ChatGPT founder Sam Altman has launched his crypto project Worldcoin, which some have described as “Dystopian”.
Worldcoin will give people cryptocurrency in exchange for a scan of their eyeballs using a chrome orb.
Altman, the chief executive of Open AI which built chatbot ChatGPT said: “Worldcoin could drastically increase economic opportunity, scale a reliable solution for distinguishing humans from AI online while preserving privacy,”.
Thousands of people queued at Worldcoin sites around the world on day one of its launch.
The process starts with the orb scanning your face and iris to prove you are a person and waiting for a beep to confirm it has worked, then your iris scan is given a unique number and added to a database. You are then issued 25 free Worldcoin tokens, which are currently valued at roughly $2.
Vitalik Buterin, the co-founder of the cryptocurrency network Ethereum said: “On the whole, despite the “dystopian vibez” of staring into an Orb and letting it scan deeply into your eyeballs, it does seem like specialized hardware systems can do quite a decent job of protecting privacy,”.
However, the project faced criticism from US security whistle-blower Edward Snowden tweeting “Don't catalog eyeballs” back in 2021.
The project raised $115m in a series 3 funding round led by Blockchain Capital in May of this year.