Image source @ Visual ChinaThis article was originally published on LinkedIn and authorized to be published on the Titanium Media App. Author: Wu Lang, MaoriLast week, ChatGPT announced the release of the worldcoin project, which was indeed a surprise
Image source @ Visual China
This article was originally published on LinkedIn and authorized to be published on the Titanium Media App. Author: Wu Lang, Maori
Last week, ChatGPT announced the release of the worldcoin project, which was indeed a surprise.
According to foreign media reports, Worldcoin, co founded by OpenAI CEO Sam Altman, has received $100 million in investment to promote the encryption industry's Worldcoin project based on iris recognition technology.
The investors include both past and new investors. Chain De understands that its past investors include AndreessenHorowitz, CoinbaseVentures, and Digital Currency Group.
However, a Worldcoin spokesperson currently declined to comment on this investment.
As is well known, Altman is known as the father of the artificial intelligence company OpenAI, which created the generative artificial intelligence application ChatGPT. And Altman's plan is to issue a virtual currency called world currency to people around the world. The system will scan the iris of the eyes to verify the user's identity, and the user will conduct transactions and payments through the app.
According to the official website of Worldcoin, the goal of the project is to provide opportunities for people of different nationalities to enter the global economy. According to the real-time rolling registration number on the official website, more than 1.7 million people have registered.
The official website of Worldcoin shows real-time scrolling of registrations, and currently more than 1.7 million people have registered
The official website information indicates that, World Coin is an open source protocol supported by a community of global developers, individuals, economists, and technical experts committed to expanding global economic participation and access. The World Coin Foundation is a regulatory agency that will support and develop the World Coin community until it becomes self-sufficient. The Human Tools organization helped launch World Coin and currently serves as the foundation's advisor and operator of world applications. Currently under testing During the trial phase, the world currency is expected to be launched in the first half of 2023
Developing a new project to supplement the previous one?
The introduction on the official website above, in simple terms, summarizes that the Worldcoin project aims to eliminate inequality, especially for people who have lost their jobs due to artificial intelligence, and compensate for their losses by "sending money". As a global social security system, a unified amount of funds will be provided to users using the ID distributed by WorldCoin.
But can Worldcoin really establish a digital utopia?
According to official websites and public sources, the Worldcoin project was launched in 2019 by scanning the iris to create a unique ID for each user. Due to the difficulty of imitating the iris, everyone can have a digital 'proof of identity' that not only distinguishes them from artificial intelligence robots, but also serves as an online identity for payments and other activities.
According to the Worldcoin project leader, this ID will be used in the future to verify voter identity, compare and reference government data, and also distribute government benefits.
The target audience of Worldcoin is mainly regions with underdeveloped traditional financial systems, or some citizens who do not want to obtain official identification IDs in their own countries.
Not one can be missing? Still harvesting leeks, "not a single one can be missed
From a conceptual perspective, it seems to benefit all humanity and provide economic compensation to vulnerable groups under the information divide.
As artificial intelligence becomes omnipotent, the ability to distinguish between humans and robots will be crucial. So Altman, the founder of ChatGPT, believes that cryptocurrency can solve this problem. That is to say, because AI technology may generate information weaklings, Worldcoin can now issue tokens to alleviate this inequality. Everyone only needs to register user IDs with iris information.
Currently, as an exchange condition for providing iris information on organisms, users can receive free Worldcoin tokens, with the official assumption that these tokens can ultimately be used as global currency. Worldcoin has released an encrypted wallet app, which does not require iris information. Individual users only need phone numbers and other information to register.
Is this really 'no one can be missing', or is it a new chive cutting scam where 'no one can be missed'? We cannot confirm yet. But when it comes to the fact that the creator of the currently popular artificial intelligence system in the world has created a digital ID tracking system for everyone on Earth, it feels magical and creepy.
Now, the creator states that we have set this digital ID as the account for investing in cryptocurrency.
What is Worldcoin's intention to enter the most suspicious encryption industry at present?
I have to mention the power of capital here. Last November 30th, ChatGPT was launched and received millions of registered users within a week, becoming the fastest product in history to reach millions of users; Subsequently, Microsoft entered the market and launched various open-source services that fully complement OpenAI. Some analysts even believe that early investors such as Microsoft are the biggest winners in OpenAI's financing gamble. On the one hand, they bundled their strategic investments with ChatGPT and developed a fixed revenue model again; And let the popularity of Tea Pavilion Post continuously increase its market value.
Public data shows that the capital behind OpenAI is well-known giants in the venture capital industry, with a start-up capital of up to $1 billion, including ElonMusk and LinkedIn co founders Reid Hoffman. The seed round is YCombinator, followed closely by Microsoft with $1 billion, as well as KhoslaVentures, ReidHoffman Foundation, Matthew BrownCompanies, and others, each starting at $1 billion.
Worldcoin vs. Bitcoin? No innovation sincerity=0
The Worldcoin wallet app, also known as the Worldcoin, is an ERC-20 token on the Ethereum (CRYPTO: ETH) blockchain. This actually means that the appearance (and trading) of the world currency is very similar to the cryptocurrency that investors are already familiar with.
Without innovation and sincerity. It can be said bluntly that this Worldcoin is taking advantage of the trend of ChatGPT to soar. If an unknown platform publishes an encrypted wallet app. I'm afraid I can't even stir up a wave.
It took nearly 14 years for Bitcoin to be issued and have over 1 million coin holding accounts, but this time, with ChatGPT and Altman, it took less than 2 weeks to obtain 1.7 million users. Altman's estimate is to reach 1 billion users within two years.
Worldcoin benchmarking CBDCs across countries? Capital can't wait
As is well known, with the bankruptcy of Sam Bankman Fried's cryptocurrency exchange FTX in November last year, the sharp decline in token prices was accelerated, leading to a domino like collapse in the cryptocurrency market. For the world-renowned thunderstorm event, please refer to the previous topic of Chain DeDe | Crypto Lehman Moments: FTX Black Swan Event Warning Record. This year, there has also been a wave of crypto company failures and even financial shocks. For more details, please refer to the previous report by LinkedIn: [LinkedIn Exclusive] The financial crisis in the United States has reached Europe, and the bankruptcy of SVB is far from over.
As mentioned earlier, Altman's approach to achieving utopia is the launch of the cryptocurrency wallet developed by Worldcoin. Chain De understands that the dynamics of countries and regions where central banks issue digital currency are becoming increasingly apparent. The digital euro is expected to be launched in 2026, and the digital yen is also about the same time. The plan for the digital dollar has also been put on the table, not to mention the vast number of developing Southeast Asian countries. For more details, please refer to the previous article on LinkedIn: "LinkedIn Exclusive" Know Yourself and Know Yourself: The 2023 US Presidential Economic Report comprehensively denies the existence of encrypted assets.
However, various developed countries that are still in their infancy have not directly announced the issuance of digital currency, and it can be confirmed that the trendy market cannot wait until 2026.
Perhaps this time Worldcoin is trying to loot the long tail outside the coin circle - those "offline users" who don't even know what bank accounts or AI are.
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