Worldcoin, the brainchild of Sam Altman, co-founder of OpenAI, has launched Orb Scanning, a groundbreaking initiative aimed at providing free crypto tokens to individuals who undergo iris scanning. The project’s ultimate goal is to grant universal access to the global economy, regardless of nationality or background, while also enabling global democratic processes in the age of artificial intelligence (AI).
According to Altman and Worldcoin co-founders Alex Blania and Max Novendstern, around 4.4 billion people worldwide lack a legal, digitally-verifiable identity, which severely hampers their ability to secure employment, access government aid, financial services, and healthcare. Worldcoin believes that by introducing their unique token and distributing it to individuals solely based on their uniqueness as individuals, they can revolutionize economic opportunity and pave the way for AI-funded universal basic income.
To participate in the program and receive the Worldcoin token, individuals have their eyes scanned by a hardware device known as The Orb. This not only serves as a means to prove their uniqueness but also provides a reliable method for distinguishing between human users and AI online, ensuring privacy is preserved.
Worldcoin has made significant progress since securing $115 million in funding earlier this year. The project has now migrated to the OP Mainnet, unveiled plans to expand Orb sign-ups to over 35 cities across 20 countries, and released the World ID SDK. Moreover, millions of eligible individuals who participated in the beta phase have been issued the Worldcoin token, making it fully transactable on the blockchain.
Through these ambitious endeavors, Worldcoin hopes to bridge the gap between the vast number of individuals lacking legal identification and the global economy. By creating a system that offers financial services, government aid, and healthcare to all, Worldcoin strives for a more inclusive world, driven by the power of blockchain and artificial intelligence.
With the launch of Orb Scanning and the successful distribution of the Worldcoin token, Worldcoin is proving itself to be a significant player in the cryptocurrency landscape. The project’s mission to provide universal access to the global economy holds significant promise, particularly for those currently marginalized or excluded from participating in the financial systems that shape our world. As the initiative continues to expand, it remains to be seen how Worldcoin will realize its vision of a more equitable and accessible global economy.
