crypto

Title: Worldcoin's Year One

As Worldcoin marks its first anniversary, the ambitious project co-founded by OpenAI CEO Sam Altman finds itself at a crossroads. Launched on July 24, 2023, Worldcoin aimed to establish a universal digital identity system and financial network, leveraging biometric data through its “orb” devices. Despite the project facing significant scrutiny and challenges over the past year, its innovative goals remain.

1. Initial Vision and Ambitions

Worldcoin’s inception was marked by lofty ambitions and high-profile backing. The project promised to revolutionize digital identity verification, proposing a system that could differentiate humans from AI bots and provide a platform for universal basic income (UBI). Within months of its launch, Worldcoin attracted over 2.4 million subscribers, showcasing widespread interest in its potential.

The project consists of the Worldcoin Foundation and Tools for Humanity, focusing on community governance and technical development, respectively. Central to its framework are WorldID, WorldCoin (WLD), and WorldAPP, which together form a global identity and currency system