- OpenAI CEO Sam Altman is now looking to make his mark in the world of cryptocurrencies and digital identity with the launch of the Worldcoin token on Monday as part of a system designed to provide a digital ID for users around the world and help differentiate between humans and machines.
“More than three years ago, we founded Worldcoin with the ambition of creating a new identity and financial network owned by everyone; the rollout begins today,” Balina and Altman wrote in a letter introducing WLD. “If successful, we believe Worldcoin could drastically increase economic opportunity, scale a reliable solution for distinguishing humans from AI online while preserving privacy, enable global democratic processes and eventually show a potential path to AI-funded UBI.
According to the Worldcoin website, World ID “enables seamless sign-in to websites, mobile apps and crypto dapps, while proving you’re a unique and real person without sharing personal data like names, emails, etc.” As part of the WLD token launch, Worldcoin is also looking to expand Orb locations to “35+ cities in 20+ countries across five continents” by the end of 2023.
The Worldcoin Foundation subsidiary World Assets Ltd. is responsible for minting and releasing the Worldcoin token to the millions of eligible users who participated in the beta, and WLD is now live on the blockchain.
Source: Digital Coin News (digitalcoinnews.net)
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