BTC PULSE
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
Play Now
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Altcoins

Worldcoin Unveils Novel Token to Differentiate Humans from Bots

by Dan K
Jul 24, 2023 - 2:00 pm
in Altcoins
Worldcoin logo with a futuristic digital backdrop representing the project's cutting-edge approach to online identity verification.

Worldcoin’s Ambitious Mission

Worldcoin, a project co-developed by Sam Altman, CEO of OpenAI, has unveiled its ecosystem token on July 24. Despite a wave of skepticism and controversy from both the crypto sphere and Silicon Valley, the project continues its pursuit to address income inequality and online identity authentication.

Creating a Global Digital Passport

Launched initially on March 14, Worldcoin introduced a waitlist for its software development kit (SDK). The team has claimed that the World ID, an integral part of the project, would serve as a global digital passport for users. The World ID aims to help users prove their human identity without disclosing personal identifying information.

A Gas-Free Crypto Wallet for Verified Humans

The project released its gas-free crypto wallet for verified humans on May 8. The platform allows users to enjoy gas-free transfers once they register for a World ID, where an iris scan or a phone number might be required. However, developers assure that user data won’t be stored, and instead, a zero-knowledge proof will be generated to verify the user’s human identity.

Token Listing and Security Concerns

Anticipating the launch, crypto exchange giant Binance announced its intention to list the Worldcoin token on its platform. Meanwhile, blockchain security firm PeckShield reported the existence of a fake Worldcoin token that executed a rug pull.

Mixed Reactions and Future Aspirations

The project has attracted its share of criticism and support. Former Twitter CEO, Jack Dorsey, expressed his reservations, stating that no corporation or state should control any part of the global financial system. In contrast, the project reported over 2 million sign-ups to its World ID project as of July 14. During the token launch, Altman expressed his aspiration of elevating this figure to 2 billion.

Securing Significant Funding

On May 25, Worldcoin secured a whopping $115 million in funding to bolster its decentralized identification system and crypto wallet, the World App. Leveraging the surge of artificial intelligence technology, the team has pitched a “decentralized, privacy-preserving solution” aimed at safeguarding humanity online and empowering people to control their identities.

Tags: AIAltcoinsBlockchain
Dan K

Dan K

Dan K, the chief editor, is a visionary wordsmith, shaping narratives with finesse. His discerning eye for detail creates literary masterpieces.

Related Posts

Graph depicting the sharp rise in GLMR token value after Upbit's listing revelation.

Moonbeam (GLMR) Token Soars by 50% After Upbit Listing Announcement

September 25, 2023

Moonbeam's GLMR token skyrockets by 50% following its imminent listing on South Korean exchange, Upbit, highlighting its prominence...

Line graph illustrating the PEPE coin's steep decline over the past month, with significant dips in recent days highlighting the volatility in the market.

Navigating the Waters: PEPE Coin Experiences a 15% Decrease in a Week amid Rising Whale Activity

September 11, 2023

PEPE coin experiences a 15% dip in a week amid allegations of insider trading and increasing whale activity....

Graph illustrating the rising trend in the number of long-term Litecoin (LTC) holders.

Long-Term Litecoin (LTC) Holders Count Hits 5 Million

September 8, 2023

Litecoin's long-term holder count soars to 5M, indicating a growing confidence in the asset. Analytical insights reveal a...

Coinbase platform interface showcasing the PYUSD trading option.

Coinbase Joins the PYUSD Race: Will PayPal’s Stablecoin Thrive?

September 1, 2023

Coinbase jumps into the PYUSD fray, announcing trading plans for PayPal's latest stablecoin. With a cautious "experimental" label,...

Press Releases

David Ferrucci next to the Elemental Cognition brand emblem.

BM Watson’s Lead Developer Secures $60M for New AI Venture, Elemental Cognition

August 18, 2023

David Ferrucci, has raised a remarkable $60M for his AI startup. The company brings forward two pioneering chatbot solutions designed...

pulse5

Amsterdam Gets with the Dutch Blockchain Days the Biggest Event of the Benelux in the Field of Blockchain, Crypto Currencies, NFTs and Other Web3 Developments

May 8, 2023

Discover the future of blockchain, crypto, NFTs, and Web3 at Dutch Blockchain Days, the largest event in Benelux.

pulse4

Korea Blockchain Week 2023 Set to Push the Boundaries after Record-Breaking 2022 Event

May 8, 2023

Korea Blockchain Week 2023 returns after a highly successful 2022 event, featuring leading experts and the latest trends in blockchain...

pulse3

Istanbul Will Be Hosting Eurasia’s Largest Blockchain Event Once again on May 8–11, 2023

May 8, 2023

Join Eurasia's largest blockchain event, the Blockchain Economy Istanbul Summit, May 8-11, 2023, and discover the future of financial technology.

View All
BTC-Pulse LogoTransparent

© 2023 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

©2023 BTC-PULSE – All right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise