Man behind ChatGPT launches cryptocurrency. Sam Altman, the chief executive officer of OpenAI, launched Worldcoin on Monday.
The main feature of the project is its World ID, an account that can only obtained by actual people. A customer registers to perform an in-person iris scan using the Worldcoin “orb,” a silver ball about the size of a bowling ball, in order to obtain a World ID. A World ID generated once the orb’s iris scan confirms the person is a real human.
Tools for Humanity, based in Berlin and San Francisco, is the organization that created Worldcoin.
Since the project’s beta phase, it has gained 2 million users. With the launch on Monday, Worldcoin is expanding its “orbing” operations to 35 cities in 20 countries. Those who register in particular nations will receive the WLD cryptocurrency token from Worldcoin as an incentive.
According to co-founder Alex Blania, the cryptocurrency component of the World IDs crucial because cryptocurrency blockchains can store the World IDs in a way that maintains privacy and cannot controlled or shut down by any one entity.
According to the project, World IDs will become more important as generative AI chatbots like ChatGPT, which produce remarkably human-like language, become more prevalent. Online, World IDs used to distinguish between real people and AI bots.
The biggest cryptocurrency exchange, Binance, announced that it would list Worldcoin, with a possible trading start time of Monday at 0900 GMT.
Altman spoke to Reuters. Worldcoin can also assist in addressing how generative AI will alter the economy.
According to him, AI will “supercharge people, which will have massive economic implications.”
One illustration that Altman likes universal basic income, or UBI, a social benefits program that typically run by governments and provides payments to every person. Altman thinks that UBI can aid in the fight against income inequality because AI “will do more and more of the work that people currently do.” World IDs used to reduce fraud when implementing UBI because only real people permitted to have them.
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Altman stated that he believed a world with UBI would be “very far in the future” and that he was unsure of what organization would be able to distribute money, but that Worldcoin lays the foundation for it to happen.
We believe that in order to decide what to do, we must begin experimenting with various options.