The founder of the prominent artificial intelligence company OpenAI launched his own cryptocurrency Monday as part of a new project he helped fund that would give people around the world crypto tokens in exchange for their biometric data.
The Sam Altman-backed startup Worldcoin launched its cryptocurrency on Monday. The startup gained early traction by signing up users worldwide to receive tokens in exchange for scans of their irises via a device known as an"orb." The scans are designed to help users distinguish between humans and bots and, in time, provide a universal basic income to help minimize job losses caused by the growth of artificial intelligence.
Worldcoin also announced that it was scaling up its"orbing" operations and would launch new sites for data collection in 35 cities across 20 countries. The project currently has 2 million users worldwide. The token's price initially surged on its launch. More than $25 million of the token was traded Monday morning, according to Binance's website. The token's value started at around $0.15 but hit a peak of $5.29.Skeptics have said that the company behaved unethically in collecting biometric data.
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