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Sam Altman launches eyeball-scanning Worldcoin to ‘drastically increase economic opportunity’


Worldcoin Foundation, Sam Altman’s crypto startup with the vision to “drastically increase economic opportunity,” has started the rollout of its services in 20 nations.

The startup, which has raised about $250 million and counts Andreessen Horowitz, Khosla Ventures and Reid Hoffman among its backers, said it’s rolling out its identity technology as well as the token internationally. Individuals can download World App, the startup’s protocol-compatible wallet software and visit an Orb, the startup’s helmet-shaped eyeball-scanning verification device, to receive their World ID.

As TechCrunch has previously noted, Worldcoin is perhaps one of the most audacious efforts to bribe the world to embrace their currency. The startup, founded by OpenAI CEO Altman and Alex Blania, wants to put a crypto wallet (and some of their currency) onto every human’s smartphone, but in order to do so they have to build a way to determine whether someone is a unique human.

Worldcoin is holding about 20% of all its tokens, which are not launching in the U.S. for now, the startup told Financial Times.

“If successful, we believe Worldcoin could drastically increase economic opportunity, scale a reliable solution for distinguishing humans for AI online while preserving private, enable global democratic processes, and eventually show a potential path to AI-funded UBI,” said the startup, which began its work over three years ago.

Jack Dorsey, Twitter co-founder and no stranger to the world of cryptocurrency, took a jab at Worldcoin’s mission statement, calling it “cute.”

More to follow.



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