Worldcoin is a revolutionary cryptocurrency project with a mission to establish a comprehensive global identity and financial network accessible to all individuals. At the core of Worldcoin is the innovative use of an orb device that scans people's irises, providing a unique and verifiable identification method. By verifying human uniqueness, Worldcoin aims to empower individuals by rewarding them with Worldcoin tokens, fostering a more inclusive and accessible financial ecosystem. What is Worldcoin? Worldcoin is a revolutionary cryptocurrency project with a mission to establish a comprehensive global identity and financial network accessible to all individuals. At the core of Worldcoin is the innovative use of an orb device that scans people's irises, providing a unique and verifiable identification method. By verifying human uniqueness, Worldcoin aims to empower individuals by rewarding them with Worldcoin tokens, fostering a more inclusive and accessible financial ecosystem. In addition to its iris-scanning technology, Worldcoin offers a user-friendly World App that facilitates seamless transactions, payments, and transfers using Worldcoin and various other digital assets. Scheduled for launch in the first half of 2023, Worldcoin intends to distribute a total of 10 billion tokens, with 80% allocated to users. This distribution model aims to ensure widespread adoption and active participation within the Worldcoin ecosystem. How does Worldcoin work? In early 2020, Alex Blania joined forces with Worldcoin's cofounders, Sam Altman and Max Novendstern, driven by a profound question: "What if we could distribute shares of a new digital token to every individual worldwide?" Their vision was rooted in the belief that broader adoption of the currency would streamline payment transactions for everyone, making sending and receiving payments more convenient and efficient. The founders of Worldcoin had a grand vision of creating a global distribution system for Universal Basic Income (UBI), where regular money is provided to every individual by the government or an organization to fulfill their basic needs. Sam Altman, in particular, envisioned a future where Worldcoin could play a role in distributing substantial profits generated by AI systems equitably among the populace, fostering a more inclusive and fair economic landscape. In order to achieve the goal of fair coin distribution, Worldcoin recognized the importance of ensuring that individuals could only register once. To address this challenge, the founders implemented a biometric authentication system using iris scans. They created a device called Orb, which scans a person's iris to verify their uniqueness and humanity, assigning them a "World ID" that serves as a universal digital passport, facilitating secure and reliable participation in the Worldcoin ecosystem.

1. In a significant development, OpenAI CEO Sam Altman is on the verge of
finalizing a remarkable $100 million funding round for Worldcoin. This distinctive
cryptocurrency, co-founded by Altman and Alex Blania in 2019, introduces an
innovative approach by incorporating iris scanning technology. With a lofty goal
of providing every individual on the planet with a portion of its digital token,
Worldcoin has managed to captivate attention and secure substantial funding
despite the challenges faced by the crypto industry. Let's delve into the world of
Worldcoin and unravel the factors contributing to its success during a crypto
winter.
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