OpenAI CEO Sam Altman Launches 'WorldCoin Crypto Project'

Tags: International News

OpenAI-CEO-Sam-Altman-Launches-'WorldCoin-Crypto-Project'Sam Altman, CEO of OpenAI, along with co-founders Alex Blania and Max Novendstern, launched the 'WorldCoin Crypto Project'.

An Overview of the News 

  • The primary objective of the WorldCoin crypto project is to establish a universal and decentralised digital identity that prioritises privacy and gives people access to various online services and benefits.

  • A notable aspect of the project is the vision of implementing WorldCoin as a means of distributing Universal Basic Income (UBI) to individuals around the world regardless of their location, income or social status.

  • The Tools for Humans organisation, headquartered in San Francisco and Berlin, provides support and assistance to the WorldCoin initiative.

  • An impressive 2 million users have already signed up for the beta version of the WorldCoin cryptocurrency project.

  • The project has ambitious plans to expand its reach to 35 cities in 20 countries.

  • To express gratitude to the early investors, WorldCoin cryptocurrency tokens will be given as rewards.

  • The initial supply of WorldCoin tokens is limited to 10 billion.

About WorldCoin crypto project:

  • The main goal of WorldCoin is to introduce a "World ID" system that authenticates a person's identity through iris scanning. This verification process helps to differentiate between humans and AI bots.

  • This project uses a device called 'Orb' to ensure the genuineness of the person. Once verified, a unique World ID is generated for the individual.

  • Interested persons can participate in the project by downloading the World App. They can receive their unique World ID by scanning their iris, verifying their human identity and using the 'Orb' to secure their digital passport.

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