Worldcoin, a startup founded by Sam Altman and Alex Blania, has initiated its services. It aims to create an authentic solution to differentiate between humans and AI online. Many investors like Andreessen Horowitz, Khosla Ventures, and Reid Hoffman have backed this project, and as a result, it has raised $250 million approximately.
Worldcoin’s main aim is to put a crypto wallet on every individual’s smartphone, but they must ensure a unique verification process. This startup has faced criticism for its practices in some countries, but it aims to fortify incentives and promote global democratic governance.
Worldcoin currently possesses about 20% of its tokens and has set a limit of 10 billion “WLD” tokens for the first 15-year years. According to the Worldcoin whitepaper, the maximum circulating supply of ERC-20-based tokens is around 143 million during the launch.
If successful, Worldcoin envisions a significant boost in economic opportunities and has the potential to establish AI-funded Universal Basic Income (UBI). Despite the audacity of its objectives, world coin strives to achieve global-scale alignment in its mission. However, this project received a playful jab from Jack Dorsey, a Twitter co-founder who found it “Cute.”
Source: Worldcoin