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Worldcoin

Worldcoin: Pioneering Global Digital Identity & Economy

Jul 28, 2023

In the ever-evolving realm of cryptocurrency, Worldcoin emerges as a game-changer. This ambitious project, founded by Alex Blania and Sam Altman, aspires to create a new identity and financial network owned by everyone. If successful, Worldcoin could redefine economic opportunity, privacy, and global democratic processes and even pave the way for AI-funded Universal Basic Income (UBI).

At the heart of Worldcoin lies a privacy-preserving digital identity known as World ID. This unique ID is obtained by visiting an Orb, a biometric verification device. The Orb allows users to prove their uniqueness online while maintaining absolute privacy.

Worldcoin also introduces a digital currency, WLD, which users receive simply for being human, where laws permit. The World App, the first protocol-compatible wallet, is now available for download, allowing users to reserve their share of Worldcoin.

Worldcoin’s journey is a daring attempt at global scale alignment. The outcome is uncertain, and the challenges are immense. Yet, the project’s founders believe that finding new ways to share the upcoming technological prosperity is a critical challenge of our time.

For more information, visit the official Worldcoin website here.

References:

  1. Worldcoin Official Website
  2. Worldcoin Whitepaper

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