A cryptocurrency project founded by OpenAI CEO Sam Altman, has officially launched after years in development.
One of its core offerings is the “World ID,” described as a “digital passport” that verifies the holder as a real human, not an AI bot.During its beta period, Worldcoin attracted 2 million users, and with the launch, it is now expanding its “orbing” operations to 35 cities in 20 countries.
To incentivize sign-ups, users from certain countries will receive Worldcoin’s cryptocurrency token, WLD.The Worldcoin white paper outlines the issuance of a total of 10 billion WLD over 15 years, with 143 million WLD already circulating since the official launch.
Among these, 43 million were allocated to verified World App users, while 100 million were sent to market makers to facilitate trading.The unique aspect of Worldcoin lies in its eye-scanning “orb,” which provides users with a distinct digital identity, ensuring fair coin distribution and preventing fraud.
The project aims to create a global distribution system for Universal Basic Income, where regular money is provided to everyone by the government or organizations to meet basic needs.
Worldcoin’s “orbs” are currently available in cities such as Hong Kong, Tokyo, Singapore, Seoul, Paris, Lisbon, Mexico City, São Paulo, Nairobi, New York, San Francisco, and around 25 other cities worldwide.
With this innovative approach to identity verification and the promise of Universal Basic Income distribution, Worldcoin aims to tackle the challenges posed by recent advances in artificial intelligence and distinguish between human-generated and AI-generated content.
