The cryptocurrency project, launched under the name Worldcoin, ensures that users remain in a decentralized identity identification system and are not dependent on centralized platforms.
Sam Altman, founder of OpenAI, which developed ChatGPT technology, is also working on a decentralized authentication technology. Altman has been running the testing process since March and made its debut this week.
What is Worldcoin?
The Worldcoin project aims for a decentralized authentication system. Unlike many hollow projects, Sam Altman has developed a spherical device he calls the Orb, with which users can scan eyes. This device was placed in certain countries for testing purposes.
After users download the World app, they need to do a one-time eye scan. Afterwards, its digital identity is created anonymously and it can easily identify itself to other integrated systems within the network. A total of 2000 Orbs have been produced and 306 active Orbs have been reached in the last 30 days.
Worldcoin was distributed free of charge to users who introduced it, and today it is available for sale on many major exchanges, including Binance, under the WLD tag. The cryptocurrency, traded at $2.2, has reached a market cap of $235 million.