OpenAI CEO Sam Altman’s cryptocurrency initiative featuring a global ID and hopes for Universal Basic Income (UBI) officially launched on Monday, according to the project’s website.
Worldcoin, a cryptocurrency project, is placing “orbs” around the globe that scan an individual’s irises to discern whether they are a human, and issues them a “World ID,” which is a “global digital passport,” according to its website. In order to acquire a “World ID,” customers must book an appointment to conduct an in-person eye scan using Worldcoin’s “orb,” which is a silver ball designed to “verify humanness and uniqueness in a secure and privacy-preserving way.”
During its beta period, Worldcoin reached 2 million users, and it is currently expanding its global orb deployment to 35 cities in 20 countries, Reuters reported. Additionally, people who register in some countries will get Worldcoin’s cryptocurrency token, WLD.