The anxiety of the big model has not stopped, and the founder of Guicai is targeting the encryption field.
Following ChatPT, Worldcoin, the cryptocurrency project launched by OpenAI CEO Sam Altman, was recently revealed to have raised nearly 100 million US dollars, completely disrupting the peace of the technology world and Web3.
According to the description on the official website, Worldcoin was co-founded by Sam and Max Novendstern in 2019, aiming to create a unique global identity and financial network for everyone in the world. Avoiding the double spend and witch problems in the online world, you can directly obtain Worldcoin tokens by registering an account, and with the world application, you can use Worldcoin and other digital assets for payment, purchase and transfer.
At first glance, the vision seems far-sighted and unrealistic, but the beginning of the driving problem has the meaning of returning to the first principle. "What if there is a way to freely distribute the shares of a new digital token to everyone on the planet?" The founders hit it off, thinking that the more people who hold this currency, use it to send And the transaction cost of receiving payment will be smaller.
As envisioned, Worldcoin will serve as a global distribution system for universal basic income, similar to regular money provided by governments or organizations to everyone to meet basic living needs.
According to this implication, a world-class subsistence allowance is expected to emerge.
In terms of the main body, Worldcoin is composed of Worldcoin Foundation and Tools for Humanity, the latter of which is the main body of actual technology development, and the former focuses on community governance. The Worldcoin technology implementation framework consists of three parts, the global identity ID, the global currency and the wallet carrying them, corresponding to WorldID, World Coin and WorldAPP respectively.
Starting with WorldID, to ensure an even distribution of tokens, Worldcoin needs to ensure that each person registers only once. In the specific implementation process of "one person, one household", Orb scans people's irises, converts the scan result into a hash value locally through a one-way function, and sends it to the Worldcoin server together with the hash value of the user's public key. If the person has not previously registered, the hash is added to the database and the company's blockchain, and 25 tokens will be claimed. Since the iris is a unique and unchangeable biometric, i.e. the hash value of the iris is unique, and the hash value cannot be reused to create a scanned image.
Orb indicated, source: Worldcoin official website
In this way, one person, one ID is established for people all over the world, and the ID card can be used as a global digital passport. This means that users can use their global identity to make payments, transfers and transactions on any application and platform participating in the Worldcoin ecosystem. At the operational level, Worldcoin follows the example of Chinese Internet companies, and uses global operators as the main body to implement local promotion. Through complete training of operators to ensure legal compliance, operators can obtain tokens as rewards after completing iris collection.
In line with this vision, the distribution method of World Coin also has certain particularities. The project plans to distribute a total of 100 billion Worldcoin tokens, 80% of which will be owned by users. In order to motivate early contributors, users and operators will receive The number of Tokens received will decrease over time, less than 20% of the total supply of Tokens will be used to fund Orb's early core developers, and 3% will be allocated to continuous ecological construction.
On May 8th, World App, an encrypted wallet that can natively support Worldcoin, was officially released globally in the first phase after more than 1.5 million internal tests, and was allowed to be downloaded and used in more than 80 countries/regions. Perhaps due to the influence of the Ethereum World Computer, the Ethereum ecology has been closely integrated in the design of the APP. From the initial Polygon-based to the optimistic main network, it has continued to use features such as transaction transparency and identity anonymity. Its SDK also has built-in cross- Chain capabilities can be compatible with Ethereum mainnet, other Layer2 such as Optimism and Arbitrum, and even non-EVM compatible chains Solana and Polkadot.
WorldAPP said, source: Wo
rldcoin official website
Of course, corresponding to the grand vision, the Worldcoin project also faces unimaginable challenges and criticisms. First of all, iris scanning technology has become a key factor hindering users from using it. The collection and storage of personal biometric data is quite sensitive and needs to be handled carefully to ensure that the data will not be misused or leaked. Hackers have installed password-stealing malware on the devices of multiple Worldcoin Orb operators, giving them complete control over the operators' dashboards, according to TechCrunch, reigniting concerns over the security and privacy of iris scanning technology worry. Ethical and moral issues also lie in it. Some people bluntly stated on Twitter that the world's largest artificial intelligence company is helping AI learn how to domesticate humans. "Would you exchange $1 for your own identity?"
On the other hand, challenges in technology and accessibility are inevitable. Regardless of other obstacles, taking key identity acquisition as an example, the accessibility of the iris scanning device Orb is an important issue. It is necessary to ensure that the device can be widely covered and easily accessible to users around the world. In this regard, the project party has taken some measures, such as providing coupons and loan incentives, to promote user registration and device popularization, but the actual effect is minimal.
And more importantly, Worldcoin also faces the problem of competing with other cryptocurrencies and the traditional financial system. On a deeper level, the Worldcoin vision this time is also similar to Libra. It also wants to build a globally unified financial infrastructure and super-sovereign currency, and also expects financial inclusion. However, currency has the unified attributes of public goods and national debt. Under the long-term doctrine of sovereign monetization, there is a high probability that Worldcoin will also be short-lived like Libra, or exist in a small area.
But in any case, the capital market has begun to pay for this distant story. It is reported that Worldcoin is negotiating to raise $100 million. According to people familiar with the matter, the company has previously raised $125 million in two rounds of financing. Investors include cryptocurrency funds of Khosla Ventures and Andreessen Horowitz, as well as FTX founder Sam Bankman-Fried and Internet entrepreneur Reid Hoffman.
In the overall crypto bear market, the amount of financing under US$100 million can be said to be high. The favor of capital is obviously not entirely for unfinished projects, but more for choosing people to start. After all, Sam, the legendary founder of Openai, has no failures in the market. Paul Graham, the godfather of entrepreneurship in Silicon Valley, even commented that "if Sam Altman is thrown on a cannibal island, he will become the king of this cannibal island in five years. "How much is the real recognition of the vision? At present, there is no voice from the capital side, which has once again added the shadow of mystery and doubt to Worldcoin.
In this regard, Sam himself is still confident, saying that "with the vigorous development of artificial intelligence, the demand for systems that provide proof of personality and the demand for wealth redistribution and global governance systems is growing." Through his views on fairness, in his article "General Artificial Intelligence AGI and Future Plans", he hopes that the benefits, access and governance of AGI will be widely and fairly shared. And Worldcoin is also the bearer of this vision. Sam hopes that the currency can be used to equally distribute the huge profits generated by artificial intelligence systems to all mankind in the near future, although as far as the status quo is concerned, the goal is still very far away.
At present, users can download the WorldAPP program through the application market to create Worldcoin accounts and digital wallets. Both iOS and Android devices support downloading. However, domestic accounts need to register for US accounts before they can be used. In terms of registering WorldID, there are Orb devices that can be used directly, or you can use WorldAPP to register without going through the eye scanning program. If you want to get airdropped Worldcoin tokens and other digital currencies, you must register WorldID through the access operator.
As of May 19th, Worldcoin cannot be purchased and used on the app. According to the founder, it will be launched in the next few weeks. It can be seen that the utopia of everyone’s airdrop coin may be just around the corner.
But still the same sentence, "Would you like to trade your identity for $1?"
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