Written by Hazel J. Greene, Senior Analyst

Sam Altman, the renowned entrepreneur behind ChatGPT and OpenAI, has been working on a revolutionary crypto product called Worldcoin. After years of development and extensive beta testing, the project is now ready to go global.

Worldcoin was initially introduced to the world in 2021 amidst the backdrop of the COVID-19 pandemic. Although its objective of scanning users’ eyeballs in exchange for access to a global identity and financial network received initial criticism, the project has persevered and achieved significant progress.

Recently, Worldcoin made a notable transition to the Optimism mainnet, an Ethereum scalability solution. This strategic move allows the project to leverage the benefits of a second-layer solution and underscores its commitment to staying at the forefront of technological innovation. Additionally, Worldcoin launched its World ID development kit, a crucial component in enabling users to verify their identities on the blockchain-based platform. The project’s WLD token, essential for achieving its ambitions, also entered the market.

Worldcoin’s global expansion is already well underway, with availability in 35 cities and 20 countries. The project aims to extend its reach even further, with plans to penetrate new markets and onboard users from diverse backgrounds. Users can sign up for Worldcoin via the Orb, a platform that allows them to verify their accounts and access the full benefits of the blockchain-based ecosystem.

The vision behind Worldcoin goes beyond offering digital identity verification; it aims to provide billions of individuals with access to essential financial services, government aid, healthcare, and more. The Worldcoin token, denoted as WLD, plays a pivotal role in achieving this goal. Through an innovative approach, users are incentivized to verify their identities and are rewarded with WLD tokens, creating a system where being a unique human comes with monetary value.

Alex Blania, the co-founder of Worldcoin and CEO of Tools for Humanity, emphasizes the importance of privacy, decentralization, and inclusivity in proof of personhood solutions. The project aligns closely with these values, striving to empower individuals worldwide to participate in the growing digital and global economy.

The Orb-verified World ID services are currently accessible in cities such as Hong Kong, London, Los Angeles, Mexico City, Miami, Seoul, and more. Users in over 120 countries can also access the services via the App Store and Google Pay, making potential inclusion a reality for countless individuals.

Worldcoin’s recent achievements and Sam Altman’s reputation as a successful entrepreneur behind ChatGPT have positioned the project for substantial growth. With over 2 million users already onboarded, the expansion into new markets and the increased awareness generated by Altman’s previous successes could significantly boost Worldcoin’s user base. Ultimately, the project aspires to provide a verifiable digital identity to billions worldwide and enable them to unlock the advantages of the digital economy.

Worldcoin represents Sam Altman’s ambitious foray into the crypto world, leveraging innovative technologies to provide billions of individuals with access to vital services and opportunities. With its privacy-first approach, decentralization, and inclusive principles, Worldcoin aims to break down barriers and facilitate participation in the digital age. As the project expands globally and users embrace the Worldcoin ecosystem, the potential for positive impact continues to grow, promising a more accessible and equitable future for all.

Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The cryptocurrency market is highly volatile, and readers should conduct thorough research before making any investment decisions.