin’s unique feature is the provision of a private digital identity called a “World ID.” To obtain this identity, individuals must register in person, where their iris pattern is scanned using an “Orb” imaging device to verify their authenticity as a genuine and distinct person, as mentioned in Worldcoin’s statement.
The founders emphasized that verified private digital identities will play a crucial role in distinguishing humans from AI in online interactions.
Alongside the digital identity aspect, the company also introduced its Worldcoin token, a cryptocurrency that can now be transacted on the blockchain in specific locations, making it available to millions of participants who took part in the beta phase.
Worldcoin’s grand vision, as stated on its website, is to establish the “world’s largest identity and financial public network.”
In a letter posted on Twitter, Altman and Blania expressed their belief that Worldcoin could significantly increase economic opportunity, provide a reliable solution for distinguishing humans from AI online while preserving privacy, enable global democratic processes, and potentially pave the way for AI-funded universal basic income.
