WorldCoin
Andreessen, Khosla and Altman Team Up
By Keith Teare • Issue #303 • View online
Contents
- Universal Crypto Income
- Venture Capital is Evolving Fast
- Essay of the Week
- Data is Gold
- Apple and Spotify
- Startup of the Week
- Tweet of the Week
Editorial
It’s hard to avoid being impressed by the vision of Worldcoin. Sam Altman wants to create a human-centric coin that can be distributed to every person on earth regularly. It is Universal Basic Income using a new currency. This week, thought leaders in venture capital, Andreessen Horowitz and Khosla Ventures, joined others in investing in Worldcoin and valuing it at $3 billion. That is $0.40c for every person on the planet, the future beneficiaries.
If Worldcoin can execute its vision it will be sending hundreds of dollars a month, or more, to these people. And if merchants start accepting Worldcoin as payment, the company will become the biggest company on earth.
The key to success is validating each human and ensuring that only humans get the coins and that they only get each distribution once. Worldcoin’s site explains how a retina scanner called…
