Worldcoin (WLD), a cryptocurrency project founded by OpenAI CEO Sam Altman, has launched with the goal of revolutionizing digital identification. The project offers users a World ID, which verifies that the owner is a real human. In an age where AI chatbots and fake virtual identities are prevalent, distinguishing humans from AI online has become increasingly challenging. With OpenAI working on responsible artificial general intelligence (AGI), Altman recognizes the importance of human privacy online.
The World ID functions as a digital passport, ensuring that the person using it is a genuine human while keeping their real-world identity anonymous. This provides privacy and protection against cyber attacks on one’s identity. To obtain a World ID, consumers must undergo an in-person biometric screening, including a face and iris scan, at one of Worldcoin’s Orbs. These Orbs are silver spheres strategically located worldwide and accessible by appointment.
Upon downloading the World App, users are prompted to verify their identity at an Orb and receive the WLD token as a reward for being human. Following the official launch of the crypto project, WLD trading experienced a surge, reaching as high as $3.58 from $1.70. Binance and other exchanges listed the cryptocurrency, resulting in $145 million in trades before the stock price dropped by 29.4%.
Currently, the US has 11 Orb locations in cities such as Los Angeles, New York, Miami, and San Francisco. Worldcoin plans to expand globally, with 35 cities in 20 countries being targeted. During the beta period, over 2 million users were scanned worldwide.
For the founders of Worldcoin, this initiative represents a step towards economic equality, democratic distribution of funds, and the concept of Universal Basic Income (UBI). They believe that Worldcoin has the potential to increase economic opportunities, 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 UBI.
In conclusion, Worldcoin’s launch introduces a unique approach to digital identification by offering a World ID that verifies the user’s humanity while maintaining anonymity. With the increasing prevalence of AI chatbots and fake virtual identities, distinguishing humans from AI online has become a significant challenge. Worldcoin aims to address this issue while promoting economic equality and the concept of UBI. The project’s success remains uncertain, but its potential impact on the digital landscape is significant.