Eye Scans For All! Worldcoin Launches.
Worldcoin launches token to distinguish humans from bots
![](data:image/svg+xml;utf-8,<svg xmlns="http://www.w3.org/2000/svg" width="678" height="452" />)
Worldcoin, co-founded by OpenAI CEO Sam Altman, released its ecosystem token on July 24. The project aims to address income inequality and online identity verification and has received mixed reactions, with some applauding its vision and others deeming it unsettling. Worldcoin introduced the World ID, a digital passport stored on users' phones, to verify human users without revealing personal data. The project also launched a gas-free crypto wallet for verified humans. While user data isn't stored, a proof is generated to confirm a user's human status. As the token was introduced, major crypto exchanges like Binance and Bybit announced listings. However, a counterfeit Worldcoin token was flagged for fraudulent activity. While the initiative has supporters, critics like Jack Dorsey have voiced concerns about corporations' influence on the global financial system. Worldcoin's World ID project garnered over 2 million sign-ups by July 14, with Altman aspiring for 2 billion users. The project secured $115 million in May for its decentralized identification system, leveraging AI to offer a decentralized online protection solution.
8 comments