Sam Altman’s crypto project Worldcoin is set to launch its highly anticipated WLD token and mainnet on Monday, marking a significant milestone for the company. The Worldcoin Foundation announced that the project has completed the protocol’s migration to the OP Mainnet, allowing for the expansion of Orb sign-ups for World ID across 35 cities in 20 countries around the world.
Altman, who is best known as the co-founder of Open AI and the driving force behind ChatGPT, has played an integral role in the development of Worldcoin. The project’s team, known as Tools for Humanity (TFH), successfully raised $115 million in a Series C funding round earlier this year with the help of prominent investment firms such as Blockchain Capital, a16z, Bain Capital Crypto, and Distributed Global.
One of the key innovations of the Worldcoin project is the Orb, a device that captures and processes images and unique iris patterns to verify individuals’ authenticity and uniqueness. By doing so, it ensures that they have not previously received Worldcoin ID authentication. This technology addresses the issue of digitally recognized identities, which is currently lacking for approximately 4.4 billion people globally. Without a legally recognized digital identity, individuals are limited in their access to essential services and participation in the global economy.
The Worldcoin Foundation has a broader mission to promote inclusion, fairness, and just institutions of governance and the global digital economy. Their efforts align with specific targets of the UN Sustainable Development Goal 16, including goals such as ensuring peace, justice, and strong institutions. This shared vision motivates those who contribute to or have regular contact with the Worldcoin project.
The launch of the WLD token and mainnet represents a significant step forward for Worldcoin and its mission to leverage AI technology for economic opportunity and global democratic processes. The interest and support from prominent investors highlight the potential impact of the project in addressing the challenges of digital identity and inclusive participation in the global economy.
Sam Altman-led crypto project Worldcoin is set to make waves with the launch of its highly anticipated WLD token and mainnet. With the completion of the protocol’s migration to the OP Mainnet and expanded Orb sign-ups for World ID, Worldcoin aims to tackle the issue of digitally recognized identities and promote economic opportunity on a global scale. The project’s alignment with the UN Sustainable Development Goals and the support from renowned investment firms further solidify their mission and potential impact.