Sam Altman, the CEO of OpenAI, launched the cryptocurrency Worldcoin, which will go live on July 24. The World ID, a user account available exclusively to actual people, is the main feature.
The Worldcoin “orb,” a silver ball roughly the size of a bowling ball, is used by customers to sign up for an in-person iris scan to get a World ID.
Worldcoin crypto initiative
A World ID is generated once the orb’s iris scan confirms the user is a real human. Since the project’s beta testing, it has gained two million members, and it is expanding “orbing” operations to 35 locations in 20 nations. Worldcoin will reward those who register in specific countries with the WLD cryptocurrency token.
Because cryptocurrency blockchains may hold World IDs in a manner that protects privacy and cannot be controlled or shut down by any single party, the cryptocurrency component of World IDs is crucial.
- OpenAI CEO launches Worldcoin, offering exclusive World ID user accounts.
- World ID generated through orb iris scan; expanding to 35 locations, rewarding users.
- Generative AI potential to transform UBI, social welfare program.
In the era of generative AI chatbots like ChatGPT, which produce amazingly human-like discourse, world IDs may be vital. The biggest cryptocurrency exchange, Binance, will add Worldcoin, with trading rumored to start on Monday at 0900 GMT.
Universal basic income (UBI), a social welfare program typically managed by governments where every individual is entitled to payments, is one example of how Altman thinks generative AI could transform the economy.
Altman believes Worldcoin can help address this issue. World IDs could be used to reduce fraud when implementing UBI because only actual people are permitted to have them.
Altman thinks that a UBI-enabled society would be “very far in the future” and that Worldcoin paves the way for it to happen.
