Sam Altman, the creator of ChatGPT and OpenAI, has been developing Worldcoin, a cryptocurrency product. After years of development and an extended beta time frame, the project is finally going worldwide.
Worldcoin was initially launched in 2021, during the COVID-19 pandemic. It was criticized for its stated objective of scanning users’ eyes in exchange for access to the “world’s largest identity and financial network.”
Sam Altman Creates A Network Using Your Eyes
Sam Altman’s initiative recently made the switch to the Optimism (OP) mainnet, the second layer Ethereum scalability solution, according to the press release. The project also announced the public release of its WLD token and launched its World ID development kit.
The initiative is currently accessible in 35 cities and 20 countries throughout the world, with plans to go further. Users can sign up for the Orb, authenticate their credentials, and join the blockchain-based network in these locations.
Alex Blania, one of the co-founders of the Worldcoin project and the chief executive officer of Tools for Humanity, the company that is in charge of the development of essential components of the Worldcoin ecosystem, made the following statement regarding the launch that took place today:
The need for proof of personhood is no longer seriously contested in the age of AI; instead, what is important is whether or not our available proof of personhood solutions can be privacy-first, decentralized, and as inclusive as possible.
The project recently celebrated adding more than 2 million users; this new launch and ChatGPT’s success might significantly boost this number. Ultimately, Worldcoin aims to provide billions of individuals with a “verifiable digital identity.”
These users might then have access to financial services, government assistance, healthcare, and other benefits. The Worldcoin token, which trades under the ticker symbol WLD, is a key part of reaching this objective.
The asset will be “freely distributed to people just for being a unique human.” To put it in different terms, users will be paid for authenticating their identities on the network. Balnia additionally stated:
Worldcoin’s unique technology pledges to offer everybody in the world, regardless of background, geography, or income, access to the rising digital and global economy in a privacy-preserving and decentralized manner. These protocol-level objectives are very similar to what we have for World App.
The Orb-verified World ID services, which allow users to verify their identities, are currently accessible in the following cities: Hong Kong, London, Los Angeles, Mexico City, Miami, Seoul, as well as more than 120 more nations via the App Store and Google Pay.
According to the daily chart, Bitcoin (BTC) is currently trading around $29,800 and has been moving sideways.
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