In today's online world, with the rise of artificial intelligence (AI) and chatbots like ChatGPT, it's becoming more challenging to distinguish humans from AI. Fake virtual identities and bots can easily be created and operated, which poses privacy and security concerns for internet users.
To that end, Sam Altman, the CEO of OpenAI, has launched an eye-scanning cryptocurrency project called Worldcoin – a project that aims to redefine how digital identification works by offering users a special credential known as the "World ID" to verify they are real humans.
World ID works like a digital passport, allowing users to verify that they are real humans while keeping their real-world identity anonymous. To obtain a World ID, you need to go through an Orb, a biometric verification device, where you'd undergo a face and iris scan to prove you are a real and unique person online while remaining completely private.
After completing the biometric screening and creating their World ID, you receive a cryptocurrency token called WLD. WLD has been listed on Binance and other exchanges following the announcement of the project and traded up to $145 million this morning before the stock price tanked, according to ZDNet.
Beyond enhancing online identity verification, Worldcoin also aims to promote economic equality and democratize the distribution of funds. It envisions a potential Universal Basic Income (UBI) system, where every individual receives a basic income, funded by AI.
So far since the project launched for beta, it has gained significant attention, with over two million users scanned worldwide. Currently in 11 cities in the U.S., Worldcoin has begun the rollout of 1500 Orbs to more than 35 cities globally.
By visiting the World App or worldcoin.org, you can find the nearest Orb location and book a time for your in-person verification.