A Free-Crypto project scanned the eyeballs of 130,000 people

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Worldcoin is valued at around $ 1 billion, according to CoinDesk.

A project that aims to put cryptocurrency in the hands of as many people as possible has so far registered more than 130,000 users – they just need to have their eyeballs scanned in exchange.

Worldcoin, which is backed by Andreessen Horowitz and co-founded by former Y Combinator chief Sam Altman, said in a post on its website Thursday that around 60,000 registrations have taken place in the past four weeks alone. The reason for the eyeball scan is that the startup uses iris recognition to ensure that people who receive the crypto documents don’t receive multiple allowances.

“It’s still early days, but the results of these field tests make us optimistic that Worldcoin will soon connect the first billion users in a common crypto network,” the post said.

Worldcoin has a fixed supply of 10 billion tokens, 20% of which is used to fund the production of Orb iris scanner devices and the initial development of the protocol, with the remainder going to users and operators who help launch. Worldcoin via protocol. The number of tokens per listing will decrease over time, Worldcoin said.

Iris scan is used because it contains enough information to accurately distinguish people from one another, Worldcoin noted. But he said user accounts are never associated with any of the biometric data. In addition, the orbs are able to resist fraudulent activity such as impersonation and forgery, he said.

While the decrease in the number of tokens over time is an incentive for early adoption, it makes the value of each document difficult to specify.

Worldcoin is valued at around $ 1 billion, according to CoinDesk. Bitcoin’s market cap is around $ 1.2 trillion.

(Except for the title, this story was not edited by NDTV staff and is posted from a syndicated feed.)

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