Although it sounds like a story out of a science fiction movie, the reality is that Worldcoin offers free cryptocurrency to those who have their eyes scanned by a metal orb.
The question that many people ask is “why do they want to scan my eyes, what do they gain from it?”. The answer is simple. Sam Altman, the famous technology investor, is conducting a customer acquisition process for his new company, Worldcoin. This initiative is only a registration method in the company’s application.
The firm has already sent these orb-shaped devices to 12 different countries, where the iris scans are produced so that the rest of the user’s information can be discarded, in such a way that the highest level of privacy is preserved. Only the biometric data of the eye are necessary.
Democratization of cryptocurrencies to reduce poverty
The intention of this company is to democratize cryptocurrencies, transfer this technology to as many people as possible, as its founders explain, while only 3% of the world population is a user of virtual currencies, according to Crypto.com. “Cryptocurrency is a very powerful thing,” Blania, CEO of Worldcoin, told CNBC. “It will push the boundaries of the broader economy and give access to a lot of people.”
Altman is a fervent supporter of a Universal Minimum Income. This is precisely the reason that has led him to invest in this company. The idea on which the company is based is that periodically contributing money to the population will help governments to mitigate the impact of artificial intelligence and new technologies on employment, since these automate the work that was previously carried out by a company. person.
Here the interest of both the company and Altman appears, Blania hinted that Worldcoin could be used as the “infrastructure” that sustains this Universal Minimum Income in the future.
Worldcoin has built its system on Ethereum
Worldcoin has built its system on Ethereum, the blockchain network behind the world’s second largest cryptocurrency, and the company’s smooth running has attracted the attention of big investors.
So far, the firm has reached over 100,000 users worldwide and gets 700 more every week, but it aims to reach 1 billion users by 2023. This is why Worldcoin has attracted $25 million in funds from Silicon Valley investors including Andreessen Horowitz, Coinbase, and LinkedIn co-founder Reid Hoffman, making the company valued at $1 billion.
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