Despite skepticism, the recently launched Worldcoin (WLD), a token for the digital identity project co-developed by Sam Altman, the co-founder and CEO of OpenAI, the platform behind the artificial intelligence (AI) tool ChatGPT, has gathered massive interest.
Indeed, as Altman himself noted, willing participants have been lining up before Worldcoin facilities around the world to have their irises scanned in order to take part in the project, as evident in the video that the WLD co-founder shared in a tweet on July 26.
According to him, the rate of people scanning their eyes with βthe Orbβ gadget and verifying their identity for participation in this blockchain project is one person every eight seconds, despite Worldcoin being only three days into the public launch.
At the same time, Twitter user Mark Mcgrath shared a video and details of the process of the Orb scanning oneβs eye, which involves going to a Worldcoin office, showing the QR code from the Worldcoin app, and the Worldcoin employee holding up the Orb to oneβs face and scanning their iris.
Widespread criticism
Interestingly, Twitter co-founder Jack Dorsey reacted to Altmanβs tweet with a disappointed face emoji, showing his dislike and concerns with the project and the sheer size of the army of enthusiastic participants. Indeed, Dorsey had earlier made an ominous comment on the projectβs launch, stating: βvisit the Orb or the Orb will visit you.β
Significantly, Dorsey is far from being the only one in his criticism, with Ethereum (ETH) co-founder Vitalik Buterin arguing that it could lead to βunavoidable privacy leaks, further erosion of peopleβs ability to navigate the internet anonymously, coercion by authoritarian governments, and the potential impossibility of being secure.β
In the meantime, the co-founder of the decentralized finance (DeFi) security platform SlowMist, known as Cosine, referred to Worldcoin as an βevil creationβ should it succeed, although βit has a high probability of failure,β as Finbold reported on July 25.
Other critics include a pro-XRP legal expert, John E. Deaton, who shared a video of an interview with the projectβs co-founders Altman and Alex Blania, in which the latter dodged the question on the WLD distribution βbecause of the regulatory uncertaintyβ in the US, which the lawyer said was a βsignal to RUN AWAY as fast as you canβ from Worldcoin.
Meanwhile, Worldcoinβs native token, WLD, was at press time changing hands at the price of $2.19, recording a decline of 7.85% in the last 24 hours but still holding on to the 23.94% gain on its weekly chart, according to the most recent information retrieved from the cryptocurrency market monitoring site CoinMarketCap.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Β
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