What Happened on May. 19th | Worldcoin & AI & Universal Basic Income

TI Research

Open AI's CEO Sam Altman's crypto project Worldcoin has one ambitious vision: distributing crypto tokens to every individual human as a universal basic income to offset job losses caused by AI.

The Worldcoin protocol is intended to be the world's largest identity and financial network, open to everyone. Worldcoin consists of three main parts:

  • World ID: a privacy-preserving digital identity to prove an individual's unique personhood.
  • Worldcoin token: a utility and governance token. The token will be distributed freely to everyone.
  • World App: an app that enables payment, purchases and transfers using worldcoin tokens, digital assets, and traditional currencies.

How to get a World ID?

  1. Download the World App from App Store or Google Play in countries where it is available
  2. Find a local Worldcoin Operators who can verify your unique personhood
  3. Receive World ID in the World App.

The World ID is powered by zero-knowledge proof to ensure privacy. The uniqueness of a person is verified through a biometric device, Orb. That means scanning your iris.

Anyone who has verified their uniqueness via an Orb will receive their Worldcoin tokens when the Worldcoin mainnet goes live. The launch is expected to take place before end of June.

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Source:TokenInsight Gainers and losers


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TI Research

TokenInsight is a data and research organization for the digital asset market. TI provides comprehensive asset-related data and comprehensive and timely information and research services for digital assets.

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