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thisCrowd - Audio Read
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In a world where cryptocurrencies, blockchain, and artificial intelligence converge, a visionary project is shaping a new era of biometric global identity and finance. Worldcoin, the brainchild of Sam Altman, Alex Blania, and Max Novendstern, has set forth a mission to tackle income inequality through its groundbreaking World ID feature, acting as the ultimate “proof-of-personhood.” After two years of intensive development, the highly-anticipated project finally emerged on July 24, 2023.
At its core, Worldcoin embarks on a tripartite journey: establishing a universal digital identity, launching a global currency in the form of Worldcoin tokens, and developing an app that fosters seamless transactions using various cryptocurrencies and traditional assets. But how does this ambitious vision come to life?
The heartbeat of Worldcoin lies in the concept of “proof-of-personhood,” a concept authenticated by the ingenious Orb, an eye-scanning device. As artificial intelligence continues to rise, verifying human identity becomes paramount, leading Worldcoin to pioneer the Orb as the ultimate solution. The project’s white paper emphasizes the Orb’s significance in providing AI-safe proof-of-personhood verification, hinting at the Orb’s potential as the future’s go-to biometric gear.
To join the Worldcoin ecosystem, individuals embark on a journey to the Orb centers dispersed across 35 countries and growing. Here, the Orb, a fascinating silver ball reminiscent of a bowling ball, conducts in-person iris scans to confirm a person’s human identity and generate their exclusive World ID. The allure of the project attracted 200 million beta users, and Worldcoin continues to blaze forward, eager to onboard even more participants. As an incentive, early adopters receive Worldcoin (WLD), the native token of the Worldcoin protocol.
To unlock the decentralized Worldcoin universe, users must first download the World app, which becomes their portal to undergo a retina scan at the Orb centers, thus obtaining their distinctive World ID. As the Worldcoin network expands, a plethora of decentralized applications (DApps) and utilities blossom, developed by enthusiastic minds leveraging the World ID Software Development Kit (SDK). Acquiring WLD tokens becomes a seamless process, with multiple avenues such as major centralized exchanges (CEXs) like Binance, KuCoin, OKX, Bybit, and Huobi or decentralized finance (DeFi) platforms like Uniswap and PancakeSwap.
As the world embraces Worldcoin, diverse sentiments emerge, ranging from enthusiasm to skepticism. Some critics voice concerns about privacy risks linked to retina scanning, with whistleblower Edward Snowden vocalizing resistance to the concept. Yet, amidst the controversy, Silicon Valley investors stand firmly in support, trusting the vision of the founding team. Worldcoin emerges as a pioneering project in an era dominated by generative AI and human-like bots, offering an unparalleled distinction between humans and AI entities in the digital realm. Projections suggest that over 1 billion people will have undergone Orb scans by 2023, hinting at the project’s immense potential.
As the dust settles on Worldcoin’s ambitious journey, the convergence of cryptocurrencies, blockchain, and AI technologies ushers in a new paradigm of biometric global identity and finance. However, as with any transformative endeavor, the project brings both promises and challenges. Potential investors and users are advised to tread cautiously, carefully weighing the opportunities and risks before immersing themselves in this groundbreaking world of possibilities.
