Worldcoin, a cryptocurrency startup founded by Sam Altman and Alex Blania, has begun its global rollout of services to distinguish humans from AI online. The startup has raised approximately $250 million in funding, with notable backers including Andreessen Horowitz, Khosla Ventures, and Reid Hoffman. Worldcoin offers an identity technology and a token that individuals can access by downloading the World App and using the Orb, a helmet-shaped eyeball-scanning verification device, to obtain their World ID. The startup aims to distribute a crypto wallet and currency to every human's smartphone, requiring a method to verify individual uniqueness, with individuals in multiple countries receiving 25 Worldcoin tokens upon verifying their World ID at an Orb. The startup currently holds about 20% of all its tokens, and the total supply of "WLD" tokens is capped at 10 billion for the first 15 years.
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00:00 It's Benzinga and here's what's on the block.
00:02 WorldCoin, a cryptocurrency startup founded by Sam Altman and Alex Blania, has begun its
00:07 global rollout of services aimed at distinguishing humans from AI online.
00:12 The startup has raised approximately $250 million in funding, with notable backers including
00:17 Andersen Horowitz, Kostlav Ventures, and Reid Hoffman.
00:21 WorldCoin offers an identity technology and a token that individuals can access by downloading
00:25 the World app and using the Orb, a helmet-shaped eyeball scanning verification device, to obtain
00:31 their World ID.
00:33 The startup aims to distribute a crypto wallet and currency to every human smartphone, requiring
00:37 a method to verify individual uniqueness, with individuals in multiple countries receiving
00:42 25 WorldCoin tokens upon verifying their World ID at an Orb.
00:46 The startup currently holds about 20% of all its tokens, and the total supply of WLD tokens
00:52 is capped at $10 billion for the first 15 years.
00:55 For all things money, visit Benzinga.com.
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