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Everything You Need to Know About Sam Altman's Worldcoin

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class="btn--light share__link share__link--copy" onclick='gEvent("copy","shareTop");copyToClipboard(this)'></button> </div> <div class="article__author"><a class="article__author-user" href="/dan-burgin"> <img width="224" height="140" alt="article image" src="https://u.today/sites/default/files/2024-02/45425.jpg" class="article__author-img" /> <div class="article__author-name">Dan Burgin</div> </a> <div class="article__author-desc">As AI tokens regain momentum, Worldcoin promises truly massive use case for crypto in global economy</div> </div> <div class="article__wrap"> <div class="article__sticky"> <div class="share share--sticky"> <button class="btn--light share__btn" aria-label="Share btn"></button> <a class="share__link share__link--x" href="#" onClick='gEvent("twitter","shareSlide");window.open("https://twitter.com/intent/tweet?url=https://u.today/everything-you-need-to-know-about-sam-altmans-worldcoin&text=Everything You Need to Know About Sam Altman&#039;s Worldcoin", "Twtitter 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onclick='gEvent("telegram","shareSlide");window.open("https://telegram.me/share/url?url=https://u.today/everything-you-need-to-know-about-sam-altmans-worldcoin&text=Everything You Need to Know About Sam Altman&#039;s Worldcoin")' title="Share to Telegram"></a> <button class="btn--light share__link share__link--copy" onclick='gEvent("copy","shareSlide");copyToClipboard(this)' aria-label="Copy link"></button> </div> <div class="article__contents contents"> <button class="btn btn--light contents__btn" aria-label="Toggle contents"></button> <div class="contents__nav"><ul class="contents__list"><li class="contents__nav-item"><a class="contents__nav-link link-pseudo" href="#h250389">What happened</a></li><li class="contents__nav-item"><a class="contents__nav-link link-pseudo" href="#h350389">What is Worldcoin</a></li><li class="contents__nav-item"><a class="contents__nav-link link-pseudo" href="#h450389">How it works</a></li><li class="contents__nav-item"><a class="contents__nav-link link-pseudo" href="#h550389">Regulatory issues</a></li><li class="contents__nav-item"><a class="contents__nav-link link-pseudo" href="#h650389">Future prospects</a></li></ul> </div></div> </div> <div class="article__body"> <div class="article__main"> <div class="article__main-head"> <div class="article__short"> <div class="humble article__short-humble"> <div> <a href="/guides" hreflang="en">Guides</a> <a href="/guides/blockchain" hreflang="en">Blockchain</a> </div> </div> <div class="humble article__short-humble"> Sun, 25/02/2024 - 9:00 </div> </div> <div class="article__main-btns"> <div class="article__fontSize"> <div class="btn--light article__fontSize-toggle"></div> <div class="article__fontSize-menu"> <div class="article__fontSize-item"> <div class="article__fontSize-btn" data-size="article-small"></div> </div> <div class="article__fontSize-item"> <div class="article__fontSize-btn" data-size="article-medium"></div> </div> <div class="article__fontSize-item"> <div class="article__fontSize-btn" data-size="article-large"></div> </div> </div> </div> <div class="article__listen"> <audio class="article__listen-audio" src="/tts/?page=50389" preload="none"></audio> <button class="btn--light article__listen-btn" aria-label="Play/pause audio"></button> </div> </div> </div> <div class="article__img--wrap"> <img class="article__img" src="https://u.today/sites/default/files/styles/736x/public/2024-02/unnamed_1.jpg" alt="Everything You Need to Know About Sam Altman&#039;s Worldcoin"> </div> <figcaption title="https://youtu.be/A5uMNMAWi3E?si=9y69enPQWFkHjWOl">Cover image via <a href="https://youtu.be/A5uMNMAWi3E?si=9y69enPQWFkHjWOl">youtu.be</a></figcaption> <div class="disclaimer"> <p class="disclaimer_text">Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.</p> </div> </div> <div class="article__gnews"> <a class="article__gnews-body" href="https://news.google.com/publications/CAAqBwgKMMy2lQsw3ZqrAw?hl=en-US&gl=US&ceid=US:en" target="_blank"> <div class="article__gnews-text">Read U.TODAY on</div> <div class="article__gnews-title">Google News</div> </a> </div> <div class="article__content"> <div class="something"> <div class="something__title">Advertisement</div> <div class="something__nav"> <button class="btn btn--light something__close" aria-label="Close ad"></button> </div> <div class="something__content"> <div class="something__content--long"> <!-- Article Middle Desktop 728x200 --> <ins class="adsbygoogle" style="display:inline-block;width:728px;height:200px" data-ad-client="ca-pub-9245916885225528" data-ad-slot="3561648781"></ins> </div> <div class="something__content--square"> <!-- Article Middle Mobile 300x600 --> <ins class="adsbygoogle" style="display:inline-block;width:300px;height:600px" data-ad-client="ca-pub-9245916885225528" data-ad-slot="2056995427"></ins> </div> </div> </div><h2 id="h250389">What happened</h2><p dir="ltr">Recently, Worldcoin (WLD), the cryptocurrency associated with Sam Altman's digital identification venture, has experienced a remarkable surge of over 42% in 24 hours, reaching $7.46. This surge is part of a broader upward trend, with the token's value nearly tripling within a&nbsp;week.</p><figure><img alt="Article image" src="https://u.today/sites/default/files/inline-images/WLD_1D_graph_coinmarketcap%20%282%29.jpeg" /><figcaption>Source: <a rel="nofollow" target="_blank" href="https://coinmarketcap.com/currencies/worldcoin-org/">CoinMarketCap</a></figcaption></figure><p dir="ltr">This surge coincides with OpenAI's announcement of the text-to-video AI model Sora, known as the "Hollywood Killer" for its lifelike 60-second videos. Additionally, Worldcoin's announcement of its World App crypto wallet passing 1 million daily users contributed to the surge.</p><p dir="ltr">The Sora effect was also seen in the broader segment of AI crypto. The total market capitalization of AI cryptocurrencies <a href="https://u.today/ai-tokens-rocketing-market-cap-smashes-through-15-billion">surged</a> by 8% within 24 hours, reaching $15.8 billion.</p><div class="hot"> <div class="hot__head"> <div class="hot__title">HOT Stories</div> <a rel="nofollow" target="_blank" class="btn btn--light hot__btn" href="/hot-stories" title="Go to Hot stories"> </a> </div> <div class="hot__body"> <a href="https://u.today/xrp-to-2-this-crucial-level-needs-to-be-cleared-first" class="hot__col"> <div class="hot__col-name">XRP to $2: This Crucial Level Needs to Be Cleared First</div> </a> <a href="https://u.today/ripple-mints-gigantic-105-million-rlusd-stablecoin-in-one-go" class="hot__col"> <div class="hot__col-name">Ripple Mints Gigantic 10.5 Million RLUSD Stablecoin in One Go</div> </a> <a href="https://u.today/stellar-xlm-price-sensationally-jumps-by-56-overnight" class="hot__col"> <div class="hot__col-name">Stellar (XLM) Price Sensationally Jumps by 56% Overnight</div> </a> <a href="https://u.today/rich-dad-poor-dad-author-im-following-saylors-tactical-bitcoin-investment-plan" class="hot__col"> <div class="hot__col-name">&#039;Rich Dad Poor Dad&#039; Author: &#039;I&#039;m Following Saylor&#039;s Tactical Bitcoin Investment Plan&#039;</div> </a> </div> </div><p dir="ltr"><div class="article__related"> <div class="article__related-flame">Related</div> <div class="category-item"><a class="category-item__img-wrapper" href="https://u.today/worldcoin-wld-jumps-40-to-hit-new-ath-on-sustained-openai-hype"><img alt="Worldcoin (WLD) Jumps 40% to Hit New ATH on Sustained OpenAI Hype" class="category-item__img" src="https://u.today/sites/default/files/styles/300/public/2024-02/45213.jpg" width="240" height="136"></a> <div class="category-item__info"> <div class="category-item__head humble__row"> <div class="humble humble--time">Mon, 02/19/2024 - 09:09</div> </div><a class="category-item__title-link" href="https://u.today/worldcoin-wld-jumps-40-to-hit-new-ath-on-sustained-openai-hype"> <div class="category-item__title">Worldcoin (WLD) Jumps 40% to Hit New ATH on Sustained OpenAI Hype</div></a> <div class="category-item__footer"><a class="humble humble--author" href="/godfrey-benjamin"><img class="humble__img" src="https://u.today/sites/default/files/styles/130x/public/2022-12/29301.jpg" alt="Godfrey Benjamin">Godfrey Benjamin</a></div> </div> </div> </div></p><div class="something"> <div class="something__title">Advertisement</div> <div class="something__nav"> <button class="btn btn--light something__close" aria-label="Close ad"></button> </div> <div class="something__content"> <div class="something__content--long"> <!-- Article Middle Desktop 728x200 --> <ins class="adsbygoogle" style="display:inline-block;width:728px;height:200px" data-ad-client="ca-pub-9245916885225528" data-ad-slot="3561648781"></ins> </div> <div class="something__content--square"> <!-- Article Middle Mobile 300x600 --> <ins class="adsbygoogle" style="display:inline-block;width:300px;height:600px" data-ad-client="ca-pub-9245916885225528" data-ad-slot="2056995427"></ins> </div> </div> </div><p dir="ltr">The token's market capitalization is now approaching $1 billion, marking a 41% increase. Analyst Ali Martinez predicts a rise to $15 or even $26, representing a gain of up to 250%.</p><div class="raw-html-embed"><blockquote class="twitter-tweet"><p lang="en" dir="ltr" xml:lang="en"><a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Worldcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Worldcoin</a> appears to have broken out of an ascending parallel channel on its daily chart, setting the stage for potential upward movement. If this breakout holds, <a rel="nofollow" target="_blank" href="https://twitter.com/search?q=%24WLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WLD</a> could rise to $15 and possibly even extend to $26.<br><br>If you’re planning to join me in this trade, go to… <a rel="nofollow" target="_blank" href="https://t.co/laKqk4ig5Z">pic.twitter.com/laKqk4ig5Z</a></p>— Ali (@ali_charts) <a rel="nofollow" target="_blank" href="https://twitter.com/ali_charts/status/1759508872895533464?ref_src=twsrc%5Etfw">February 19, 2024</a></blockquote> </div><h2 id="h350389">What is Worldcoin</h2><p dir="ltr">Co-founded by the CEO of OpenAI via Tools for Humanity, Worldcoin, an open-source protocol, aims to democratize global economic access by decentralizing decision-making to its user community. It offers digital identity verification through iris scanning, rewarding users with WLD tokens and aspiring to establish a global universal basic income (UBI) system.</p><p dir="ltr"><div class="article__related"> <div class="article__related-flame">Related</div> <div class="category-item"><a class="category-item__img-wrapper" href="https://u.today/new-worldcoin-wld-soars-55-on-debut-day-heres-why"><img alt="New Worldcoin (WLD) Soars 55% on Debut Day, Here&#039;s Why" class="category-item__img" src="https://u.today/sites/default/files/styles/300/public/2023-07/37469.jpg" width="240" height="136"></a> <div class="category-item__info"> <div class="category-item__head humble__row"> <div class="humble humble--time">Mon, 07/24/2023 - 16:37</div> </div><a class="category-item__title-link" href="https://u.today/new-worldcoin-wld-soars-55-on-debut-day-heres-why"> <div class="category-item__title">New Worldcoin (WLD) Soars 55% on Debut Day, Here's Why</div></a> <div class="category-item__footer"><a class="humble humble--author" href="/tomiwabold-olajide"><img class="humble__img" src="https://u.today/sites/default/files/styles/130x/public/2021-11/8943.jpg" alt="Tomiwabold Olajide">Tomiwabold Olajide</a></div> </div> </div> </div></p><p>One of the venture's most ambitious applications is in creating systems for fair distribution of limited resources. With World ID, double claiming of resources like bonuses or rewards is prevented, laying the groundwork for universal basic income (UBI) proposals.</p><p dir="ltr">Worldcoin launched its token in July 2023, <a href="https://u.today/worldcoin-wld-jumps-40-to-hit-new-ath-on-sustained-openai-hype">witnessing</a> a 40% surge in 24 hours. With over 2 million users signing up for a World ID, Worldcoin incentivizes users to create digital credentials through iris scanning.</p><div class="raw-html-embed"><blockquote class="twitter-tweet"><p lang="en" dir="ltr" xml:lang="en">more than 2 million people signed up during the beta. hopeful for that number to get to 2 billion now!</p>— Sam Altman (@sama) <a rel="nofollow" target="_blank" href="https://twitter.com/sama/status/1683380244013809664?ref_src=twsrc%5Etfw">July 24, 2023</a></blockquote> </div><h2 id="h450389">How it works</h2><p dir="ltr">Worldcoin uses iris scans for identity verification, similar to CLEAR or Apple's Face ID, and also operates as a cryptocurrency. Iris scans generate digital World IDs using zero-knowledge proofs cryptography. An orb device scans irises to create World IDs, offering secure identity verification online without revealing personal data.</p><figure><img alt="Article image" src="https://worldcoin.org/_next/image?url=https%3A%2F%2Fimages.prismic.io%2Fworldcoin-company-website%2F3bbb2a72-3e1b-4065-aa86-d7712bd74a54_what-is-worldcoin-how-does-it-work-2.jpg%3Fauto%3Dcompress%2Cformat&amp;w=3840&amp;q=75" /><figcaption><a rel="nofollow" target="_blank" href="https://worldcoin.org/blog/worldcoin/what-is-worldcoin-how-does-it-work">Source: Worldcoin</a></figcaption></figure><p dir="ltr">These IDs could serve as logins for websites, enhancing privacy by unlinking from personal information. The decentralized protocol will utilize zero-knowledge proofs (ZKPs) to allow users to prove their humanity without revealing sensitive details about their true identity.</p><p dir="ltr">Key components:</p><ul><li dir="ltr"><strong>World ID</strong>: A digital passport for proving uniqueness and humanity online while maintaining privacy.</li><li dir="ltr"><strong>Orb</strong>: A secure device that verifies uniqueness and humanity through iris scanning.</li><li dir="ltr"><strong>WLD token</strong>: Globally distributed to individuals, serving both utility and governance purposes.</li><li dir="ltr"><strong>World app</strong>: A self-custodial app enabling global payments and transfers using digital assets and traditional currencies.</li></ul><h2 id="h550389">Regulatory issues</h2><p dir="ltr">In January 2024, the Office of the Privacy Commissioner for Personal Data (PCPD) in Hong Kong launched an investigation into Worldcoin's operations due to concerns over personal data privacy. Executing warrants, the PCPD entered six premises linked to Worldcoin across Hong Kong, citing serious risks to personal data privacy.</p><p dir="ltr"><div class="article__related"> <div class="article__related-flame">Related</div> <div class="category-item"><a class="category-item__img-wrapper" href="https://u.today/sam-altmans-worldcoin-investigated-over-privacy-breaches-in-hong-kong"><img alt="Sam Altman&#039;s Worldcoin Investigated Over Privacy Breaches in Hong Kong" class="category-item__img" src="https://u.today/sites/default/files/styles/300/public/2024-01/44546.jpg" width="240" height="136"></a> <div class="category-item__info"> <div class="category-item__head humble__row"> <div class="humble humble--time">Wed, 01/31/2024 - 14:12</div> </div><a class="category-item__title-link" href="https://u.today/sam-altmans-worldcoin-investigated-over-privacy-breaches-in-hong-kong"> <div class="category-item__title">Sam Altman's Worldcoin Investigated Over Privacy Breaches in Hong Kong</div></a> <div class="category-item__footer"><a class="humble humble--author" href="/mushumir-butt"><img class="humble__img" src="https://u.today/sites/default/files/styles/130x/public/2023-11/42260.jpg" alt="Mushumir Butt">Mushumir Butt</a></div> </div> </div> </div></p><p dir="ltr">The project has faced regulatory scrutiny in various jurisdictions, leading to the suspension of its services in Kenya and a pause in iris scans in India. French, U.K. and German data protection authorities have also <a href="https://u.today/worldcoin-appears-in-german-regulators-crosshairs">initiated </a>investigations into its data practices.</p><p dir="ltr">According to Altman, Worldcoin will not offer tokens in the U.S. and other countries with unclear crypto regulations. This reflects a trend of crypto projects avoiding the U.S. amid regulatory ambiguity.</p><h2 id="h650389">Future prospects</h2><p dir="ltr">There's growing demand for World ID, which helps differentiate between humans and AI-driven software. Worldcoin aims to bridge the gap between AI and crypto, promising a truly massive use case for crypto in the global economy.</p><p dir="ltr"><div class="article__related"> <div class="article__related-flame">Related</div> <div class="category-item"><a class="category-item__img-wrapper" href="https://u.today/worldcoin-wld-reaches-new-important-milestones-report"><img alt="Worldcoin (WLD) Reaches New Important Milestones: Report" class="category-item__img" src="https://u.today/sites/default/files/styles/300/public/2023-12/s1050.1.jpg" width="240" height="136"></a> <div class="category-item__info"> <div class="category-item__head humble__row"> <div class="humble humble--time">Wed, 12/27/2023 - 15:18</div> </div><a class="category-item__title-link" href="https://u.today/worldcoin-wld-reaches-new-important-milestones-report"> <div class="category-item__title">Worldcoin (WLD) Reaches New Important Milestones: Report</div></a> <div class="category-item__footer"><a class="humble humble--author" href="/yuri-molchan"><img class="humble__img" src="https://u.today/sites/default/files/styles/130x/public/2021-07/8889.jpg" alt="Yuri Molchan">Yuri Molchan</a></div> </div> </div> </div></p><p dir="ltr">In an&nbsp;<a rel="nofollow" target="_blank" href="https://www.ft.com/content/22421d87-451a-4ce3-80cb-8948ed56be62"><u>interview</u></a> to Financial Times, Altman acknowledged the skepticism surrounding eye-scanning technology, admitting its "clear ick factor." However, he challenges critics by questioning why governments have not taken the initiative in such endeavors.</p><p dir="ltr">Worldcoin recently secured $115 million in funding, with a valuation reaching $3 billion in the previous year. It originally intended to issue a total of 10 billion tokens, allocating 80% to users, 10% to the company's investors and the remaining 10% to a foundation. The token has a total supply of 143 million, with 43 million distributed to Worldcoin app users through an airdrop.</p> </div> <div class="article__panel"> <div class="article__tags btns-spacer"> <a class="btn btn--hash-tag" href="/worldcoin">#Worldcoin</a> <a class="btn btn--hash-tag" href="/openai">#OpenAI</a> <a class="btn btn--hash-tag" href="/sam-altman">#Sam Altman</a> <a class="btn btn--hash-tag" href="/ai-0">#AI</a> </div> </div> </div> </div> <div class="article__author -hr-"> <div class="article__author-label">About the author</div> <a class="article__author-user" href="/dan-burgin"> <img width="224" height="140" alt="article image" src="https://u.today/sites/default/files/2024-02/45425.jpg" loading="lazy" class="article__author-img" /> <div class="article__author-name">Dan Burgin</div> </a> <div class="article__author-desc"><p>Dan is a news editor and writer with 12 years of experience in finance and emerging technologies, with a strong focus on crypto. 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