Worldcoin Establishes a Worldwide Identity and Financial Infrastructure

Worldcoin, an innovative digital identity project, is revolutionizing the creation of a global network for identity and finance. Its creators, Alex Blania, Max Novendstern, and Sam Altman (co-founder of OpenAI), launched the project in October 2021 with the vision of making it accessible to individuals from all walks of life, irrespective of their nationality, background, or economic standing. The pioneering research and development for Worldcoin were carried out by Tools for Humanity (TFH), a organization founded by the co-founders in 2019. Initially, the project aimed to develop a universal currency that would be distributed to one billion people through AirDrop, potentially serving as a form of Universal Basic Income (UBI). However, the challenge of distinguishing between humans and online bots posed a significant obstacle in the AirDrop process. For the latest technology news, visit Access NEWSLINKER.