ChatGPT and AI gigabrain Sam Altman is making his entrance into crypto with Worldcoin and its iris scanning Orb, raising $115million from VCs including A16z and Blockchain Capital.

Worldcoin — which encompasses the World ID protocol, the (future) Worldcoin cryptocurrency, the World App crypto wallet, and of course its Orb — is aiming to tackle the huge challenge of decentralized ID.

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https://worldcoin.org/blog/developers/privacy-deep-dive

Let’s have a look at some headline info to understand why Worldcoin is causing a stir:

Led by OpenAI founder and chatGPT creator, Sam Altman, Worldcoin wants to use iris-scanning AI-enabled hardware for “proof-of-unique-personhood”.

• Boasting a $3bln valuation following a recent $115m round of fundraising, including investments from top VCs, we can assume the hype will be strong with this one.
• Worldcoin will use what is becoming its trademark Orb device to retrieve iris (as well as optional face + body) data, issuing first-time irises with a unique World ID key which, masked using zero-knowledge technology, can be used to tie a human (albeit an anonymous one) to a web3 account.
• This could potentially bring an end to bots and act as a passport of humanhood between real and on-chain worlds.
• However, CT has been quick to point out that Worldcoin accounts/iris scans can already be picked up for $20 on the black market.

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• Worldcoin claims that privacy is its number one priority, with pages of its website and blog dedicated to its transparent and open source intentions.

Responsible investors will need to keep an eye on developments, and decide for themselves whether Worldcoin can be a force for good, potentially revolutionising web3 capabilities, or the ultimate 21st century Trojan Horse.

Actionable Takeaways

I’d give my right eye to be part of this!

• If you think could be a big step forward for crypto, or even if you just think Sam Altman’s (note: not Sam bankman) name commands interest, stay on top of Worldcoin’s movements by joining the conversation on 3HOUSE and your other favourite socials. Have Orb Operators in your region? Why not go get a scan and earn some future $WLD tokens (note that MIT tech review didn’t have the kindest words to day about remuneration)

I'm cynical; I’ll keep my iris on it

• Never a bad idea to maintain a neutral stance during the early stages of a project; especially one so dividing and with such profound potential and implications as this one. Stay tuned to 3HOUSE, and perhaps dig around the technical documentation with your skeptical hat on to gain a deeper understanding of the huge task Worldcoin is tackling. Bear in mind, token seems to be the least developed/documented aspect of the project, so there’s still time to get in early if you keep your iris on the prize.

Keep your Orb away from my bios 'n bags, AI-nerd!!

• Think this is all a bit too Black Mirror, and OBVIOUSLY the collected iris data will inevitably leak to the Feds only fast tracking the global surveillance state?? Then rightfully bunker-down and wait for this latest VC hype train to run out of steam.