Crypto and AI, two of the hottest prospects of the 2020s are coming together with an ambitious project as Sam Altman, the mastermind behind OpenAI best known for ChatGPT, is on the verge of securing approximately $100 million in funding for his latest venture—Worldcoin. This crypto project will utilize iris-scanning technology to create a secure global cryptocurrency. Through this tech, the system will distinguish real humans from bots. Let’s face it, security has been an issue for hodlers across the globe. Are we in a position to say no to some sci-fi-level security measures? As long as AI remains on our side, we don’t think we can say no to that. Besides, with the advent of Lambo dreams and moon missions, it’s time to buckle up and embrace the next level of crypto-tech innovation.
What is Worldcoin?
Worldcoin, one of the most ambitious cryptocurrency and blockchain projects at present was founded in 2019 by Sam Altman, the CEO of OpenAI, and an entrepreneur who goes by the name of Alex Blania. It aims to hook everyone up with global economic access, regardless of their background or location. Moreover, the project is pulling off a mad move by dishing out a free share of their crypto to every single person on the planet. A literal worldwide crypto airdrop! This gift will be stored in a non-custodial crypto wallet powered by smart contracts. With this share, people can trade other tokens, purchase additional Worldcoin, send coins to friends, and even pay for goods and services. Most importantly though, Worldcoin is looking promising to be the way to establishing a universal basic income system.
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Some backstory: Altman, along with Max Novendstern, who envisions creating a new Blackrock using AI, joined forces with Blania to revolutionize the world of exchange through technology and artificial intelligence. Their bold approach caught the attention of investors, who recently injected a staggering $100 million into the project, a remarkable feat considering the ongoing bear market.
If the funding proves successful, it would value Worldcoin at a staggering $3 billion. This achievement shouldn’t come as a complete surprise, given the company’s earlier accomplishments.
So, what makes Worldcoin an attractive investment? Apart from the visionary founders and the resounding success of ChatGPT, Worldcoin’s executives addresses two critical challenges posed by advancing artificial intelligence: distinguishing between humans and bots and offering a form of universal basic income to mitigate potential job losses resulting from AI.
A pivotal aspect of their strategy revolves around the development of an orb, which utilizes iris biometrics to establish a person’s unique identity. Through this orb, Worldcoin creates a digital World ID that can be pseudonymously used across various everyday applications without revealing the user’s true identity.
Conclusion
It’s important to note that the $100 million funding deal has yet to be officially confirmed. However, with the crypto community eagerly watching this project, anticipation is building for some epic moves ahead. Just remember, if you choose to dive into this space, brace yourself for the possibility of an iris scan, as Worldcoin sets its sights on a future where finance and identity intertwine flawlessly. So, strap in, hodlers, and get ready to ride the rocket ship of innovation to new heights!
