What Is Worldcoin Backed By OpenAI CEO Sam Altman

What Is Worldcoin, The Iris Scanning Cryptocurrency

Worldcoin, co-founded by OpenAI CEO Sam Altman aims to bring Universal Basic Income (UBI) to the masses.

[{"selector":"#anim-78e2d1e1-801e-4f14-85bd-94172d34461a","keyframes":{"transform":["translate3d(122.12766%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-51095086-094a-43a3-8740-dba60914ef49","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9f3056e6-3523-4449-9ca0-87cabfd878f9","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-6b036ce6-0f37-4ee0-a4e2-159782822d4c","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b7daab12-d2b5-4fc3-94c7-111ad8d6f6d9","keyframes":{"transform":["translate3d(-116.88312%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ed4b615d-f1aa-4794-900e-e956edf6a0b5","keyframes":{"transform":["translate3d(-111.03679%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-14877e8e-e3d5-4f7a-85e6-dd9acae72fda","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a5ea6804-2f0c-4790-905a-b72c826f589d","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-aeb59234-c78c-4cc4-bbcc-08b7d4d9353b","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c72b48a3-38d0-41fb-bb2c-8dec3aeb879f","keyframes":{"transform":["translate3d(49.49721%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Sam Altman actively seeks to raise $100 Million in Finance. Worldcoin is a project that began in 2019 and uses iris-scanning technology to create a global disruptive cryptocurrency.

[{"selector":"#anim-782224f7-e453-4544-b571-ab67546aa5c8","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7e50e0a8-c949-400c-bc86-f6e5e041b9c7","keyframes":{"transform":["translate3d(0px, -99.81123%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-165dc493-e413-4419-b7b6-5b3a82483387","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-30d6f153-73f7-491b-b687-18003b8aad18","keyframes":{"transform":["translate3d(0px, 152.83817%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Worldcoin utilizes a device known as orb, which employs iris scanning technology to authenticate individuals' uniqueness and humanity, subsequently granting them Worldcoin tokens as rewards.

[{"selector":"#anim-d49a2cbe-873c-4f48-9dd0-4f2cd0b44f0e","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-5f2a701f-13dc-46c8-bdfb-2a97c01dd26b","keyframes":{"opacity":[0,1]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-01de7b88-3fb4-49f6-adab-48b6334318a9","keyframes":{"opacity":[0,1]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Worldcoin is set to secure another $100 million after a private token sales last year raised the same amount, valuing the company at $3 billion.

[{"selector":"#anim-89bd0619-a21c-4c11-80a7-39b07e607048","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-4222bfed-4cf7-4298-870d-e8324c443b51","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-8678c7e2-cb89-4047-a9d8-60557dd56302","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-f1a5c779-731b-400d-97be-91b4bac55272","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

This occurs when the crypto industry is currently under intense government scrutiny. Since the collapse of the FTX Exchange, there has also been a lot of selling pressure on the market.

[{"selector":"#anim-c3301057-9552-4d12-9dae-6994792e3267","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(1.5)","offset":0.33},{"transform":"scale(0.95)","offset":0.66},{"transform":"scale(1)","offset":1}],"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-d7a667b7-d77c-4530-8ca3-835f0c1c5866","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d22e8150-9395-465d-b44c-b1c74ff3556a","keyframes":{"transform":["translate3d(-116.45161%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

It also has a World App which allows for payments, purchases and transfers using Worldcoin or other digital assets. Worldcoin is planning to launch during the first half 2023.

[{"selector":"#anim-bf3f61b9-38e2-47d8-b033-c6cfb865b144","keyframes":{"opacity":[0,1]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b8537192-e1f2-4f0a-b059-1920dac70050","keyframes":{"opacity":[0,1]},"delay":300,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Worldcoin reports that the platform now has over one million users and between 100 and 200 Orbs are active at any time. Anyone can become a part of the network by signing up the World App.

[{"selector":"#anim-7613899b-4920-4a0e-87ce-d87d32a9d0c2","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cbc314e7-0c50-45a1-b17d-b58488e827d8","keyframes":{"transform":["translate3d(-98.12646%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d785d396-c2a4-4387-bbf4-30b68c4689da","keyframes":{"opacity":[0,1]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6d7ea81f-3e26-4fd4-b6d7-cd73ed97047e","keyframes":{"transform":["translate3d(116.45161%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]