Is the exclusive currency in the AI era coming? OpenAI CEO launched “World Coin” and nearly doubled on the day it was launched
2023-07-25 13:59:03 Source: Science and Technology Innovation Board Daily Shared to:
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WorldCoin, a Web3 encryption project developed by OpenAI founder Sam Altman (Sam Altman), was officially launched on Monday.
The project, which has 2 million users since its beta phase, is expanding to 35 cities in 20 countries after its official launch on Monday. Binance, the world’s largest cryptocurrency exchange by trading volume, as well as Huobi and OKX have announced that they have listed Worldcoin for trading.
On the day of its launch, the price of Worldcoin WLD soared rapidly. coingecko quotes show,WLD’s highest short-term rise to 3.3 US dollars, an increase of more than 98%the current WLD price is floating around $2.2.
The source of the price chart of Worldcoin WLD: coingecko
The initial circulation of WLD is 143 million, and the total amount is 10 billion. Calculated by the market value of circulation, the market value of WLD has reached 400 million US dollars, and calculated by fully diluted valuation,The project is already worth about $28 billion. In May of this year, OpenAI was valued at between US$27 billion and US$29 billion after completing a new round of financing.The market value of Worldcoin has been approximated with the superstar project OpenAI, which is also owned by Altman。
It is worth noting that,The value of the project is not only in creating a new virtual currency, but according to Altman, it is also inextricably linked with artificial intelligence.
The Worldcoin project is made up of several sub-projects, and its core product is World ID, which the company describes as a “digital passport” designed to differentiate humans from artificial intelligence.
Tools for Humanity, the company behind Worldcoin, offers free Worldcoin tokens called “WLD” to people around the world in exchange for scanning their irises with a device called “Orb.” Iris scanning ensures that each person can only have one Worldcoin ID. Tools for Humanity has also developed a related application WorldApp for this purpose.
Altman and Alex Blania, CEO of Tools for Humanity, believe that the need for humans to authenticate online and address income inequality is growing due to advances in artificial intelligence. In the era of generative artificial intelligence like ChatGPT, world ID will be necessary.
In the online announcement, the two are optimistic,If successful, Worldcoin could dramatically increase economic opportunity, provide a reliable solution to distinguish humans from AI while preserving privacy, and ultimately lead to a potential path to an AI-funded “Universal Basic Income (UBI)”.
What is the “Universal Basic Income Plan”? Simply put, it is “money distribution”, a social welfare program usually promoted by the government. According to technology media Coindesk, Altman claims that his cryptocurrency is a cryptocurrency that can be distributed equally to everyone in the world. In the Worldcoin project,WorldCoin gives away cryptocurrency once user agrees to iris scansounds quite “utopian”.
Tiago Sada, head of product at Tools for Humanity, has said that “everything that has happened in the past six months with AI has led to a better understanding of the project.”
Altman intends to use the rapid development of artificial intelligence to attract investment for Tools for Humanity, according to people familiar with the matter.
Such a beautiful description has made many people more vigilant. It is hard not to doubt the operation of Worldcoin exchanging biometric data for encrypted currency. Is this an attempt to defraud personal data? Is this a temporary marketing gimmick?
On the other hand, getting to Altman’s ideal would require more than a billion people to join, including those who resist biometrics and encryption. At present, this cryptocurrency project is still facing relatively large regulatory resistance. For example, due to the US Securities and Exchange Commission cracking down on the cryptocurrency industry, there are regulatory uncertainties, and the launch of Worldcoin in the United States has been suspended.
2023-07-25 05:59:03
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