OpenAI CEO Sam Altman has recently joined the ranks of the Worldcoin cryptocurrency investors. After successfully raising $ 100 million to finance this project, he is now able to take part in the venture. With the help of iris scanning technology, Altman was able to get verified for the free cryptocurrency tokens that come with the venture.
Worldcoin is a cryptocurrency that works on a collective level, meaning it is accessible to everyone in the world. This idea has been around for several years now but recently gained more traction due to the involvement of Altman’s ChatGPT AI venture. The free gifts and cryptocurrency coming with the venture are only available for those who scan their irises. This biometric data is used to prove an individual’s personhood, which allows them to collect their free tokens.
The technology is only available in certain parts of the world and until now Altman wasn’t able to take part in it due to its restrictions in the US. When Altman arrived in Europe, he was able to join the venture through a silver ‘chrome orb’, which uses iris scanning technology to collect user data. The data is then used to verify a person’s identity and entitles them to a portion of the cryptocurrency when it officially launches.
As of now, over 1.5 million people have signed up for the Worldcoin cryptocurrency. It is expected to go live in the upcoming weeks. Although it hasn’t been formally released yet, it is similar to traditional cryptocurrencies and can be used as a store of value or for remittances, to tip artists, as well as to buy and sell goods.
The question about Worldcoin’s data-sharing has been a hot topic since the launch of the project. While Altman and his team can assure that the cryptocurrency is distributed fairly and without bias, some concerns arise on the data collecting process.
OpenAI’s ChatGPT, the revolutionary artificial intelligence venture, created by Altman, is still ongoing and is being heavily invested in. Altman’s recent move with Worldcoin cryptocurrency is just another sign of how involved he really is with tech growth. His idea to create a global currency that is widely accessible is ambitious and might just be the start of something big in the world of cryptocurrency.
