OpenAI CEO Sam Altman Unveils His Own Cryptocurrency, Worldcoin

Hello, 1% Club,

It's been an exciting week in the world of cryptocurrencies. OpenAI's CEO, Sam Altman, has thrown his hat into the ring by announcing the upcoming launch of his own digital currency, Worldcoin.

Introducing Worldcoin

Worldcoin is not your typical cryptocurrency. The ambition behind it is staggering: the team aims to onboard over one billion people to crypto, potentially making Worldcoin the largest onramp to the crypto world ever seen. Not only this but Worldcoin will be bolstered by the most widely adopted crypto wallet. The ultimate vision? To establish a new primitive for the internet — Proof of Personhood.

What is Proof of Personhood?

Proof of Personhood is an innovative solution that can distinguish between humans and bots on the Internet. With the rise of AI, the necessity for a reliable mechanism to differentiate between real users and automated bots has grown exponentially.

Users will be verified via a custom hardware device, an “orb”, which scans the user's iris to confirm they're indeed a unique human. Following this, a unique code is created, while the original biometric data is destroyed. The code is then used to issue the user a World ID within the World App, enabling users to privately attest their uniqueness, hence, ensuring complete privacy.

Worldcoin's Potential Impact

Worldcoin's launch could see a seismic shift in how we interact online. By providing the tools to easily distinguish between bots and humans, a Proof of Personhood protocol like World ID would improve user experience, preserve the economic sustainability of existing web services, open the design space for new web services, and provide a foundation for improved trust in digital communities.

Furthermore, Worldcoin will have a significant impact on crypto onboarding. Already, during initial testing and without any marketing, Worldcoin has managed to onboard nearly 2 million people, showing the project's incredible potential for growth.

The Power Team Behind Worldcoin

The brains behind this revolutionary idea include OpenAI CEO, Sam Altman, and Alex Blania. Together, they have the perfect balance of vision and execution necessary to make this bold vision a reality. The team has already solved hard problems by designing and producing custom hardware, despite being in early beta release.

In Conclusion

Worldcoin represents a massive leap forward in the world of crypto and the internet as a whole. It has the potential to create a more secure and private internet experience, establish a novel standard for online interaction, and bring crypto to the masses in a way never seen before.

While there is still a long way to go, the initial steps have been very promising. Worldcoin could very well be the game-changer we've been waiting for in the cryptocurrency world.

Stay tuned for more updates on this exciting development in our next newsletter.

Until then, stay curious, and stay excited.

Kamal Bisht