LIVE$WLD Worldcoin Project Raises Privacy Concerns
Worldcoin started as a digital identity project that uses blockchain technology to verify users’ identities securely. Founded by Sam Altman, Max Novendstern and Alex Blania, the initiative rewards individuals with its WLD token for participating in iris scans.
The project’s distinctive feature, the “Orbs,” are devices designed for these iris scans. While innovative, they have raised privacy concerns among regulators and the public.
Aimed at supporting Universal Basic Income (UBI), Worldcoin proposes a new model for distributing wealth using cryptocurrency.
In November 2023, Altman was announced to depart OpenAI, the creator behind generative artificial intelligence tools ChatGPT and DALL·E. He was abruptly removed from his position due to his alleged lack of candid communication.
Worldcoin price was initially impacted and took a dip, until it rebounded as Altman remained onboard of the project. Altman returned to OpenAI with major changes of the company’s board members within two weeks post his departure that uses blockchain technology to verify users’ identities securely. Founded by Sam Altman, Max Novendstern and Alex Blania, the initiative rewards individuals with its WLD token for participating in iris scans.
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