OpenAI CEO Sam Altman’s Crypto Project WorldCoin Launches WLD Token

WorldCoin – one of the most controversial projects in the digital asset space – has announced the launch of its WLD token. The company plans to distribute WLD to more than two million people worldwide.

In addition to the many delays, WorldCoin has faced some serious concerns about potential privacy risks because it includes a biometric verification tool to obtain WorldID. Nevertheless, the team behind the project believes that if successful it could vastly increase the economic opportunity and scale a reliable solution to separate humans from AI online while preserving privacy.

WorldCoin token goes live

a controversial start, later reports also accused of security lapse Cheat Marketing practices dominate the general discussion on WorldCoin.

Led by Sam Altman, CEO of ChatGPT developer, OpenAI, the project is registering users across the world with the help of its physical imaging device called ‘Orb’. The goal of the project is to give everyone on the planet some WLD tokens after registration, while their accounts are anonymous.

But the launch comes at a time when regulators in the United States have stepped up their crackdown on token issuers in the country. While WorldCoin is expanding operations to 35 cities in 20 countries, WLD tokens will not be available in the US.

The letter from co-founders Alex Blania and Sam Altman announcing the launch read,

“WorldCoin is an attempt at global alignment, the journey will be challenging and the outcome uncertain. But finding new ways to widely share the coming technological prosperity is a critical challenge of our time. We hope you will join us.”

WorldCoin raised $115 million in Series C funding round led by Blockchain Capital in May this year. The funding round also saw participation from a16z, Bain Capital and Distributed Global.

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WorldCoin’s ultimate goal is to eventually show a possible path to an AI-funded UBI, aka “universal basic income,” a government-run social benefit program that entitles every individual to receive regular payments. However, Altman believes that an AI-powered UBI has the potential to address fraud as well as address income inequality.

That’s it – Sam Altman of OpenAI announced that his WorldCoin “financial and identity” network has launched.

You have to have your irises scanned to get in. No kidding. pic.twitter.com/YMtIdNPueP

– Disclose.tv (@disclosetv) 24 July 2023

Several members of the community quipped on the unique process of scanning the irises of others to get inside compared to For the crypto project “Digital Dictatorship”. The privacy argument has had little impact on crypto exchanges like Binance announced The WLD token is planned to be listed on July 24. Other major platforms including Huobi, KuCoin and Bitmart also obeyed Dress.