![]() 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. The Worldcoin Foundation subsidiary World Assets Ltd. Worldcoin has also announced the launch of a waitlist for its “World ID” software development kit (SDK), which allows websites to verify the humanity and uniqueness of their users without storing their personal information.ĮU taps Protokol to develop blockchain-based credential verification system Worldcoin said that World ID will provide a way for users to prove they are not robots without needing to provide personal identifying information to websites, such as their phone numbers. Users have access to multiple “personhood verification” options including phone number verification “for easy access to anyone with a smartphone and Orb biometric verification for extreme accuracy.” Orb is a custom hardware iris imaging device created by ToolsForHumanity that scans the irises of users to produce their unique identifier.Īs 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. ![]() “World ID’s most important property is that the holder can use it to prove that they are a real and unique person without sharing personal data using zero-knowledge proofs.” “One way to think about World ID is as a global digital passport that lives locally on its holder’s phone,” Worldcoin said. In March, the team behind the project announced the launch of the World ID software, a privacy-first decentralized identity protocol that allows end users to generate their “World ID.”Īccording 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.” The Worldcoin ecosystem operates as a layer-two on the Ethereum blockchain. At its launch in 2021, Worldcoin was valued at $1 billion. “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.”įunding for the project was provided by a variety of VC firms, including Andreessen Horowitz, Coinbase Ventures, 1confirmation, Blockchange and Day One Ventures. “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. To entice people to go through the process, Worldcoin (WLD) was offered as a reward. Scans produce numbers that can be tied to a user’s identity, and no record of the scan is kept, which helps prevent theft and fraud. Worldcoin was first launched in October 2021 by co-founders Alex Blania, Sam Altman and Max Novendstern as a project focused on using eye scans to create a unique digital identity for individuals. ( Kitco News) - 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 (WLD) 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. Receive a comprehensive recap of the day's top stories directly to your inbox. ![]() Get all the essential market news and expert opinions in one place with our daily newsletter. ![]()
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