A cryptocurrency project, Worldcoin, founded by none other than OpenAI CEO Sam Altman, takes the stage with its grand launch today.
At the core of this ambitious project lies the “World ID,” a unique account exclusively attainable by genuine humans.
The process of acquiring a World ID is quite extraordinary; users must undergo an in-person iris scan using Worldcoin’s enigmatic “orb,” a striking silver ball roughly the size of a bowling ball.
Once the orb’s cutting-edge iris scan validates the individual as being human, a World ID is generated. Behind this audacious project stands “Tools for Humanity,” a company responsible for great accomplishments.
Worldcoin Is Making Giant Strides
With a staggering 2 million users already onboarded during its beta phase, Worldcoin is poised for rapid expansion, gearing up to initiate “orbing” operations in 35 cities across 20 countries.
As an enticing incentive, early adopters from select countries will receive Worldcoin’s cryptocurrency token, aptly named WLD.
The cryptographic essence of the World IDs bears immense significance. By storing these unique IDs on cryptocurrency blockchains, Worldcoin ensures privacy preservation and resists control or shutting down by any single entity.
Co-founder Alex Blania highlights the critical role of World IDs in an age dominated by generative AI chatbots like ChatGPT, capable of producing remarkably human-like language.
These World IDs could prove instrumental in discerning real individuals from AI bots in the virtual realm.
The renowned cryptocurrency exchange, Binance, has expressed its support for Worldcoin and intends to list it, with trading tentatively scheduled to commence today at 0900 GMT.
For Sam Altman, Worldcoin’s mission extends beyond revolutionizing the cryptocurrency landscape.
He sees the potential of generative AI reshaping the economy, leading to discussions on universal basic income (UBI), a social benefits program entitling every individual to regular payments.
Altman believes that as AI increasingly replaces human labor, UBI could serve as a remedy for income inequality.
By utilizing World IDs to authenticate genuine recipients, UBI deployment could be safeguarded against fraudulent activities.
While Altman acknowledges that a world with widespread UBI may lie in the distant future, he sees Worldcoin as a pioneering initiative, setting up the groundwork for such disruptive ideas to materialize.
With a fervent desire to experiment and explore possibilities, Altman envisions Worldcoin as a catalyst for shaping a future that optimizes the potential of generative AI while addressing the profound implications it holds for the economic landscape.
As Worldcoin’s journey unfolds, it emerges as a potent force, fusing the realms of cryptocurrency, AI, and social progress.
With Sam Altman at the helm, the world is poised to witness the outcomes of this audacious endeavor as it sparks conversations, challenges norms, and navigates a path toward a future brimming with promise and possibilities.
