Altman Price(ALTMAN)

The crypto/Web3 project associated with Sam Altman, the CEO of OpenAI, was initially launched as "Worldcoin" and has since been rebranded to "World." The token linked to this project is known as WLD, often still referred to as Worldcoin. Sam Altman co-founded the project with Alex Blania and Max Novendstern, and it is developed by Tools for Humanity. The core mission of the World project is to establish a universal "proof of personhood" system. This aims to differentiate humans from artificial intelligence bots in an increasingly AI-driven online environment. The project seeks to achieve this through three main components: World ID, a global cryptocurrency token (WLD), and the World App, which functions as a self-custodial wallet for payments. The technology central to the World project involves a biometric verification device called the "Orb." Users undergo an iris scan with an Orb to verify their uniqueness and obtain a World ID. The World ID is designed to be a privacy-preserving digital identity, allowing individuals to prove they are a real human without revealing excessive personal data. Potential applications for World ID include enabling fraud-resistant online interactions, secure governance and voting, and potentially facilitating universal basic income (UBI) in a future where AI may impact employment. The WLD token is a Layer 2 Ethereum-based cryptocurrency. The project is also developing its own Layer 2 Ethereum blockchain called "World Chain" to provide more affordable and faster transactions, with a design that prioritizes transactions from verified humans over bots. While the project has onboarded millions of users globally, it has also faced scrutiny regarding privacy concerns related to its biometric data collection methods, leading to investigations and temporary operational halts in several countries. Learn more

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