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 Sam Altmans Worldcoin secures 115M for decentralized ID

Sam Altmans Worldcoin secures 115M for decentralized ID


Published: 2023-05-25


1. Worldcoin Raises $115 Million for Decentralized ID: Worldcoin,a startup that aims to create a decentralized identity protocol,has raised $115 million in a fundraising round. The company has said that the protocol will seek to use a person's biometric data,such as facial or iris recognition,to create a unique identification system across the world. The fundraising round was led by investor Sam Altman,who has previously backed companies such as OpenAI and Reddit.

2. Decentralized Identity for Developing Countries: Worldcoin's vision for decentralized identity is geared specifically toward developing countries that lack identification infrastructure. The project seeks to enable individuals to unlock financial services and other opportunities that require forms of recognized identification. By using facial and iris recognition technology,it aims to provide a solution that advances financial inclusion and other socioeconomic issues that plague many developing nations.

3. Potential Challenges to Implementation and Adoption: While the idea of decentralized identity is promising for developing countries,there are potential roadblocks to its adoption. These include concerns about privacy and data security,as well as challenges associated with the cost of implementing the necessary biometric scanning technology. Worldcoin will have to effectively address these issues to gain traction and make an impact in the developing world.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 ARS title=ARS 1,069.90 2,231,043,277.00
2 BTC title=BTC 61,195.28 1,520,275,304.77
3 ETH title=ETH 2,980.51 754,136,807.90
4 SOL title=SOL 143.44 589,586,319.06
5 PEPE title=PEPE <0.01 302,526,645.85
6 RUNE title=RUNE 6.05 217,328,323.25
7 DOGE title=DOGE 0.15 170,125,357.14
8 RNDR title=RNDR 10.45 161,555,652.46
9 ENA title=ENA 0.87 154,470,056.09
10 WIF title=WIF 2.85 153,258,094.68
11 XRP title=XRP 0.52 150,297,778.60
12 WLD title=WLD 5.49 113,609,169.21
13 BOME title=BOME 0.01 84,768,265.44
14 NEAR title=NEAR 7.12 82,669,247.53
15 UMA title=UMA 3.29 77,606,304.60
16 ADA title=ADA 0.45 71,970,593.55
17 AVAX title=AVAX 34.22 69,739,331.57
18 ETC title=ETC 27.12 59,218,100.17
19 JTO title=JTO 3.85 55,073,760.97
20 BONK title=BONK <0.01 52,825,408.34
21 FLOKI title=FLOKI <0.01 50,079,950.81
22 BEL title=BEL 0.89 48,638,322.60
23 TRX title=TRX 0.12 45,893,926.74
24 SUI title=SUI 0.99 43,914,996.53
25 ETHFI title=ETHFI 3.67 41,548,060.90
26 AR title=AR 39.90 40,584,222.23
27 ARKM title=ARKM 2.48 39,160,742.94

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 UMA title=UMA 3.29 +27.77
2 Komodo title=KMD 0.44 +19.79
3 Moonriver title=MOVR 15.26 +16.68
4 Bella Protocol title=BEL 0.89 +15.73
5 ConstitutionDAO title=PEOPLE 0.03 +11.96
6 THORChain title=RUNE 6.05 +10.20
7 High title=HIGH 4.43 +8.82
8 Orion title=ORN 1.47 +8.22
9 Bounce title=AUCTION 17.07 +7.97
10 API3 title=API3 2.48 +7.56
11 Perpetual Protocol title=PERP 1.08 +6.81
12 BakerySwap title=BAKE 0.26 +6.55
13 Adventure Gold title=AGLD 1.04 +5.83
14 Band Protocol title=BAND 1.53 +5.72
15 Game title=GTC 1.21 +5.70
16 RAD title=RAD 1.74 +5.58
17 Lisk title=LSK 2.00 +4.67
18 Arweave title=AR 39.90 +4.57
19 Kusama title=KSM 29.04 +4.54
20 Curve DAO title=CRV 0.44 +4.50
21 TerraClassicUSD title=USTC 0.02 +4.37
22 Render title=RNDR 10.45 +4.37
23 Pepe title=PEPE <0.01 +4.33
24 PlayDapp title=PDA 0.08 +4.11
25 Celer Network title=CELR 0.03 +4.03
26 Harmony title=ONE 0.02 +4.03
27 Unifi Protocol DAO title=UNFI 3.75 +4.02
28 Dusk title=DUSK 0.33 +3.97
29 Akropolis title=AKRO <0.01 +3.91
30 Bluzelle title=BLZ 0.38 +3.86

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 IDEX title=IDEX 0.06 -16.28
2 DIA title=DIA 0.47 -6.64
3 Ethernity Chain title=ERN 4.82 -6.61
4 Lido DAO title=LDO 1.88 -6.06
5 Worldcoin title=WLD 5.49 -6.03
6 Vanar Chain title=VANRY 0.17 -5.57
7 Sui title=SUI 0.99 -5.43
8 FarmBot title=FARM 72.50 -5.41
9 Axelar title=AXL 1.11 -5.31
10 Nano title=XNO 1.14 -5.18
11 Viction title=VIC 0.53 -5.06
12 IoTeX title=IOTX 0.05 -5.03
13 Pendle title=PENDLE 4.58 -4.80
14 Aevo title=AEVO 1.23 -4.74
15 NULS title=NULS 0.65 -4.72
16 TrueFi title=TRU 0.11 -4.68
17 Ontology Gas title=ONG 0.54 -4.28
18 Reserve Rights title=RSR <0.01 -4.10
19 Decred title=DCR 19.92 -4.09
20 Pyth Network title=PYTH 0.48 -3.88
21 Bittensor title=TAO 395.00 -3.75
22 SingularityNET title=AGIX 0.91 -3.58
23 Ocean Protocol title=OCEAN 0.92 -3.37
24 W 0.61 -3.34
25 Powerledger title=POWR 0.31 -3.31
26 IQ title=IQ <0.01 -3.16
27 Maker title=MKR 2,684.00 -3.11
28 Polymesh title=POLYX 0.37 -3.10
29 Any Inu title=AI 1.07 -3.07
30 Ethena title=ENA 0.87 -3.02

Bitcoin's Greed and Fear Index.

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