Worldcoin, a new blockchain project co-founded by Sam Altman of OpenAI, has seen a surge in value of 34% in the last 24 hours following its listing on major exchanges including Binance, Bybit, OKX, and Huobi. The project uses iris scans with physical hardware called "Orbs" to create unique digital identities and offers a "privacy-preserving" World ID and a digital WLD token.

Worldcoin plans to deploy 1,500 Orbs to 35 cities worldwide this summer and fall to meet the "global demand for ID." The project's protocol-compatible wallet, World App, allows users to reserve their share and receive a World ID after visiting an Orb for biometric verification.