If you like shopping in the most popular shopping centers of this little Portugal, you may have noticed some very strange globes, almost always accompanied by assistants who are happy to talk to you. We are talking about “stands” that are part of it World coin. In case you didn’t know, they offer you money in exchange for some biometric data.
It’s an interesting strategy! Who doesn’t like “free” money? But perhaps more important than getting money for a snack at the mall is understanding what it is and what the real goal of the project is in the long term.
Worldcoin: what is it? Why so much hustle and bustle in shopping centers?
Worldcoin in the UBBO Shopping Center
therefore, the World coin is according to his own statement website Project, an open source protocol created to make it easier for users to access the global economy. It is designed to be decentralized, meaning that oversight and decision-making ultimately lies with the community itself.
To this end, some important subtopics are in development:
- World ID – a privacy-protected digital identity designed to help solve important identity-based challenges.
- Worldcoin tokens – the first token distributed worldwide and free of charge to everyone.
- World app – a self-managed app that enables global payments, purchases and transfers using the Worldcoin token, digital assets and also traditional currencies.
In short, Worldcoin is a platform with the aim of growing in a digital world through each user’s unique digital identity.
How does it all work?
You need to download the app to then have access to a digital wallet linked to Worldcoin, Bitcoin, Ethereum, etc. The app (World app) is operated by Tools for humanityWorldcoin ecosystem partner.
Once the app is installed, you will need to create an account. This step must be supported by a Worldcoin operator Bullet. (Those spherical objects you see in malls).
Orb captures the biometric characteristics of your iris (eye) to determine a person’s unique humanity, creating a digital identification (World ID).
Meanwhile, by capturing the biometric characteristics of your iris, you will receive a free share of Worlcoin as well as other digital currencies. A package with tangible value attached to it. There are those who received €2, €5, etc. This depends on the time, the campaign and the value of the coins, among other things.
It’s a suggestion… Strange!
Firstly, there is the idea that Worldcoin is less interested in virtual currencies and is much more focused on collecting biometric data, particularly in your iris. This is done in the hope that it will serve as an authentication method in the near future. All to distinguish real people from extremely intelligent “bots” capable of impersonating humans.
In short: In this case, this data could be sold to other companies. Something that appears to have huge money-making potential.
- Use: Worldcoin has been scanning biometric data on a large scale in several third world countries. This gives the rhetoric of selling data even more power.
However, it is also important to highlight that this project has the support of Sam Altman, one of the people responsible for the success of ChatGPT. Whether you add more weight to the project or not depends on you.
Can you give away some of your biometric data for a few euros?
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