@summe
The attention of the crypto community was attracted by the actions of the Worldcoin project development team and the price movements of its WLD token in mid-July. Several researchers from the crypto community immediately criticized the project due to suspicions of market manipulation and, in general, because of the project’s economic conditions, which benefit insiders rather than retail investors and traders.
The company behind the development of the Worldcoin project is Tools for Humanity, co-founded by Sam Altman from OpenAI, the company that created the ChatGPT chatbot. The idea of the project is to distribute the World ID biometric identifier to verify personal data on the Internet.
Worldcoin operators in different countries scan people's eyeballs using an Orb device - a reflective metal ball that records information about a person's iris in the form of a code. Everyone who passes the scan receives a small amount of WLD tokens for this.
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