Worldcoin crypto project officially launches with digital identity through eyeball scanning


Worldcoin, an innovative AI-powered crypto project, has officially launched after three years of development. Led by Sam Altman, the CEO of OpenAI, the project aims to achieve global scale alignment through its unique digital identity and crypto payments system.

Worldcoin, co-founded by Sam Altman, has successfully merged the worlds of AI and crypto. Their revolutionary project involves the use of a small device called an “orb” to scan people’s eyeballs, generating a unique digital identity known as the “World ID.” This groundbreaking approach to digital verification provides “proof of personhood”.

Initial Success and Expanding Reach

Despite facing challenges during its rollout, Worldcoin has seen significant success. Over two million signups have already been recorded, a testament to the growing interest in the project. The team has also taken steps to enhance security, implementing two-factor identity authentication and geographic detection to prevent fraudulent activities.

While the project has achieved notable success, it faces the complex global regulatory environment for crypto. Currently not available in the US, Worldcoin’s token distribution has been affected by heightened tensions surrounding crypto regulation in the country. Sam Altman, along with co-founder Alex Blania, urges for greater regulatory clarity and hopes for a “rational place” for crypto regulation in the US.

A Vision for the Future

Worldcoin is more than just a crypto project. “Crypto is hopefully a label that will get dropped over the coming years anyways, and it’s just essentially the technology that you use to build certain products,” Blania said. Decentralization remains a key focus for Worldcoin, aligning with the core tenets of the crypto industry.

Worldcoin’s success is not just measured by its technological achievements, but also by the positive impact it aims to bring to the world. With “proof of personhood,” the project empowers individuals in various regions, including Asia, particularly Japan and South Korea. The team continues to broaden eyeball-scanning signups and plans to extend its reach to more countries in the future.

Share post:



More like this

Intellectual Property for Content Creators

Creative content of all kinds must be protected from imitations and illicit copying. In this way LutinX blockchain is the right partner.

Rome Future Week in collaboration with LutinX launch “Future Explores”

Rome Future Week, in collaboration with LutinX, selects 300 young people aged 18 to 30, already professionals or seeking employment, who want to train and acquire the first digital skills certification badge.

Nigeria Takes Bold Steps to Boost eNaira Adoption and Usage

By enabling contactless payments, the CBN hopes to simplify the process of conducting digital transactions.

Ukraine and World Intellectual Property Organization Strengthen Ties

Collaboration include attracting international technical assistance and financial resources to bolster the IP and innovation sectors.

Agronomist from Cameroon Awarded Gulbenkian Prize for Humanity

Cécile Bibiane Ndjebet has devoted more than three decades to advocating for gender equality and securing land tenure for women.

Nigeria announces its second participation at 2024 Venice Biennale

The historic palace in Dorsoduro will feature an exhibition of nine talented artists from Nigeria and the Nigerian diaspora.

Internet Usage in Tanzania Surges 17% in One Year Due to Kiswahili Content

The availability of local content and language-specific applications plays a crucial role in catering to the needs of the Tanzanian audience.

Ghana’s Newborns to Receive Digital ID Numbers in August

Ghana's Vice President announced the launch of digital ID numbers to newborns, streamlining civil registration and supporting digitalization.

Revolutionizing the Cruise Industry: the World’s First Zero-emission Cruise Ship

The vessels will be equipped with retractable sails with solar panels, artificial intelligence maneuvering, contra-rotating propellers.

Chale Wote Street Art Festival 2023: Africa’s Vibrant Celebration of Artistic Excellence

There will be performance art, graffiti, music stages with 120 musicians and bands, street theater and the SHIKA SHIKA Art Fair.

Wedding in the Hamptons: NBA Superstar Joel Embiid Marries Sports Illustrated Model

The celebration took place in the Hamptons, ultra-exclusive and aristocratic community in Long Island, on July 22, 2023.

16-Year-Old Nigerian Teen Promotes Reading Culture and Mental Health Awareness

Nollywood actress, Joke Silva, expressed her enthusiasm for innovative online book clubhouse, presented by 15-year old Munachi Mbonu.

Preschool Math Teacher Wins Top Spot in National Competition in Tanzania

The competition brought together pre-primary and primary teachers to demonstrate their skills in teaching mathematics

ICC U-19 Cricket Africa Qualifier Kicks Off with Tanzania vs. Kenya Clash

The tournament, held in Dar-es-Salaam, features a round-robin format with six African countries participating.

Passionate Fans Await the Historic 2023 Africa Cup of Nations in Cameroon

Cameroon stands ready to deliver an unforgettable spectacle that will reverberate throughout Africa and beyond.

Latest Football News: Ghana’s Football Ranking Shows Room for Improvement

With the right strategies and determination, the team can strive to secure a spot in the top 10 of Africa's football rankings.

Nigeria and Canada Face Off in Women’s World Cup 2023

The match between Nigeria and Canada will take place at the Melbourne Rectangular Stadium with a kick-off time of 03:30 BST.

Lviv First-year Students Designe Unique Smart Cane for the Visually Impaired

When an obstacle is about two steps away, the sensor sends a signal to the handle, which starts vibrating.

Cameroonian Activist Christelle Bay Nfor Honored for Women Empowerment Initiatives

The prestigious award was presented to her during a high-profile event at the Palace of Westminster, House of Lords, on July 14, 2023.

Peter Obi’s 62nd Birthday: A Reminder of Hope and Inspiration for Nigerians

Peter Obi has proven that with the right mindset, political will, and commitment to justice, significant change is possible.