WorldCoin Officially Launched
【Global Free Cryptocurrency Experiment】
Sam Altman and WorldCoin CEO Alex Blania jointly announce their vision to create a 'universal ownership' identity and financial network, offering a reliable solution to distinguish between humans and AI. "WorldCoin is a global endeavor, filled with challenges and uncertain outcomes." Simultaneously, the WLD token of Worldcoin is officially listed on cryptocurrency exchanges like Binance and OKEx, initially surging to $5.29, currently fluctuating around $2.
Sam Altman Leads WorldCoin with $250 Million Investment
WorldCoin is Sam Altman's latest global experiment, aiming to provide free cryptocurrency to every individual worldwide. According to real-time data on the Worldcoin official website, there are already 2.067 million users, and Sam Altman's goal is to reach the entire global population, extending cryptocurrency to 1 billion people. WorldCoin has raised nearly $250 million in funds, with notable investments from a16z, Coinbase Ventures, and other renowned crypto investors. "Three years ago, we founded WorldCoin with the hope of creating a new identity and financial network accessible to all. Today, it launches. If successful, we believe WorldCoin can significantly increase economic opportunities, provide a reliable solution to distinguish between humans and AI, protect privacy, and potentially pave the way for AI-backed Universal Basic Income (UBI)." The WorldCoin project's whitepaper indicates that in an era led by generative AI chatbots like ChatGPT, the World ID will become essential in distinguishing real users from online bots.
Universal Access through Iris Scanning Grants WorldCoin
Sam Altman stressed in previous interviews that WorldCoin's implementation will offer a reliable solution to distinguish between humans and AI. He believes Universal Basic Income (UBI) can address income inequality, aiming to distribute AI-generated wealth equally to every person worldwide by airdropping 'universal access' cryptocurrency to one billion individuals accepting iris scanning. Tools for Humanity, the company behind WorldCoin, provides free Worldcoin tokens named "WLD" to people globally in exchange for using the "Orb" device for iris scanning. Iris scanning ensures each individual possesses only one Worldcoin ID. Tools for Humanity has also developed the WorldApp application for this purpose. In the WorldCoin project, upon user consent to iris scanning, WorldCoin rewards them with cryptocurrency, presenting an almost utopian concept.
Open-Source Cryptocurrency WorldCoin: Unveiling the Whitepaper As per official information, WorldCoin is open-source, with the WorldCoin
WorldCoin: Exploring Equitable Token Distribution, Navigating Global Financial Regulation Challenges
According to Zhang Feng, an expert from the Shanghai Blockchain Technology Association think tank, WorldCoin aims to fairly distribute tokens to every individual on Earth but currently lacks corresponding economic and business logic, leading to the desire to collect sensitive personal information like iris scanning as an incentivized reward. Failure to establish a rational incentive and constraint model might potentially violate financial regulations across the globe and even lead to criminal implications. In the view of Wang Siyuan, Deputy Chairman of the Xi'an Blockchain Technology Application Association, the Universal Basic Income (UBI) model faces considerable difficulty in achieving widespread consensus without broad government support. "There have been multiple projects with similar plans, the most famous being Libra in 2019, backed by Facebook with over 2 billion global users. The primary risk at that time came from the contradiction between the traditional world and cryptocurrencies, namely the inherent contradiction between government regulation and decentralization. Even today, the industry still faces such challenges," Wang Siyuan remarked. Zhu Youping, Chairman of the China Communications Industry Association Blockchain Special Committee, told reporters that using cryptocurrencies overseas to support innovative projects has become a trend. Zhu Youping further explained that new things go through two stages. The first stage is the concept trial and error phase, where the logic of the new concept is tested, often driven by speculative capital, characterized by high multiples and high risk. Cryptocurrencies, metaverses, and Web 3.0 are still in this stage. "The second stage is the implementation phase. In this stage, successful parts from the concept trial and error phase are converted into actual projects with lower multiples but stable returns and relatively lower risks."
According to third-party data provider Coinmarketcap, as of the time of writing, WLD closed at $2.06, with a trading volume of $646 million in the past 24 hours. Worldcoin project's estimated value is around $20.4 billion, aligning closely with OpenAI's valuation following a recent round of funding."