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Worldcoin’s Iris-Scanning Identity Project Draws Attention Amidst Skepticism

AI/MLWorldcoin's Iris-Scanning Identity Project Draws Attention Amidst Skepticism

The recently launched Worldcoin (WLD), a digital identity project co-developed by Sam Altman, the CEO of OpenAI, has garnered significant attention despite skepticism.

Altman noted that people have been lining up at Worldcoin facilities worldwide to have their irises scanned for participation in the project. The process involves using an Orb gadget to scan participants’ eyes, verifying their identity for the blockchain project. Impressively, one person is scanned every eight seconds, even though the project had only been publicly launched for three days.

Jack Dorsey, co-founder of Twitter, reacted to Altman’s tweet with a disappointed face emoji, indicating his concerns about the project and the enthusiastic response from participants. Dorsey had previously expressed his reservations about the project, hinting at potential surveillance implications.

Ethereum co-founder Vitalik Buterin raised concerns about privacy leaks, erosion of internet anonymity, coercion by authoritarian governments, and security challenges that could arise from the project’s success.

Criticism also came from the co-founder of the DeFi security platform SlowMist, who referred to Worldcoin as a potentially “evil creation” with a high likelihood of failure.

John E. Deaton, a pro-XRP legal expert, shared an interview with Worldcoin’s co-founders where they avoided answering questions about token distribution due to regulatory uncertainty in the US. Deaton interpreted this as a negative signal.

As for Worldcoin’s native token (WLD), it was trading at $2.19, experiencing a 7.85% drop in the last 24 hours but maintaining a 23.94% gain on the weekly chart according to CoinMarketCap.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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