
BUY: good
SHORT: bad
Market trades based on sentiment & never resolves.
"The Worldcoin project is initiating an open and permissionless identity protocol called World ID. It empowers individuals to verify their humanness online while maintaining their anonymity through zero-knowledge proofs. Advancements in AI make it difficult to distinguish between AI and humans on the internet, highlighting a need for authentic human recognition and verification. To help address this, individuals can receive a future-proof unique human credential through a secure biometric device in a privacy-preserving manner. Importantly, this enables a path to AI-funded non-state UBI and the equitable global distribution of digital currencies. The project's early contributors have developed initial versions of a hardware device, a mobile client, and a deployment mechanism—all of which will gradually become decentralized. World ID will ultimately enable the protocol to be governed by the people, ensuring that the protocol benefits everyone."