Co-founded by OpenAI CEO Sam Altman, Worldcoin aims to provide its users with a verified digital identity.
- Plus it’s a cryptocurrency token named Worldcoin (WLD) and a crypto wallet app.
- “The goal is simple: A global financial and identity network based on proof of personhood,” Altman wrote on Twitter.
How it works: Worldcoin’s platform verifies a user’s identity by scanning their iris to create personal, secure identification codes.
- After launching, Ethereum founder Vitalik Buterin expressed his concerns about Worldcoin arguing that the platform’s iris scans could be harvesting more information than the company is letting on
- Or that someone could potentially scan someone else’s iris in order to determine whether they had a World ID.