Every Worldcoin orb contains a camera designed to record images of a person’s irises.
The orbs convert those scans into bits of numerical code, which are supposed to serve as a new type of digital ID.
They are promoting the orbs as a possible foundation for universal basic income, a welfare system in which everyone receives guaranteed payments, and argue that iris IDs will help distinguish real people from robots.
Tools for Humanity is part of a growing array of crypto firms trying to latch on to the hype around A.I.
to propel digital currencies back to relevance after a miserable 18 months of market crashes and bankruptcies.
Persons:
Tom Cruise, Altman
Organizations:
Humanity