Inspenet, July 26, 2023.
WorldCoin (WLD) is the altcoin created by the founder of ChatGPT that is offered for free to people “simply for being human.”
Its official debut was last Monday, in which it was presented as a cryptocurrency that can be obtained for free in exchange for scanning the iris of the human eye using a special device. After three years of development, the WorldCoin Foundation announced that WLD is finally coming to life in the cryptocurrency market.
The purpose of this currency is to establish a kind of basic income for all people who register on its platform. Its goal is to provide a payment to those who lose their jobs due to the advancement of artificial intelligence and work automation, an idea suggested by Sam Altman, one of the developers of the project in 2021, when WorldCoin was launched.
The foundation affirms that the introduction of this cryptocurrency in the market seeks to create a new identity and a financial network that belongs to everyone. In addition, they emphasize that the protection of people’s privacy is an essential part of this initiative.
Likewise, the WorldCoin Foundation reports that the asset was launched on the Optimism mainnet, a second-layer scalability solution for the Ethereum platform.
WorldCoin will distinguish humans from AI
According to its developers, including Sam Altman, CEO of OpenAI (the company behind ChatGPT), this asset presents a “reliable solution” to distinguish humans from existing artificial intelligences today.
They explain that access to this asset is “free” after undergoing a biometric analysis through devices called “Orbs”, which allow the creators to receive the cryptoactive.
To access, users need to download the World App from the Google or Apple stores, which is a mobile wallet compatible with the WLD cryptocurrency.
After installing the application, it is necessary to register in the wallet. Once done, the wallet indicates that there is a reserve of 25 WLD , which can be received by the user after verifying their human status through the “Orbs” devices. It is relevant to mention that this verification is carried out through a system that analyzes the iris of the eye .
Regarding Orbs devices, the application itself provides information about its location, depending on the country, and the company ensures that they will be available in more than 35 cities around the world.
On the other hand, the verification and collection of private information by this company (just like any other) could represent a significant risk to users due to the possibility of facing potential threats of hacking or hacking attacks, which could result in in the exposure and theft of confidential data.
WLD listed on cryptocurrency exchanges
Within hours of announcing the launch of WorldCoin, several exchanges added it to their trading platforms. These include Binance, the world’s largest exchange in terms of trade volume, and other recognized exchanges in the ecosystem such as Huobi, ByBit, BitGet, and OKX.
WLD’s rapid listing on these exchanges is unusual, as many digital assets often require weeks, months, or even years to be listed on exchanges.
On Monday, WorldCoin made its debut on major cryptocurrency market price monitors exceptionally quickly. The digital currency is already listed on CoinMarketCap and CoinGecko, services widely used to track the prices of digital assets.
Immediately after its debut, WLD began its day higher, rising 48%, going from $0 to $3.30 in a matter of minutes.
Source: https://www.criptonoticias.com/mercados/activacion-worldcoin-agita-ecosistema-criptomonedas/
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