Reporters visited booths of Worldcoin, a global blockchain project championed by OpenAI CEO Sam Altman, in Nairobi, Bengaluru, and Hong Kong to get a better sense of who was signing up for the service and why. In all three cities, the surge of interest for registering their biometrics to the blockchain was driven primarily by the sign-up bonuses. Relatively few people were familiar with the goals of the project.
I’m more interested in learning about who is paying the 25 WLD, how they have funded that, and how they plan to generate a return on the investment. There is already an upfront investment involved in developing the token, the “orb”, and the uses of the data, so what is the business model that generates revenue for them?