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Digital coins in exchange for an iris scan: biometric imaging device Orb

Hands hold the biometric imaging device, the Orb, of the identity and financial public utility Worldcoin, which aims to create a World ID digital passport, with a tradeable cryptocurrency, in Berlin, Germany August 1, 2023. REUTERS/Annegret Hilse/File Photo

Aug 8 (Reuters) – Worldcoin has no problem attracting eyeballs. More than 2.2 million people have signed up, getting their irises scanned in exchange for a digital ID and, in some countries, free crypto.

The new project from ChatGPT founder Sam Altman aims to create a blockchain-based “identity and financial network”. Its native coin WLD has kept a steady price between $2 and $2.50 since its launch on July 24, thus far spared the “pump-and-dump” trajectory of many new crypto tokens.

The investor jury is out on Worldcoin’s prospects, according to Gordon Grant, co-head of trading at Genesis Trading, which isn’t offering the token to clients yet.

“There are folks that have really taken a view about this project, both with the positive and negative side,” he said.

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