Worldcoin, a cryptocurrency project founded by OpenAI CEO Sam Altman, launched on Monday.
It aims to introduce innovative technology that includes the World ID system, iris-scanner Orb, and the Wold App wallet.
The programme uses an orb to scan people's eyes to create a unique digital identity.
However, some experts have voiced concerns over privacy and safety implications related to the project. In response, Altman has assured that these concerns will wane once the company's iris-scanning AI code is made open-source.
Worldcoin's official Twitter account put out the official announcement saying, "the Worldcoin project is now live."
The Worldcoin project is now live. pic.twitter.com/xZXG4w56Ps
— World (@worldcoin) July 24, 2023
The statement said Worldcoin will consist of a digital identity called World ID along with a digital currency token, which will be allotted to verified users wherever legally permitted.
Users can now download the World App and reserve a token. For this they would need to visit an Orb, which is a biometric verification device, to receive a World ID.
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