Worldcoin Co-Founder Claims Open-Sourcing Code Will Address Privacy Concerns
June 15 (Cointime) - According to Worldcoin co-founder Sam Altman, privacy concerns will decrease once the company open-sources its code. Altman also believes that blockchain and crypto can help alleviate fears surrounding the threat of "super" artificial intelligence.
WorldCoin Unveils Revolutionary Global Payment Protocol for Digital Assets and Currencies
WorldCoin, a decentralized system supported by the WorldCoin Foundation and Tools for Humanity, has introduced a new payment mechanism to enhance accessibility and security of financial transactions globally. The protocol aims to change the way individuals transfer, receive, and hold digital assets, stablecoins, and traditional currencies, with the user community responsible for oversight and decision-making. WorldCoin's protocol includes World ID, WorldCoin Token, and World App, and can be purchased on exchanges like BitGet, XT.COM, and Poloniex using various payment methods. Users can sign up for World ID through the World App and receive free WDC tokens after verifying their uniqueness at an Orb. Safe storage of digital currency can be achieved through a crypto exchange or broker, or through a crypto wallet with varying degrees of protection. P2P trading platforms and third-party payment services can also be used for direct transactions and money transfers.
Sam Altman’s Crypto Project Worldcoin Raises $115M Led By Blockchain Capital
Worldcoin, a decentralized open source protocol co-founded by OpenAI CEO Sam Altman, has raised $115 million in a Series C funding round led by Blockchain Capital with participation from a16z, Bain Capital Crypto and Distributed Global. The project is being built around the decentralized World ID and the Worldcoin token and has onboarded nearly 2 million people already. The capital will help accelerate research and development efforts on the Worldcoin project and the World App, which is the first crypto wallet for the Worldcoin ecosystem.
Privacy Concerns Arise as Black Market Emerges for Worldcoin's Biometric Verification Process
Worldcoin, a cryptocurrency project led by OpenAI CEO Sam Altman, is facing privacy concerns due to a black market for biometric information required for the project's verification process.
Scammers Exploit Worldcoin’s Iris Scanning System Ahead of Token Launch
The Worldcoin project, which is set to launch soon, requires individuals to prove their uniqueness through an iris scan by one of Worldcoin's orbs. Over 1.7 million people have already signed up, with the majority of them in the Global South. However, scammers are finding ways to cheat the system, with people in China reportedly purchasing iris scans taken in Cambodia and Africa for as little as $30. Worldcoin has acknowledged these incidents, stating that the problem was confined to a few hundred instances, and has taken several steps to contain the issue. Despite these precautions, the project admits that innovative ideas in mechanism design and the attribution of social relationships will be necessary to address challenges such as collusion or attempts to bypass the one-person-one-proof principle. The token is set to launch in the first half of this year, and the organization is currently valued at $3 billion after reportedly raising $100 million from Khosla Ventures and a16z in March 2022.
Tech Leaders Testify Before Congress on Regulation of Generative AI Models and Call for Privacy Protections and Oversight
Sam Altman, the CEO of OpenAI and co-founder of Worldcoin, recently testified before Congress alongside IBM’s chief of trust, Christina Montgomery, and NYU professor Gary Marcus. The Senate judiciary subcommittee session focused on the potential threats posed by generative AI models and how lawmakers should approach regulation. Altman advocated for the establishment of a federal oversight agency with the authority to issue and revoke development licenses, and suggested that creators should be compensated when their work is used to train an AI system. Additionally, Altman agreed that consumers who suffer harm using AI products should be entitled to sue the developer. The speakers also agreed with members of Congress that the U.S. needed a national privacy law similar to those in Europe.
Worldcoin Raises Close To $100M For Its Global Cryptocurrency
Worldcoin, a start-up founded by Sam Altman of OpenAI and Alex Blania in 2019, has secured nearly $100 million in funding for its blockchain protocol and is set to launch in the next six weeks. The new digital currency aims to address the problem of distinguishing between humans and bots while providing a form of universal basic income to offset job losses caused by AI. Worldcoin's innovative use of iris scanning technology has clearly resonated with investors, despite concerns over potential privacy risks. The success of Worldcoin's fundraising round is a positive development for the crypto sector, which has faced significant challenges in recent times.
OpenAI’s Sam Altman nears $100mn funding for Worldcoin crypto project
Sam Altman's crypto project Worldcoin, which aims to create a global identification system using iris scans to provide access to a free global currency, is close to raising around $100 million in funding. Worldcoin was founded in 2019 by Altman and Alex Blania but has kept a low profile compared to OpenAI. The company plans to use iris scanning orbs to establish individuals' digital identities which can then be used pseudonymously to receive free Worldcoin tokens. However, critics have raised privacy concerns about the biometric scanning and potential risks. Worldcoin claims the orbs will not store iris scans or harm users' eyes. The company is now gearing up to launch its blockchain protocol within the next six weeks.
Optimism Integrates Worldcoin's World ID and World App on Mainnet for Layer 2 Scaling Solution
Optimism, a Layer 2 scaling solution for the Ethereum network, has announced its integration of World ID and World App, Worldcoin's flagship products on its Mainnet. The partnership has been in the making for over a year and is a welcome complement to Optimism's efforts to develop a strong decentralized identification ecosystem.
Worldcoin to Migrate World App from Polygon to Optimism's Ecosystem
Worldcoin, a crypto project led by Sam Altman, has announced a partnership with Optimism Collective to migrate its World App from Polygon to Optimism's OP Mainnet. The World ID protocol will also be available on OP Mainnet. Worldcoin's commitment to Optimism's ecosystem goes back to December 2020, and the collaboration will expand access and help Worldcoin reach a values-aligned ecosystem of developers and users. World App gives users a way to manage their World ID, a tool for proving personhood online, alongside a range of cryptocurrencies. Optimism's Superchain vision aims to bring scalable and decentralized computing to the world.
