A world coinnew cryptocurrency created Sam AltmanFounder ChatGPT, is being prepared for release after preliminary negotiations to raise about $100 million in funding. Worldcoin’s innovative offering includes using iris scanning technology to create a global identification system. In addition, the company calls itself a universal basic income project that aims to offset job losses caused by artificial intelligence.

With the launch of the blockchain protocol planned for the next few six weeksWorldcoin promises to make free tokens available to users who create an identity through the Worldcoin app. While the fundraiser has yet to be confirmed, the company is in early talks to secure funding ahead of the launch.

In the context of the cryptocurrency market, which faced difficulties in 2022, when many companies filed for bankruptcy, the amount of investment received by Worldcoin deserves attention. The new cryptocurrency is expected to bring innovation and a unique vision to the sector.

The wallet will arrive on May 8th.

Worldcoin recently announced the launch of its cryptocurrency wallet called “World App” on May 8th. This wallet supports Worldcoin (WLD) beta as well as third-party cryptocurrencies such as Wrapped Ethereum (WETH), Wrapped Bitcoin (WBTC), USD Coin (USDC), and the stablecoin manufacturer’s DAI.

Although the Worldcoin currency is not yet in circulation, the company plans to make it available later this year. Users in eligible countries will be able to request cryptocurrency weekly or monthly through the Worldcoin app.

Both World App and Worldcoin are heavily based on the Ethereum blockchain and related technologies, including account abstraction, ENS usernames, and Uniswap. The beta wallet is based on Polygon, while the final version will run on Ethereum rollups.

In addition, Worldcoin has announced that it intends to use artificial intelligence to empower people in the AI ​​era by offering an “AI Funded Universal Basic Income”.

Despite its focus on artificial intelligence and identification, the company has faced controversy over its reliance on iris scan identification technology, which is often considered a “dystopia”. To address these issues, Worldcoin claims that no personal information is required to optionally integrate its World ID product into the World app. Users are in control of their data and can delete it instantly. World ID keys are self-contained, although users also have the option of backing up these keys to cloud services.

Worldcoin relies on Ramp and MoonPay to facilitate withdrawals and deposits. It is worth noting that Worldcoin is not directly related to OpenAI, although Sam Altman played an important role in both companies.

Although Worldcoin has been criticized for privacy, the company guarantees on its website that it will not store iris scans and that the scanning device will not harm users’ eyes.

To access the World app, users need to register and obtain a World ID by providing a phone number or by submitting an iris scan. The draft states that it will not store users’ personal data. Instead, it creates a zero-knowledge proof to verify the user’s identity without revealing the data used to create that proof. Users who choose not to create a World ID will still be able to use the app, but will not be able to make transactions.

How to get Worldcoins

Step by step to get Worldcoins from Worldcoin:

1. Go to the official website of Worldcoin.
2. Create a World ID, which will be your digital ID.
3. Use World ID to access cryptocurrency websites, mobile applications and decentralized applications.
4. World ID ensures that you are a unique and real person without having to share personal details such as names or email addresses.
5. After registering, make sure you are in the right country to receive Worldcoins for free.
6. The Worldcoin app will notify you when a new coin giveaway is available.
7. Using a verified World ID, receive coins within the specified period.
8. During the beta testing phase, cryptocurrencies will be distributed weekly.
9. After the official launch of Worldcoin at the end of this year, the distribution schedule is expected to change to a monthly cycle.

Follow the steps below to take advantage of Worldcoins free distribution and participate in this one-stop basic income project powered by iris scanning technology.

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Via: PYMNTS Source: Worldcoin

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