On Monday, Sam Altman, the chief executive of OpenAI, will introduce the Worldcoin cryptocurrency.
The project’s World ID, an account that can only be obtained by actual people, is its main product. The Worldcoin “orb,” a silver ball about the size of a bowling ball, is used for in-person iris scanning to obtain a World ID. The orb develops a World ID once the iris scan confirms the user is a real human.
Tools for Humanity, a firm with offices in Berlin and San Francisco, is the creator of Worldcoin.
Since the project’s beta phase, it has gained 2 million users. With the launch on Monday, Worldcoin is expanding its “orbing” activities to 35 locations in 20 nations. 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 is crucial because cryptocurrency blockchains can store the World IDs in a way that maintains anonymity and cannot be controlled or shut down by any one party.
According to the initiative, World IDs will become more important when generative AI chatbots like ChatGPT, which produce surprisingly human-like language, become more prevalent. Online, World IDs could be used to distinguish between actual individuals and AI bots.
The biggest cryptocurrency exchange, Binance, said 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.
AI will boost people, which will have a significant economic impact, he said.
Universal Basic Income, or UBI, is a social benefits programme that is often operated by governments and provides payments to every person, is one example Altman likes. Altman thinks UBI can aid in the fight against income inequality as AI takes up an increasing amount of current human labor. World IDs could be used to reduce fraud while implementing UBI because they can only be obtained by actual people.
Altman stated that he believed a world with UBI would be “very far in the future” and that he did not have a clear idea of what institution could distribute money. However, he did believe that Worldcoin provides the foundation for it to become a reality.
He remarked that they believe that in order to determine what to do, they need to begin experimenting with things.
