Sam Altman’s initiative, Worldcoin, officially debuted in Singapore, marking progress after several global challenges.

Cryptocurrency project Worldcoin co-founded by OpenAI’s Sam Altman, the CEO, has made it official – Worldcoin has rolled out in Singapore. Now, users in the city-state have the ability to verify their unique identities using the Orb device built for this purpose.

As indicated on Worldcoin’s website Currently, there are five designated locations across Singapore where individuals can complete their verification process.

Alongside the launch of World ID verifications, Worldcoin's parent company, Tools for Humanity (TFH), has joined two significant tech and startup associations in Singapore: ACCESS, a non-profit focused on social mobility that provides disadvantaged students with career exposure, and the Singapore Fintech Association (SFA). Tools for Humanity The Worldcoin initiative is centered around identity verification, deploying Orb devices to scan people’s irises to ascertain their humanity. Additionally, it incentivizes sign-ups with WLD tokens.

While WLD saw a notable drop in value at its inception, it has since rebounded, currently trading at around $3.70. Since its start in 2023, over 2.4 million people have opted to have their irises scanned with the Orb.

Worldcoin is encountering global challenges as it looks to expand its operations.

The project’s attempts to launch in various international markets this year have raised eyebrows in several regions, including France, due to the contentious nature of its practices.

Recently, Worldcoin suspended its activities in India and wound down its registration processes in Brazil and France, clarifying that these efforts were initially meant as previews before a more extensive launch planned for 2024. Kenya , Britain, Germany In another update, the Worldcoin Foundation has temporarily scaled back its proof of personhood services based on Orb verifications. This change is aimed at refining and implementing a more tailored, secure process to accommodate growing demand.

Worldcoin's launch in Singapore, paired with Tools for Humanity’s strategic affiliations within the local tech scene, highlights the project's ongoing global aspirations, despite setbacks in other regions.

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