Worldcoin, a new cryptocurrency, has gained attention after raising $115 million in funding. With support from OpenAI CEO Sam Altman, the unique aspect of Worldcoin is its use of an iris-scanning ‘orb’ to verify individual identities, rewarding participants with Worldcoin tokens. The project has already attracted over a million sign-ups, and users can join the network by downloading the World app. The goal is to establish a global identity and financial network that is accessible to all. However, there are challenges to overcome, such as feasibility, scalability, and concerns over privacy and security issues regarding users’ biometric data.
