Worldcoin’s Orb Technology has turned eyeball scanning into a sensation, attracting over 200,000 Chileans with the promise of $42 in cryptocurrency.
- Worldcoin’s Orb Technology is captivating over 200,000 Chileans, who can exchange an eyeball scan for $42 worth of cryptocurrency.
- Despite privacy concerns, Worldcoin has seen success in Chile and Argentina where thousands sign up in a single day.
Worldcoin’s Orb Technology in downtown Santiago, Chile has attracted attention as thousands of people line up to have their eyeballs scanned in exchange for cryptocurrency. The unconventional approach to data collection and distribution has sparked both curiosity and controversy.
The Eyeball Scanning Craze
Imagine encountering a gleaming silver orb outside a metro station and being offered approximately $42 in return for having your eyeballs scanned. It’s an offer that’s hard to resist, especially in countries like Chile, where every dollar counts. According to Worldcoin, over 200,000 Chileans have willingly participated in this unique experience.
Carlos Santibañez, a 29-year-old Chilean from a small southern town called Llanquihue, decided to have his eyeballs scanned out of curiosity in September 2022. Back then, the WLD token had no monetary value. However, since that time, he has amassed over $150 in earnings and continues to receive WLD tokens. What sets Worldcoin apart, in Santibañez’s view, is its relatively less invasive approach to data collection compared to other companies. He notes, “At least I’m making something off this information.” Moreover, the participation of renowned investors in Worldcoin reassured him of the project’s legitimacy.
Currently, having your eyeballs scanned by Worldcoin earns you 25 WLD tokens, equivalent to roughly $42 according to Coingecko. This substantial sum is especially meaningful in Chile, where the minimum wage is around $512 per month. Earning 8% of their monthly wage by simply scanning their eyeballs has proven too enticing for many Chileans to pass up.
Success in Emerging Economies
Worldcoin has achieved notable success in emerging economies like Chile. In Argentina, a country grappling with high inflation rates, Worldcoin reported a day in August with one sign-up occurring every nine seconds. Across the Atlantic in Africa, Kenya also witnessed astounding interest, with local media reporting over 350,000 registrations. This level of enthusiasm is not surprising in a country where the minimum wage barely surpasses $100 per month. However, it’s important to note that Kenyan authorities have since banned Worldcoin’s operations, citing privacy concerns.
The Crypto Skeptic Perspective
Javier Santelices, a 25-year-old Chilean student who leans toward crypto-skepticism, decided to give Worldcoin a try when he encountered their scanning station. He admits, “I’ve never really understood crypto,” but the allure of “free money” was irresistible. Santelices echoes Santibañez’s sentiment that data collection is already widespread on the internet and sees Worldcoin’s approach as no different.
Limited Regulatory Pushback
Interestingly, Worldcoin’s controversial project has not encountered widespread regulatory resistance in Chile, despite the staggering number of participants. Chile is renowned for its economic freedom and burgeoning tech scene, standing at the forefront of artificial intelligence in the Latin American region. However, the fact that approximately 1% of the population has signed up for Worldcoin has left some observers puzzled.
Francisco Díaz, a Chilean anthropologist specializing in Decentralized Autonomous Organizations (DAOs), shared his perspective on the Worldcoin phenomenon. He has been actively involved in talentDAO, a research collective exploring the workings of such organizations. Díaz believes that the success of Worldcoin in Chile is primarily due to the economic incentive it offers. Given the country’s minimum wage, he concludes, “It’s not a small amount of money.”
Worldcoin’s Orb Technology has attracted over 200,000 participants in Chile, raising concerns about privacy and data collection. But for many Chileans, it is seen as an opportunity to earn extra income. This success highlights cryptocurrency’s potential to impact financially vulnerable individuals, but its innovative approach to data collection and wealth distribution still faces regulatory and public scrutiny.