Sam Altman Backed Worldcoin Launches Officially
Worldcoin, the decentralized ID and wallet protocol backed by Sam Altman, CEO of Openai, announced its official launch on Monday. The project, which had been in its development stages for more than three years, is finally opening its services to the public, expanding its reach and aiming to reel in 2 billion users worldwide.
Main Breakdowns:
- Worldcoin has two components: World ID and World App
- World ID uses individuals’ irises for verification
- World App allows users to receive incentives in WLD tokens
- 75% of the initial WLD issuance will be granted to users
- More than 2 million users have already signed up
Orb Acceleration
While users can reserve their share of WLD tokens, they need to physically prove their humanness by getting their irises read by an Orb. Worldcoin plans to rollout more than 1,500 orbs to over 35 cities to accelerate the growth of the protocol. The devices will be focused on countries that have shown receptiveness to Worldcoin’s proposal, such as Spain with over 150,000 registered users. However, Worldcoin will not be available in the U.S. for now due to regulatory uncertainty.
Hot Take
Worldcoin’s official launch marks a significant milestone in its mission to achieve global scale alignment. With its unique approach to decentralized identity and wallet protocol, Worldcoin aims to bring technological prosperity to the masses. The rollout of orbs and the increasing number of sign-ups demonstrate the growing interest in this project. However, regulatory challenges may hinder its expansion into certain countries. Overall, Worldcoin has the potential to revolutionize the way we transact and interact in the digital world.
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