This week, the crypto project Worldcoin launched and, judging by the publications of its founder Sam Altman (also the creator of ChatGPT), it immediately gained immense popularity - people were essentially lining up in huge queues to get a World ID (what they call a "global digital passport" within the project), along with WLD tokens as a reward.
During the process, the Orb tool is used, scanning the retina and creating a unique identifier for the person - the data, as claimed, is not processed or stored locally.
The company says that the system uses artificial intelligence to create unique codes, and there are currently about 200 "nodes" available for registration. Interestingly, according to the founders of Worldcoin, a digital passport is necessary for a future in which "distinguishing between humans and robots will become increasingly difficult due to the surge of artificial intelligence technologies".
According to the Worldcoin roadmap, verification will be available in 35 cities in 20 countries, and the World App program itself - in 120 countries. The plan is to launch 1500 Orb units by the end of 2023.
During the test launch, the "nodes" scanned over 2 million people, of which 64% are from Asia and Africa, 19% from Latin America, and 17% from Europe.
"The third day of the Worldcoin launch, crazy lines around the world. One person getting verified every 8 seconds," Altman wrote on Twitter (or rather, in X) after the official opening.
The project lead added a video of a queue at one of the registration locations in Japan:
day 3 of @worldcoin launch, crazy lines around the world. one person getting verified every 8 seconds now. pic.twitter.com/vHRu1sWMT3
— Sam Altman (@sama) July 26, 2023
On the day of the official launch of the crypto project, the price of WLD jumped to $3.58 from $1.70. Binance and other exchanges listed the cryptocurrency, and tokens worth $145 million were sold, while the Worldcoin share price fell by 29.4%.
According to FT, Worldcoin is currently unavailable in the USA due to regulatory hurdles, however, investors (including venture capital groups Andreessen Horowitz and Khosla Ventures, internet entrepreneur Reid Hoffman, and Sam Bankman-Fried before the collapse of his FTX empire) have invested approximately $250 million in the project.
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