Worldcoin Launches, Rethinking Digital Identity and Currency
Worldcoin, a project aimed at revolutionizing identity and financial networks, initiates its global rollout today, offering a unique combination of digital identity (World ID) and digital currency (WLD).
The Deets
- Worldcoin: Aiming to enhance economic opportunity and provide a path to AI-funded UBI.
- World ID and WLD: Privacy-preserving digital identity and currency, available just for being human.
- World App: The first protocol-compatible wallet, allowing users to reserve their share.
- Orbs: Biometric verification devices for validating uniqueness and ensuring privacy.
The Bulk
Worldcoin, conceived with the ambitious goal of creating an identity and financial network owned by everyone, announced its official launch. Founders Alex Blania and Sam Altman envision the project as a potential game-changer, seeking to improve economic opportunity, authenticate human users online, support global democratic processes, and even explore paths to an AI-funded Universal Basic Income (UBI).
Key to Worldcoin's offering are the World ID and WLD. The World ID serves as a privacy-preserving digital identity, allowing users to prove their uniqueness in the digital world while retaining their privacy. The digital currency, WLD, is accessible simply by virtue of being human, and Worldcoin hopes to extend its benefits to countries where regulatory norms are yet to be established, like the U.S.
The World App, the first wallet compatible with the Worldcoin protocol, is now available for download. The app enables users to reserve their share of the WLD currency. Once they visit an Orb, a novel biometric verification device, users are granted a World ID, marking their unique, yet private, identity in the Worldcoin network.
📊 By the Numbers
Worldcoin ($WLD) is up 50% in the last 24 hours, holding a price of $2.50 according to CoinGecko.
❗Why It Matters
The launch of Worldcoin signifies a major step towards redefining digital identity and the global financial landscape. Its innovative blend of privacy-preserved identification and digital currency has the potential to democratize economic opportunities and bring a novel solution for distinguishing humans from AI online. But the protocol is not without critics, many citing major potential security concerns based on the biometric data necessary to utilize the platform.
🔜 What's Next?
As the global distribution of Orbs accelerates, users can locate the nearest one and schedule a verification appointment via the World App or on the Worldcoin website. The project recently announced it is scaling to 1,500 Orbs across 35 cities worldwide.
🎤 Founder Feedback
Worldcoin is an attempt at global scale alignment, the journey will be challenging and the outcome is uncertain. But finding new ways to broadly share the coming technological prosperity is a critical challenge of our time. We hope you'll join us.Alex Blania & Sam Altman
🎬 Take Action
Interested in getting involved? Download the World App, find your nearest Orb, and book a time to get verified to reserve your share of WLD.
For more web3 and NFT news, visit the Lucky Trader newsfeed.
