Worldcoin: In an unprecedented move, Sam Altman, the visionary Chief Executive Officer of OpenAI, officially launched “Worldcoin,” a revolutionary cryptocurrency project set to reshape the realm of digital identity verification. Anchored by the World ID, the project’s crowning achievement, this coin presents a cutting-edge “digital passport” engineered to discern genuine humans from AI bots, offering an unparalleled level of security and authenticity.
At the core of the World ID lies a groundbreaking process. To acquire this transformative digital identity, prospective users must undergo an in-person iris scan utilizing the ‘orb,’ an ingenious silver sphere reminiscent of a bowling ball, ingeniously crafted by Worldcoin . The iris scan’s rapid validation authenticates the user’s humanity, generating a World ID that serves as an immutable testament to their true existence.
Conceived under the brilliant auspices of Worldcoin, this trailblazing project is nurtured by the expertise of “Tools for Humanity,” an entity anchored in the vibrant cities of San Francisco and Berlin. Having garnered an impressive 2 million users during its beta phase, this Cyber Token enters a new era with the official launch, expanding “orbing” operations across 35 cities spanning 20 diverse countries. As a compelling incentive, early adopters in select nations will be rewarded with this coin native cryptocurrency token, WLD, sparking enthusiasm for this transformative venture.
Worldcoin’s native token, WLD, soared to new heights during early trading on Monday. Achieving a pinnacle of $5.29 on the esteemed Binance exchange, the token demonstrated remarkable growth, starting from an initial price of $0.15 and boasting an impressive trading volume of $25.1 million, as reported on Binance’s website at 1000 GMT.
Co-founder Alex Blania affirmed that blockchains will play a pivotal role in preserving privacy by securely storing the World IDs. Shielded from the control of any singular entity, these blockchains provide an impregnable safeguard against shutdowns and manipulation.
Worldcoin heralds the era of generative AI chatbots, exemplified by the prodigious ChatGPT, capable of producing remarkably human-like language. In this digital landscape, World IDs emerge as a crucial tool to discern genuine individuals from AI bots, preserving the authenticity and integrity of online interactions.
Sam Altman envisions that AI will propel individuals to unprecedented heights, ushering in a new era of profound economic implications. One such exemplar is the notion of universal basic income (UBI), a social benefits program typically administered by governments, entitling every individual to periodic payments. As AI increasingly assumes tasks traditionally performed by humans, Altman believes UBI can combat income inequality. With World IDs reserved exclusively for real individuals, the implementation of UBI could be fortified against fraudulent activities, rendering it a robust and viable solution.
While Altman concedes that a world with UBI remains a distant prospect, he firmly believes that Worldcoin lays the essential groundwork for this transformative vision. Cognizant of the need to experiment and evolve, Altman is dedicated to exploring the diverse possibilities that lay ahead.
As this Cyber Token unfurls its pioneering journey, the world awaits with bated breath, witnessing the dawn of a new era in crypto innovation and digital identity verification.
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Our Reader’s Queries
How much is 1 Worldcoin worth?
Today, the price of WorldCoin is US$0.007406, and it has a trading volume of $174 in the past 24 hours. WDC has decreased by -2.62% in the last day.
What happened to Worldcoin?
Kenya Halts WorldCoin Operations The CA and ODPC raise concerns about data security, consent practices, consumer protection, cybersecurity, and private entities holding citizen data without oversight.
What is Worldcoin net worth?
Worldcoin is a form of cryptocurrency with a market cap of $228,938,506 and a circulating supply of 107,644,298 WLD. In the last 24 hours, the trading volume has been $471M, and the all-time high for Worldcoin is $3.585.
What does Worldcoin do?
Worldcoin aspires to be the leading global digital identity and financial network, granting ownership to all individuals. Its goal is to offer equal access to the global economy regardless of location or background, creating opportunities for all to thrive in the era of AI.