• Open AI CEO launches another project called WorldCoin, and records 2 million users from its earlier phase.

• Interestingly, Britain’s data watchdog is said to be examining the project for any concerns. 

Recently, OpenAI CEO Sam Altman launched a crypto project called WorldCoin. This project got 2 million users from its beta phase, with its core offering said to be its World ID. This is described as a digital passport to ascertain that the holder is not an AI robot, but a real human.

With this initiative, users exchange their iris scans for digital identification and free cryptocurrency. Britain’s data regulator has in response to this initiative stated that it would examine the project. 

A spokesperson for the Information Commissioner’s Office said:

We note the launch of WorldCoin in the UK and will be making further enquiries.

According to reports, WorldCoin is expanding its orbing to 35 cities in 20 countries. As said earlier, users who sign up are given Worldcoin’s cryptocurrency token WLD. Co-founder Alex Blania has explained that blockchain can store World IDs in a manner that preserves privacy and cannot be controlled or shut down by any entity.

In addition to telling the difference between real people and AI bots online, Altman claims that it can assist in addressing how the economy would be reshaped by generative AI. 

More Details on Worldcoin 

Altman has stated that he hopes a billion people will sign up for WorldCoin now the platform is launched. For now, it is onboarding orb operators in additional locations. Over 2,000 orbs have been already manufactured. 

i am super impressed by the work of @alexblania and the team to get to this point–the project has a level of complexity and ambition i haven’t seen very often…like any really ambitious project, maybe it works out and maybe it doesn’t, but trying stuff like this is how progress happens. in either case, we especially love our haters, it gives us energy, please keep it coming!

The WorldCoin cryptocurrency is currently not available in the US. According to Altman, the US does not make or break a project like this. Also, they had no plans not to involve the US in the project. According to reports, its unavailability in the region is linked to regulators cracking down on digital assets based on fear of being used for fraud.

When we started thinking about this, we didn’t think it would end up as ‘world minus the US coin’ and here we are. I’d say there’s 95 percent of the world’s population not in the US. The US does not make or break a project like this.

It is important to note that the informal launch of this project drew several criticisms concerning the use of biometric data—eye scans—to verify users’ identities. Privacy risk was said to be involved with collecting, storing, and using such data. Others have also raised concerns about WorldCoin being used to identify people in such a personal and precise manner. 

As of press time, WorldCoin (WLD) was trading at $2.13 after surging by 27 percent in the last seven days. However, the recent launch has had no impact on its price as the asset takes a U-turn on the price curve to lose 17.88 percent of its value in the last 24 hours.