Worldcoin (WLD) is a cryptocurrency that aims to create a global financial identity network based on blockchain technologies and biometric data. The project was developed by Tools for Humanity, a company founded by Sam Altman, CEO of OpenAI, in collaboration with Max Novendstern and Alex Plania in 2019.
Project goals:
Human identity verification: The project aims to provide a reliable way to verify the identity of individuals online, helping to distinguish between humans and artificial intelligence.
Financial inclusion: The project seeks to provide access to financial services for the unbanked, by creating a new financial network based on digital identity.
Mechanism of operation:
Orb device: The project uses a special device called "Orb" to scan the iris, with the aim of creating a unique global identifier for each user.
World ID: After scanning, the user receives a "World ID", a digital identifier that can be used to prove identity online without revealing personal information.
World App: The app is a digital wallet that enables users to manage their digital identity and interact with the Worldcoin protocol.
WLD Cryptocurrency:
Distribution: WLD coins are distributed to verified users via the Orb device, with the aim of achieving a wide and decentralized distribution of the currency.