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Distinct Post > Business > Tech > Open AI’s CEO launches Worldcoin crypto project 
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Tech

Open AI’s CEO launches Worldcoin crypto project 

Kelly Tyler Published July 24, 2023
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On Monday, Sam Altman, the chief executive of OpenAI launched the Worldcoin project along with two co-founders saying they seek to give users a verified digital identity and key to a financial network.

In a statement written on Worldcoin’s website, it read, that today the Worldcoin Foundation announced that the project of Sam Altman, Alex Blania, and Max Novendstern, Worldcoin, is now live.

Worldcoin said that the project, Worldcoin, delivers users a personal digital identity, “World ID” after they register in person, where an scanner device “Orb” scan the user’s eyes’ unique iris pattern to verify that they are a real person who register for the ID.

Verified digital identities will be necessary to identify users from AI online, the founders said.

The digital firm also launched its token on Monday to millions of its users who participated in the beta, the statement said.

Worldcoin wants to create the financial public network for the World’s largest identity, according to the firm’s website.

Altman and Blania said in a letter posted to Twitter that if we will achieve our aim then we believe Worldcoin could boost financial prospects, mount a steadfast solution for differentiating humans from AI online while keeping privacy, promote global democratic processes, and yet show a probable path to AI-funded.

Worldcoin spent three years developing this financial project, while almost 2 million people registered as World ID users during its beta testing. 

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!

— Sam Altman (@sama) July 24, 2023

According to the company’s website, the company spent three years developing the project, and 2 million people signed up for a World ID during its beta testing. Worldcoin is rolling out 1,500 Orbs across the world, which will allow millions more to register.

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