Worldcoin, the cryptocurrency project co-founded by Sam Altman, has decided to discontinue its Orb-verification service in India, Brazil, and France, just a few months after expanding the service into these markets. The decision comes after Tools for Humanity, the foundation overseeing Worldcoin's development, had earlier expanded the Orb to multiple markets in 2023 for a limited time.
The foundation explained that it is committed to collaborating with global partners to ensure compliance with regulatory standards, providing a secure, transparent, and safe experience for verified users. The Orb had embarked on a multi-city tour starting in Tokyo in April 2023, allowing people across North America, Europe, the Middle East, and Asia to experience it for the first time. The tour concluded in late summer, featuring previews of the Orb in various cities globally alongside the launch of the protocol, according to Lily Gordon, a spokesperson for Tools for Humanity.
Sam Altman had launched Worldcoin in July as a cryptocurrency startup with eyeball-scanning technology, aiming to distinguish humans from AI online, facilitate global democratic processes, and enhance economic opportunities. However, the project faced a setback last month when the cryptocurrency token (WLD) experienced a significant decline in value after Altman was removed from his position as OpenAI CEO. The token fell over 12% to $1.91, according to CoinMarketCap data.
Despite the recent challenges, Worldcoin had raised $115 million in May during a Series C funding round led by Blockchain Capital. The decision to discontinue the Orb-verification service in specific markets appears to be part of the ongoing adjustments and developments within the project.
(With Agency Inputs)
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