
Understanding WLD
What is Worldcoin?
Worldcoin (WLD) is an ambitious crypto project founded by OpenAI’s Sam Altman. It seeks to establish a universal digital identity system through iris scanning, allowing individuals to prove their uniqueness online while earning WLD tokens.
At its core, Worldcoin is designed to provide financial inclusion by distributing WLD to verified users worldwide. However, it has faced scrutiny over privacy concerns related to biometric data collection. Despite this, the project has rapidly expanded, onboarding millions of users through its Orb devices, which scan irises to verify identities.
By combining blockchain technology with biometric authentication, Worldcoin aims to build a global identity layer for the digital economy, fostering trust in decentralised applications and universal basic income experiments.
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