Worldcoin is a novel cryptocurrency that works by scanning people's irises, and its creator, Sam Altman, the CEO of OpenAI, is close to obtaining US$100 million. Worldcoin, which was co-founded by Sam Altman and Alex Blania in 2019, has a lofty goal: to provide a piece of a new digital token to every person on Earth with iris-scanning cryptocurrency. But what is Worldcoin, and how has it managed to raise such money amid the crypto winter? This article will show how Sam Altman supports the iris-scanning cryptocurrency.
Worldcoin is a cryptocurrency concept that seeks to build a universal identification and financial network. To verify users' individuality and humanity, it utilizes a tool called an orb that scans their irises and pays them in Worldcoin tokens.
It also features a World App that allows transfers, purchases, and payments using Worldcoin and other virtual currencies. Worldcoin intends to issue 10 billion tokens overall, with 80% going to users when it launches in the first half of 2023.
Working with Worldcoin cofounders Sam Altman and Max Novendstern began in early 2020 for Alex Blania. What if there were a method to freely distribute shares of a new digital token to everyone on the planet? was the basic idea that drove them. The three creators had the opinion that it would be simpler to transmit and receive payments using a currency if more people owned it.
Universal fundamental Income, which is essentially regular money from the government or organization for everyone to satisfy fundamental requirements, was the creators' ambition for Worldcoin. Altman even dreamed that the coin will one day be used to equally disperse the enormous revenues made by AI systems.
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