Heard of Worldcoin’s launch? And a straight out of Sci-Fi orb that is used for biometric verification process to prove you are human
What is Worldcoin and what is the strategy behind it?
Sam Altman is one of the co-founders of Worldcoin – a digital identity and crypto payments project that aims to achieve global scale alignment.
Here are 5 things you should know:
1️⃣ Mission: Worldcoin aims to distribute billions of tokens worldwide via airdrop while proving that you are human.
They are building the world’s largest identity and financial network as a public utility, giving ownership to everyone
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2️⃣ Technology: Worldcoin is a digital currency secured by cryptography, similar to Bitcoin. However, it is more advanced and business-friendly. It leverages blockchain technologies and is part of the web3 concept, which involves decentralization and the use of blockchain in various applications
3️⃣ Airdrop Strategy: Worldcoin’s strategy involves distributing tokens via airdrop to billions of people globally. This approach helps in verifying human identity and ensuring wider distribution of the currency
4️⃣ Identity and Financial Network: Worldcoin’s vision is to create the world’s largest identity and financial network. By providing ownership to everyone, they aim to establish a public utility that can empower individuals and communities
5️⃣ Challenges : Worldcoin has faced challenges and controversies, including concerns about the use of biometrics and authentication technology.
Sometimes all of this reminds me of a conversation I remember having with Appa about the Stock Markets when I started working –
“There is so much that I don’t understand, Appa. How does all of this work?”
“There are players and those who play them in the world, Ammu.
There always will be – just focus on what’s within your control” 🙂
What is your take on World Coin?
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