Worldcoin, co-founded by Sam Altman of OpenAI, introduces the “World ID,” a digital passport to differentiate real humans from AI bots online. The “orb,” a device the size of a bowling ball, performs an iris scan to verify identity and generate a unique World ID, securely stored on blockchains.

During its beta phase, Tools for Humanity, the parent company based in San Francisco and Berlin, garnered 2 million users. Now, Worldcoin expands its “orbing” operations to 35 cities in 20 countries, with new users receiving the cryptocurrency token, WLD.

WLD’s price surged to $5.29 from $0.15 during early trading on Binance, the world’s largest exchange, with a trading volume of $25.1 million.

World IDs play a crucial role in distinguishing real people from AI chatbots, enhancing online interactions and curbing fraud. Sam Altman envisions Worldcoin as a potential tool to address income inequality resulting from generative AI. Implementing universal basic income (UBI) could become more feasible with World IDs, ensuring support reaches those in need and preventing fraud.

Worldcoin’s “World ID” presents a promising future, utilizing blockchain technology for human verification and embracing the potential of generative AI. As “orbing” expands globally, World IDs may become essential in shaping economic policies and creating a more equitable world.