Our weekly updates are put together by folks deep in the crypto scene, giving you a clear picture of what's happening without overwhelming you.
To Watch This Week
AIRDROPS + ALPHAOct 17, 2024
Business
Worldcoin Rebrands as World, Launches New Eyeball Scanning Orb
Worldcoin, the project co-founded by OpenAI CEO Sam Altman, is branding to ‘World’ and launching a new version of its controversial iris-scanning Orb. Altman, alongside Tools for Humanity CEO Alex Blania, introduced the rebranding and updates to its World ID and World App during a keynote presentation on Thursday. “We know it sounds crazy, but it is that Worldcoin as the name just doesn't work anymore,” Blania said. “Starting today, what has been called Worldcoin will be just called World.” Acc...
Jul 17, 2024
Markets
Worldcoin Soars 45% After Investors' WLD Lock-Up Extended by Two Years
Worldcoin's WLD token on Wednesday experienced a sharp 40% increase following the announcement of an extended lockup period for investors and team members. At the time of writing, the Worldcoin price has reached $3.13—marking a staggering 45% climb since this time yesterday, according to Coingecko data. This is the highest price WLD has seen since in a month. Tools for Humanity (TFH), a key player in the initial development of Worldcoin, revealed that the unlock schedule for 80% of WLD tokens al...
Mar 22, 2024
Technology
Orb Eye-Scanning Code Made Open Source by Worldcoin Foundation
Worldcoin Foundation, the organization behind the digital asset protocol developed by OpenAI co-founder and CEO Sam Altman, said on Friday that it is open-sourcing “core components” of its Orb technology. In a move meant to foster trust and collaborative development, Worldcoin says anyone can examine the code for its Orb eye scanners. “Open sourcing typically helps to foster trust, transparency and verifiability while also encouraging developer communities to further advance a technology,” a Wor...
Feb 28, 2024
Business
Worldcoin Rival Humanity Protocol Nets Funding from Polygon, Animoca Founders
Palm-scanning "proof of humanity" project Humanity Protocol has announced a successful fundraising round, with investors including Polygon co-founder Sandeep Nailwal and Animoca Brands co-founder Yat Siu. In all, more than 20 venture capital firms also invested in the strategic investment round, including Hashed, CMCC, Cypher Capital, Foresight Ventures, and Mechanism Capital. In a statement, Humanity Protocol founder Terence Kwok called the funding round "a significant milestone in our journey,...
Feb 19, 2024
Markets
Sam Altman's Worldcoin Has Surged 40% Since OpenAI Launched Sora
WLD, the token of Sam Altman's crypto-powered digital ID project Worldcoin, has surged 40% in the past day. Worldcoin's WLD token is currently trading at $7.44, up 39.8% on the day and 185.8% in the past week, per data from CoinGecko. The token's price surge kicked off on February 15, the same day that Altman's firm OpenAI launched text-to-video AI app Sora. Keep in mind that the projects are entirely unrelated. But Worldcoin is the only crypto project directly linked to Altman, who co-founded t...
Feb 8, 2024
Gaming
Worldcoin's World ID Will Be Used to Verify Identities of Esports Players
Community Gaming, a crypto-powered esports tournament platform, announced today that it has teamed up with Worldcoin contributor Tools for Humanity to integrate World ID within its infrastructure. That means that tournament creators will optionally be able to require players to verify their identity before taking part in competitions. Worldcoin is a blockchain-based digital identity project that lets people “prove their personhood.” Primarily, this is done by scanning their irises with a device...
Dec 23, 2023
Gaming
'Minecraft' Cracked Down on Crypto and NFTs—But Worldcoin Integration Is Fine, Microsoft Says
Minecraft, one of the world’s most popular games, has also been arguably the biggest to push back against cryptocurrency and NFT integrations. Developer Mojang and publisher Microsoft banned their use even within fan-operated online servers. That’s why it was a surprise to see Worldcoin announce a Minecraft integration last week. Worldcoin is best known for its “Orb,” a device that scans a person's retinas and generates a unique IrisCode, which is tracked on the project’s blockchain and used to...
Nov 22, 2023
Artificial Intelligence
Sam Altman Reinstated as OpenAI CEO
Sam Altman is to return as CEO of artificial intelligence firm OpenAI, days after he was ousted in a boardroom coup. The ChatGPT developer announced that it had reached an "agreement in principle" for Altman to return to the company, adding that it was "collaborating to figure out the details." In a statement on Twitter following his reinstatement, Altman said that, "i love openai, and everything i’ve done over the past few days has been in service of keeping this team and its mission together."...
Nov 21, 2023
Artificial Intelligence
OpenAI In 'Intense Discussions' to Prevent Staff Exodus: Report
Artificial intelligence firm OpenAI faces "intense discussions" to steady its ship, after employees threatened to quit if it failed to reinstate ousted CEO Sam Altman. According to Bloomberg, an internal memo from OpenAI's vice president of global affairs Anna Makanju described the firm as being in "intense discussions" to unify the company between management, the board, Altman, and newly appointed interim CEO Emmett Shear. "They are not prepared to give us a final response this evening," Makanj...
Nov 20, 2023
Coins
WLD Had a Wild Weekend—What's Next for Sam Altman's Worldcoin?
As OpenAI and Microsoft sort out who's going to be on whose payroll, the iris-scanning biometric project Worldcoin—co-founded by Sam Altman—has remained quiet. And its WLD token, which it launched just six months ago, has dropped 11%, according to CoinGecko. At the time of writing, WLD is trading at $2.22 per token. The price has been volatile since Altman left OpenAI abruptly on Friday, falling as low as $1.84 on Saturday and rising to $2.65 in the past 24 hours. Worldcoin did not immediately r...
Nov 20, 2023
Artificial Intelligence
Microsoft Hires Former OpenAI CEO Sam Altman to Head 'Advanced AI Research Team'
Microsoft has hired former OpenAI CEO Sam Altman to head up an "advanced AI research team" following his ouster from the AI firm. Satya Nadella, CEO of Microsoft, announced the news in a tweet, noting that Altman will join its in-house team alongside OpenAI co-founder Greg Brockman and "colleagues." Altman tweeted that, "the mission continues," following the announcement; Nadella responded that he was "super excited to have you join as CEO of this new group." "We are going to build something new...
Nov 17, 2023
Coins
Worldcoin Plummets as OpenAI Pushes Out Founder Sam Altman
Following the announcement of Sam Altman's departure from OpenAI, the WLD token associated with the iris-scanning biometric project Worldcoin, also founded by Altman, dropped 14%, according to CoinGecko. Altman was ousted from his position as CEO of OpenAI following a review by the board, which cited a lack of candid communication affecting the board's responsibilities. This led to a loss of confidence in his leadership by the board For an idea of how quickly markets are reacting to the news, th...
Sep 6, 2023
Artificial Intelligence
Despite the Hype, Crypto AI Tokens Have Been Languishing
Even AI can’t make up its mind sometimes. The industry is generated a ton of hype, but crypto tokens pegged to the technology have aren't seeing big gains. Crypto data provider Kaiko writes that interest for AI-affiliated tokens has remained flat despite the billions of dollars that have poured into AI startups. Overall, writes Kaiko, interest is down, although at second glance, the numbers tell a mixed story. AI Could Bring ‘The Biggest Bubble of All Time’, Says Stable Diffusion Creator Kaiko a...
Aug 8, 2023
Business
Kenyan Authorities Raided a Worldcoin Warehouse Last Week
Nairobi police, along with multi-agency officials, raided a Worldcoin warehouse in the Kenyan capital last Saturday, local news outlets reported. Police officers reportedly seized documents and machines which were allegedly sent to the Directorate of Criminal Investigations headquarters for examination. According to local media, Immaculate Kassait, the commissioner of Kenya's Office of Data Protection, said Worldcoin's parent company Tools for Humanity failed to disclose its true intentions when...
Aug 4, 2023
Business
Germany's Far-Right AfD: Worldcoin Orbs 'Solely for the Global Surveillance of People'
A member of the far-right German political party Alternative for Germany (AfD) has issued a stark warning against Worldcoin's iris-scanning operations. "The eye scanner was not developed for medical purposes, but serves to collect biometric data," reads a translation of Christina Baum's statement on the official AfD site. "These devices are used solely for the global monitoring of people." Baum is a member of the Bundestag, Germany's federal parliament. She also claimed that users who scan their...
Aug 4, 2023
Business
Worldcoin Bug Allowed Anyone to Become Orb Operator: CertiK
Crypto security firm CertiK revealed it recently unearthed a vulnerability in the Worldcoin protocol that allowed an attacker to bypass the verification process to become an Orb operator. According to CertiK, this vulnerability would have reportedly enabled anyone to circumvent the verification requirements to become a Worldcoin Orb operator. The individual wouldn't be obligated, for instance, to be a legitimate company, undergo proper ID verification, or pass a vetting interview. “In a normal c...
Aug 2, 2023
Long Reads
'Show Your Face to the Orb': Eyes-on With Sam Altman's Worldcoin
Before Worldcoin launched its highly anticipated WLD token, no one was making the trek out to Berlin’s largest commercial center except to visit their local Zara. Now, that’s all changed. Sam Altman, the project’s co-founder, said folks were getting scanned every eight seconds globally; data on Optimism–the speedy layer-2 solution atop which the whole thing operates–showed a hefty uptick in usage since the token launch too. When Decrypt arrived at ALEXA Berlin, the two orbs were vacant except fo...
Aug 2, 2023
Business
Kenya Suspends Worldcoin Operations Amid Privacy Concerns
Kenya's interior ministry announced this Wednesday the suspension of the cryptocurrency project Worldcoin, per an official announcement on the ministry's Facebook page. This decision, as per the ministry, is a precautionary measure, to ensure public safety. The suspension will persist until relevant agencies can assess and certify the project as risk-free. "The demand for Worldcoin’s proof of personhood verification services in Kenya has been overwhelming, resulting in tens of thousands of indiv...
Jul 28, 2023
Business
France and Germany Coordinating on Worldcoin Investigation
European regulators are stepping up their inquiries into Worldcoin—with France and Germany becoming the latest countries to investigate the controversial crypto project. Co-founded by OpenAI's Sam Altman, Worldcoin has embarked on an ambitious drive to scan the irises of millions of people—giving them a "digital passport" in return. The project claims that these World IDs will be crucial as artificial intelligence becomes more influential, and allow humans to prove they aren't robots. "The legal...
Jul 24, 2023
Technology
Worldcoin Has 'Major Issues' and Will Take Years to Work, Vitalik Buterin Warns
Worldcoin launched to much fanfare on Monday—but Ethereum's Vitalik Buterin has identified four "major issues" with the project's design. Founded by Sam Altman—the CEO of OpenAI—the company is offering a "digital passport" that allows owners to prove they're human, and not a bot. This is achieved through the use of Orbs, machines that scan a person's eyeball to create a World ID. In a lengthy new blog post, Buterin argues that an effective, reliable proof-of-personhood system, like Worldcoin, "s...