The team behind a new cryptocurrency is aiming to fast-track mass digital-asset adoption — and to achieve this, they want to scan people's iris. One billion by to be exact. Worldcoin, which came out of stealth this past week, will give its cryptocurrency to each person who signs up. So far, it has scanned more than , people from around the world through a new device called the Orb. The coin will go live in the first quarter of
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- Silicon Valley startup Worldcoin offers free crypto for a scan of your eyes
- The eyeball-scanning cryptocurrency launches with a $1B valuation despite privacy concerns
- Beware the Orb Crypto Project
- Worldcoin cryptocurrency stack icon vector image
- Edward Snowden Isn’t A Fan Of Worldcoin Crypto And We’re Not Surprised
- Sam Altman's Worldcoin Unveils Hardware That Will Scan Your Eyeballs for Crypto
- Crypto Economist
- A Biometric Database run by a Cryptocurrency Corporation?
- Worldcoin iris biometrics cryptocurrency project launched by Sam Altman
Silicon Valley startup Worldcoin offers free crypto for a scan of your eyes
The digital world runs on eyeballs. Nearly every website you visit competes for readers so they can monetize your attention via ads. And one of the main players in the Silicon Valley tech scene who has helped make eyeballs so valuable thinks they should have another use, too: to create cryptocurrency. Worldcoin, a "new global cryptocurrency" developed by former Y Combinator president Sam Altman along with Bridgewater investment associate Max Novendstern and Cal Tech quantum computing grad student Alex Blania, is coming out of "stealth" today and introducing the hardware behind the project.
Worldcoin, details of which leaked to Bloomberg in June, is a token built atop Ethereum. The idea is to distribute it to anyone around the world for free, akin to a universal basic income. There's just one catch. You'll have to arrange to have your eyeballs scanned by the hardware device the trio have developed.
Called "the Orb," the device takes an image of a person's eyes to determine that they're real and haven't already been scanned. Anyone familiar with the Know-Your-Customer procedures of exchanges like Binance and Coinbase should recognize something in this process, but the purpose ostensibly isn't for KYC but for digital ID.
According to a Worldcoin blog post today, that image is translated into code so that the picture doesn't need to be kept. Moreover, "no other personal information is required. Just your retina, please. Those who don't want to get scanned can still use Worldcoin, though they won't get their pre-allotted free share.
Worldcoin says it's signed up 25 operators who are running 30 orbs in four continents. It thinks that after initial distribution, it can get 50, on the market per year. Worldcoin told Decrypt the operators are paid in cryptocurrencies and will earn WLD once that goes live. A number of big-money investors think Worldcoin is on to something.
The Series A was led by none other than Andreessen Horowitz, which began funding Facebook when it still had one foot in college dorms.
It's hoping others see its vision. In brief Worldcoin is billed as a new global cryptocurrency. To get a free share, you have to show "the Orb" your eyes. Load More.
The eyeball-scanning cryptocurrency launches with a $1B valuation despite privacy concerns
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Beware the Orb Crypto Project
CryptoSlate does not endorse or rate any crypto projects. Please read our Coin Database Disclaimer for more informatio. Learn More Hide This. Reported Volume calculates volume from all exchanges with market pairs, but due to factors such as wash trading, it is considered an unreliable metric. Worldcoin is a second generation digital currency secured by cryptography. As a descendant of Bitcoin it shares many similarities but is more advanced and business friendly. All images, branding and wording is copyright of WorldCoin. All content on this page is used for informational purposes only.
Worldcoin cryptocurrency stack icon vector image
Worldcoin has a generous endeavor - give everyone free money and build a massive network. The idea behind it is to entice a bigger user base of cryptocurrency while providing those involved with a stable income. Altman and his team set the goal at one billion users by How they will achieve this goal is as mysterious as Worldcoin itself.
Edward Snowden Isn’t A Fan Of Worldcoin Crypto And We’re Not Surprised
It claims this process is vital in its model to ensure that it distributes the coins to a human and not a bot , and that nobody attempts to claim more than they are owed. Worldcoin, which is only a few months away from a global launch, claims that this way much more convenient than the traditional ways of identifying an individual as no other personal information is required. Images will not be stored or uploaded, and the unique code is not attached to any user's crypto-wallet or transactions, with the aim of preserving privacy. Field tests are being run in several locations around with world, with people allegedly waiting hours to receive their share. Currently, a single Orb device can onboard around new punters per week, with Altman and Blanie hoping to produce 50, devices per year. Bloomsbury Publishing chief executive Nigel Newton joined Proactive's Stephen Gunnion with details of a trading update for the year to end-February, which detailed profit that was materially ahead of market forecasts as recent sales came in higher than expected.
Sam Altman's Worldcoin Unveils Hardware That Will Scan Your Eyeballs for Crypto
Source: Worldcoin. Days ago, the Orb — or more specifically, the company behind the Orb, Worldcoin — emerged from stealth. The company is trying hard to position itself as some kind of magnanimous organization developing a common good for everyone on the planet. Before I go further, I must provide an important reminder. The company wants to quickly ramp up and capture their first billion retinas and facial scans using the Orb. Source: Venturebeat.
Find the exchange with the lowest fees, best methods for depositing or your geographical area and start trading WorldCoin. So you've made a little WorldCoin and now you want to spend it? These are the places to do it!
A Biometric Database run by a Cryptocurrency Corporation?RELATED VIDEO: What is World Coin? (Should We Be Worried or Excited)
Worldcoin will launch by giving a free share to everyone on Earth. We believe that this is an essential step to accelerate the transition towards a more inclusive global economy, providing new ways for everyone to share future prosperity. The Economics team uses a market design approach to develop practical incentive mechanisms that scale to more than a billion participants of the Worldcoin network. In our team, Economists, Computer Scientists and Statisticians work together to rapidly design, build, and field-test Operator auctions, user incentive programs, fraud mitigation techniques, etc. Using data from large-scale field experiments, we iterate quickly and often to optimize our designs.
Worldcoin iris biometrics cryptocurrency project launched by Sam Altman
Privacy, Technology and Perspective. A Biometric Database run by a Cryptocurrency Corporation? Specifically, we determine whether you are real and unique without requiring you to provide personal information like your name, email address, physical address, or phone number. To make all of this possible, we use technological and cryptographic techniques that many people are not yet familiar with. Worldcoin claims to create identifiers that correlate to the iris scans, but not to store the original scans themselves. A link to that webpage describing all of this follows:.
Sam Altman has a new startup that intends to give a special type of cryptocurrency to every person on earth. Altman, the former head of the Silicon Valley business incubator Y Combinator, is one of three founders of the company Worldcoin. Altman, 36, said in an interview that he conceived the idea in late The intention was to use cryptocurrency to spread money around equitably, inspired by the trendy economic theory known as universal basic income.