WLD | WORLDCOIN & Sam Altman 🌎
Updated
What if I told you, all you need to do to get free money is to look into this Orb! would you do it?
Worldcoin wants to give everyone free crypto in exchange for scanning their eyeballs which at this time, over 2 million people have signed up
The project has garnered serious attention and has early investors such as Andreesen Horowitz, Coinbase Ventures, LinkedIn Cofounder Reid Hoffman, Solana founder Anatoly Yakovenko,
Polkadot founder Gavin Wood and even the infamous degen SBF himself!
In March 2022, a funding round brought Worldcoin’s valuation to an eye watering $3 billion.
The price of Worldcoin is $2.2 today with a 24hour trading volume of 300 million dollar but
Why are VCs pouring money into Worldcoin and why does Worldcoin want your eyeballs ?!
Tools for Humanity, the company behind Worldcoin, is co-founded by Alex Blania and Sam Altman.you might be more familiar with Sam as he is also the founder behind OpenAI, the company behind the AI chatbot ChatGPT, which took the world by storm since its release in November last year.
The wild success of ChatGPT also spawned an AI arms race between tech giants, which probably
means AI will only get more advanced from now.
The rapid advancement in AI is now worrying the public as AIs are now able to ace the SAT, create increasingly convincing deepfakes, and probably most concerningly, remove the need for humans in the workforce.
Perhaps it’s a coincidence, but Sam has a solution for the identity problem as well as for aiding people whose jobs are taken by AI…Worldcoin. In a world set to be increasingly impacted by AI, Worldcoin purportedly aims to provide individuals a way to verify ‘personhood’ as well as access to universal basic income.To achieve this, Worldcoin is attempting to create a global digital identity and financial network using blockchain technology.
Worldcoin is currently testing its smart contract on the Polygon Network but is in collaboration
with Ethereum Layer2 Optimism to build on and migrate to its network.The team has launched World App in May, a non custodial wallet which enables its users to transact with the Worldcoin token and a few other cryptos, as well as interact with dApps on the Ethereum ecosystem.
However, the key feature of World App is enabling World ID,Its is a global digital passport that allows users to prove their identity while preserving their private information through the use of cryptography and zero knowledge proofs.
World ID can help establish ‘proof of personhood’,meaning to prove that someone is a real, unique human. Proof-of-personhood could be useful to prevent the spread of misinformation by realistic AI-generated content, as well as limiting Sybil-attacks, which are basically online attacks where a single attacker assumes multiple fake identities to gain influence over a network.
As World ID gets more adoption, it’s meant to be used as a method to sign in to websites, mobile apps, and crypto dApps, perform actions such as voting in DAOs or even government elections, as well as receiving aid from NGOs and government programs.
As of now, to obtain a verified World ID,users are required to gaze into the infamous Orb.
The Orb will perform an iris scan and a machine learning algorithm within the Orb will ensure
that the eyeballs scanned are indeed real human irises and not something else, like colored contact lenses or... a cat.
Then the iris scan will be converted to a hashcode or as Worldcoin calls it, ‘IrisHash’. As soon as the code is generated, the Orb supposedly deletes any images from the scan. Within the Orb, the IrisHash is encrypted with a private key before being uploaded on-chain and cross-checked with the existing catalog of IrisHashes.
If the IrisHash does not match any records,it will be added to the catalog. When Worldcoin launches, each verified World ID owner will then be eligible to claim their one-time airdrop of
WLD tokens. which worth 50$ right now
Many have asked why World ID needs iris scans for proof-of-personhood.Supposedly, it’s because the human iris has a very high degree of randomness, making it a much more effective biometric than faces or fingerprints to differentiate between billions of individuals and establish proof-of-personhood.
Unsurprisingly, Worldcoin’s decision to create a global digital identity network using iris scans has raised a lot of eyebrows, understandably so due to its uncanny similarity to what you’d
see in a Black Mirror episode.
Just as Worldcoin was introduced back in October 2021, NSA whistleblower Edward Snowden slammed the use of iris scans. Although Worldcoin has promised that the iris scans will not be saved, Snowden pointed out that the hashcodes produced by these scans are still saved and would match future scans, and that the use of zk-proofs doesn’t justify the use of biometrics for anti-fraud.
There is also pushback from the crypto community- some argued that the ability to use multiple
accounts in Web3 for privacy is a feature, not a flaw; and though most agreed that Web3 is in need of protection against sybil-attacks, it is not necessary to have 100% sybil-resistance
as long as there is a method that can prevent a large enough percentage of sybils.
Additionally, MIT Technology Review released a damning report last year against Worldcoin
on the revelations upon investigating Worldcoin’s field testing.Much of its early field testing is conducted in poorer, developing countries such as Indonesia,Sudan and Kenya where data privacy regulations are weaker and whose communities were the most financially impacted by the pandemic.
The lengthy report revealed that Orb operators were given limited information during recruitment, other than being made aware that their payment is based on the number of signups they achieve.
Operators were then employing strategies such as hosting giveaways of cash and Airpods to encourage sign-ups while providing participants little information on Worldcoin’s campaign.
On top of that, Worldcoin claimed that only an iris scan is needed for sign-ups.However, orb operators also requested email addresses and phone numbers of participants, which a Worldcoin representative denied as part of the data collection practice.
A black market for verified iris scans has even popped up in China where the Worldcoin app isn’t supposed to be available, though the Worldcoin team is attempting to contain the issue.
Furthermore, the project was found to have made contradictory claims of compliance with EU data regulations and was accused of lacking transparency in its data collection practices.
While it seems that Worldcoin is neck-deep in controversies, the project has just received
another $115 million in a series C funding round last month. Onboarding billions of people to create a global digital identity and financial network to distribute universal basic income is a tall order.
With the backlash it's getting from its field-testing and many wondering if Worldcoin is simply
a cover for mass data collection, it remains to be seen whether Worldcoin can deliver on their promises.
Unlike offshore exchanges, none of the U.S.-based cryptocurrency exchanges such as Coinbase Kraken has Worldcoin listed. Worldcoin notes that WLD tokens are not available to persons or companies residing in the United States, however World ID and TFH's World App are still available in the United States.
also the founder of the security agency Slow Mist said that if Worldcoin succeeds, it will be an evil product, but there is a high probability of failure. the iris is almost the most stable and long-lasting unique mark of human beings. The promise of the Worldcoin white paper is good, but it is still possible for hackers to paint a portrait through the hash information!
Worldcoin wants to give everyone free crypto in exchange for scanning their eyeballs which at this time, over 2 million people have signed up
The project has garnered serious attention and has early investors such as Andreesen Horowitz, Coinbase Ventures, LinkedIn Cofounder Reid Hoffman, Solana founder Anatoly Yakovenko,
Polkadot founder Gavin Wood and even the infamous degen SBF himself!
In March 2022, a funding round brought Worldcoin’s valuation to an eye watering $3 billion.
The price of Worldcoin is $2.2 today with a 24hour trading volume of 300 million dollar but
Why are VCs pouring money into Worldcoin and why does Worldcoin want your eyeballs ?!
Tools for Humanity, the company behind Worldcoin, is co-founded by Alex Blania and Sam Altman.you might be more familiar with Sam as he is also the founder behind OpenAI, the company behind the AI chatbot ChatGPT, which took the world by storm since its release in November last year.
The wild success of ChatGPT also spawned an AI arms race between tech giants, which probably
means AI will only get more advanced from now.
The rapid advancement in AI is now worrying the public as AIs are now able to ace the SAT, create increasingly convincing deepfakes, and probably most concerningly, remove the need for humans in the workforce.
Perhaps it’s a coincidence, but Sam has a solution for the identity problem as well as for aiding people whose jobs are taken by AI…Worldcoin. In a world set to be increasingly impacted by AI, Worldcoin purportedly aims to provide individuals a way to verify ‘personhood’ as well as access to universal basic income.To achieve this, Worldcoin is attempting to create a global digital identity and financial network using blockchain technology.
Worldcoin is currently testing its smart contract on the Polygon Network but is in collaboration
with Ethereum Layer2 Optimism to build on and migrate to its network.The team has launched World App in May, a non custodial wallet which enables its users to transact with the Worldcoin token and a few other cryptos, as well as interact with dApps on the Ethereum ecosystem.
However, the key feature of World App is enabling World ID,Its is a global digital passport that allows users to prove their identity while preserving their private information through the use of cryptography and zero knowledge proofs.
World ID can help establish ‘proof of personhood’,meaning to prove that someone is a real, unique human. Proof-of-personhood could be useful to prevent the spread of misinformation by realistic AI-generated content, as well as limiting Sybil-attacks, which are basically online attacks where a single attacker assumes multiple fake identities to gain influence over a network.
As World ID gets more adoption, it’s meant to be used as a method to sign in to websites, mobile apps, and crypto dApps, perform actions such as voting in DAOs or even government elections, as well as receiving aid from NGOs and government programs.
As of now, to obtain a verified World ID,users are required to gaze into the infamous Orb.
The Orb will perform an iris scan and a machine learning algorithm within the Orb will ensure
that the eyeballs scanned are indeed real human irises and not something else, like colored contact lenses or... a cat.
Then the iris scan will be converted to a hashcode or as Worldcoin calls it, ‘IrisHash’. As soon as the code is generated, the Orb supposedly deletes any images from the scan. Within the Orb, the IrisHash is encrypted with a private key before being uploaded on-chain and cross-checked with the existing catalog of IrisHashes.
If the IrisHash does not match any records,it will be added to the catalog. When Worldcoin launches, each verified World ID owner will then be eligible to claim their one-time airdrop of
WLD tokens. which worth 50$ right nowMany have asked why World ID needs iris scans for proof-of-personhood.Supposedly, it’s because the human iris has a very high degree of randomness, making it a much more effective biometric than faces or fingerprints to differentiate between billions of individuals and establish proof-of-personhood.
Unsurprisingly, Worldcoin’s decision to create a global digital identity network using iris scans has raised a lot of eyebrows, understandably so due to its uncanny similarity to what you’d
see in a Black Mirror episode.
Just as Worldcoin was introduced back in October 2021, NSA whistleblower Edward Snowden slammed the use of iris scans. Although Worldcoin has promised that the iris scans will not be saved, Snowden pointed out that the hashcodes produced by these scans are still saved and would match future scans, and that the use of zk-proofs doesn’t justify the use of biometrics for anti-fraud.
There is also pushback from the crypto community- some argued that the ability to use multiple
accounts in Web3 for privacy is a feature, not a flaw; and though most agreed that Web3 is in need of protection against sybil-attacks, it is not necessary to have 100% sybil-resistance
as long as there is a method that can prevent a large enough percentage of sybils.
Additionally, MIT Technology Review released a damning report last year against Worldcoin
on the revelations upon investigating Worldcoin’s field testing.Much of its early field testing is conducted in poorer, developing countries such as Indonesia,Sudan and Kenya where data privacy regulations are weaker and whose communities were the most financially impacted by the pandemic.
The lengthy report revealed that Orb operators were given limited information during recruitment, other than being made aware that their payment is based on the number of signups they achieve.
Operators were then employing strategies such as hosting giveaways of cash and Airpods to encourage sign-ups while providing participants little information on Worldcoin’s campaign.
On top of that, Worldcoin claimed that only an iris scan is needed for sign-ups.However, orb operators also requested email addresses and phone numbers of participants, which a Worldcoin representative denied as part of the data collection practice.
A black market for verified iris scans has even popped up in China where the Worldcoin app isn’t supposed to be available, though the Worldcoin team is attempting to contain the issue.
Furthermore, the project was found to have made contradictory claims of compliance with EU data regulations and was accused of lacking transparency in its data collection practices.
While it seems that Worldcoin is neck-deep in controversies, the project has just received
another $115 million in a series C funding round last month. Onboarding billions of people to create a global digital identity and financial network to distribute universal basic income is a tall order.
With the backlash it's getting from its field-testing and many wondering if Worldcoin is simply
a cover for mass data collection, it remains to be seen whether Worldcoin can deliver on their promises.
Unlike offshore exchanges, none of the U.S.-based cryptocurrency exchanges such as Coinbase Kraken has Worldcoin listed. Worldcoin notes that WLD tokens are not available to persons or companies residing in the United States, however World ID and TFH's World App are still available in the United States.
also the founder of the security agency Slow Mist said that if Worldcoin succeeds, it will be an evil product, but there is a high probability of failure. the iris is almost the most stable and long-lasting unique mark of human beings. The promise of the Worldcoin white paper is good, but it is still possible for hackers to paint a portrait through the hash information!
Note
Note
Worldcoin said that demand for World ID in Argentina drove Orb verification to a new single-day record, with 9,500 users completing verification in a single day. World App is currently the number one app in Argentina on the App StoreNote
Note
people who get airdrop sell it immediately
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Note
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Note
Worldcoin Wallet WorldAPP announced that it currently has more than 1 million monthly active users, 4 million downloads and 22 million transactions, making it the sixth most popular hot wallet in the world. It also has more than 100K daily active users and more than 500K weekly active users.Trade active
Note
Sam Altman fired as CEO of OpenAITrade active
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we hit all targets
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patience is key
Note
Worldcoin said that World ID verification can now be carried out in Singapore through its hardware device Orb. It recently announced that it will no longer provide its Orb verification service in India, Brazil and France. Additionally, the World ID-compatible wallet World App has been downloaded 5 million times and has 1.7 million monthly active users.Trade active
we hit all targets
Trade active
Note
Worldcoin stated that the number of World APP users exceeded 1 million this Sunday, hitting a record high. Worldcoin was created by OpenAI co-founder Sam Altman. The price of its token WLD has surged recently due to the launch of Sora, rising by more than 140% in the past week to exceed $6.Note
we hit our new targets
Note
Sam Altman returns to the OpenAI board of directorsNote
Vitalik once again expressed his appreciation for Worldcoin: they actually have been doing quite a good job of taking the privacy critiques seriously and designing their system to be more and more data-minimal. Vitalik earlier stated that Worldcoin's efforts in privacy protection are much higher than other centralized authentication solutionsNote
OpenAI has announced a live stream for 10AM PT on May 13, to demo updates to ChatGPT and GPT4Note
what a ride
Note
Worldcoin Foundation has released a developer preview of its own L2 networkThe Worldcoin Foundation, an organization behind Worldcoin, has launched a developer preview of an upcoming World Chain Layer 2 network. This innovation will allow developers to build, test, and provide feedback on World Chain before its mainnet launch this summer. Worldcoin is a decentralized open-source protocol co-founded by OpenAI CEO Sam Altman. The project has raised 240M through several funding rounds backed by a16z, Blockchain Capital, Coinbase, Multicoin Capital, Hashed, and others.
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Note
TFH team told the Worldcoin Foundation that this highly anticipated token unlock is going to be conducted for 80% of the WLD coin held by the Tools for Humanity team. Moreover, it has been extended from a period of three years to five years. This is done to follow the broader mission of Worldcoin. The WLD team further revealed that this token unlock will not impact WLD grants for World ID holders.Trade active
we hit all targets
Note
An OpenAI spokesperson stated that there are no plans to announce ChatGPT-5 at the DevDay scheduled for October.Note
FTX Bankruptcy Estate transferred 205.38k WLD to Binance Deposit at 1:03 UTC+8 today, worth about $351,000. WLD is Alameda's second largest holding, and this is its first transfer of WLD to a CEX. Alameda now holds about $46.25 million worth of WLDTrade active
Singapore police are investigating seven individuals suspected of providing Worldcoin accounts and token trading services, and have arrested five people. Three men are suspected of recruiting people to create Worldcoin accounts on behalf of multiple entities, and then controlling these accounts and tokens in exchange for cash!
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Worldcoin Gains Momentum Following Rebrand and World Chain Launch
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