A new cryptocurrency project called WorldCoin, from OpenAI CEO Sam Altman, has claimed over 2 million sign-ups across the world around a week after its official launch on July 24.
Key points
- OpenAI is the company behind the AI chatbot ChatGPT. What differentiates WorldCoin from many existing cryptocurrencies is its use of biometrics.
- As per the company, the Worldcoin protocol is intended to be the world’s largest identity and financial public network, open to everyone regardless of their country, background or economic status.
- WorldCoin wants to offer users an account that only “real humans” can get, through what it calls a “World ID”.
- For this, a customer has to sign up and do an in-person eye scan at particular locations, where their irises would be scanned through a ball-like object called an ‘orb’.
- Once the orb’s iris scan verifies the person is a real human, it creates a World ID for them.
