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After chat GPT, now there will be a boom in the world of crypto!

After chat GPT, now there will be a boom in the world of crypto!

Open AI's chat GPT has caused a stir around the world. Since its launch in November last year, ChatGPT has increased the possibilities of generative artificial intelligence. Most of the big technology companies are now adopting this technology. Thanks to this technology, personal costs can be significantly reduced. Now Open AI boss Sam Altman is preparing to take the world of crypto by storm.

According to a report in the Financial Times, he is close to raising about $10 million for his World Coin project. Their intention is to create a similar cryptocurrency around the world by using iris technology. Founded in 2019 by Altman and Alex Blenia, World Coin is expected to launch in the next few weeks.

The company's investors include Khosla Ventures, Andreessen Horwitz's crypto fund, FTX founder Sam Bankman Freud and Internet entrepreneur Reed Hoffman.

The company intends to build a global identification system using iris scanning technology. Through which access to its global currency World Coin can be obtained. According to the company, its key plan is to create a platform that will set up biometrics of the iris of every person according to their eyes, then create a digital world ID, so that their identity is not revealed. In this way, it can be used in various everyday tasks.

Once people create their identity, they will be able to get World Coin tokens for free. The FT news quoted experts as saying that this is important in the bad phase that the crypto industry is going through at the moment. The crypto market has seen a sharp decline since last year and has not yet recovered.

On May 8, World Coin launched its World App. "You can use this app to prove your personhood online with World ID, claim your World Coin token and send free digital money around the world," it said in a tweet. It also announced the launch of crypto wallets for verified users.

According to the Financial Times, the company can start registering transactions in six weeks.