Worldcoin's Innovative World ID: Digital Passport

Worldcoin's Innovative World ID: Digital Passport

Worldcoin, the revolutionary cryptocurrency project co-founded by OpenAI CEO Sam Altman, has officially launched its groundbreaking offering, the "World ID." This cutting-edge "digital passport" is designed to authenticate individuals as genuine humans, effectively distinguishing them from AI bots in the online realm.

During its beta phase, Worldcoin's parent company, Tools for Humanity, headquartered in San Francisco and Berlin, witnessed a remarkable 2 million users. With the official launch, Worldcoin is now expanding its "orbing" operations to 35 cities across 20 countries. Select users from these regions will receive Worldcoin's native cryptocurrency token, WLD.

Iris Scans for Verification

At the core of World ID lies a unique verification process that involves an in-person iris scan, conducted using the innovative "orb" device developed by Worldcoin. This device, about the size of a bowling ball, scans an individual's iris, confirming their true identity as a human and generating a one-of-a-kind World ID. These World IDs are securely stored on blockchains, ensuring privacy and safeguarding against any centralized control or shutdown.

Rising Cryptocurrency Token WLD

Following the official launch, Worldcoin's cryptocurrency token, WLD, has experienced exponential growth. In early trading on Binance, the world's largest exchange, WLD surged to an impressive peak of $5.29. Starting from a mere $0.15, the token reached an astounding $2.49, with a trading volume of $25.1 million.

What to expect

Worldcoin's World ID presents a compelling vision for the future, harnessing the power of blockchain technology for human verification, and promoting a world that embraces the potential of generative AI.

As the project expands its "orbing" operations globally, the World ID could become a fundamental element of online interactions, effectively distinguishing real humans from AI bots and potentially shaping economic policies to address income inequality in the years ahead.

SMM and Writer at Redlion, Web3 enthusiast since 2017

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