Worldcoin’s globe-spanning, iris-scanning crypto endeavor has tanked 44% in its first month after Kenyan authorities questioned the project's data practices.
Advertisement. OpenAI is still his bread and butter, and if this project goes down it will be a footnote in his current quest to rule over both the AI business and AI regulation. But like all crypto that’s disconnected from actual, tangible assets, the only thing dictating the price of its token is hype. Worldcoin’s ambition, as described in its original, has been to compete on the world stage, give money to the moneyless, and bank the unbanked.
It’s the same thing crypto proponents have been saying since the inception of bitcoin more than a decade ago. They want to upset the current balance of traditional, state-offered currencies. Unfortunately, the current downturn in the crypto markets was brought about by companies like FTX which only disrupted the bank balances of its customers.
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