Sam Altman, co-creator of the identity-centric crypto initiative Worldcoin (CRYPTO: WLD), is highlighting several major operational hurdles the project is facing.

Altman, who also helms OpenAI, the organization behind ChatGPT, speaking on a panel at Token 2049 in Singapore said, “The operational challenges are obviously huge [when] you think about what it takes to get these orbs manufactured.”

However, he remains optimistic, noting that both issues are "trending well."

These challenges and the future of digital assets are set to feature prominently at Benzinga's Future of Digital Assets conference on Nov. 14 in NYC.

Launched on July 24, 2023, Worldcoin's unique proposition allows users to authenticate their identity online using an iris scan, earning them a World ID.

Also Read: Why Bitcoin Wikipedia Page Traffic Just Hit 2023 Peak

The project has since set up its "orbs" in numerous cities, with a significant presence in the Global South.

Alex Blania, Worldcoin's co-founder, shared insights into the project's rapid expansion.

“We had a really crazy, crazy surge in the weeks after launch,” he said, emphasizing the overwhelming response with "long, long lines of people waiting to set up pretty much everywhere."

Blania mentioned the team's focus on scaling and their ongoing dialogues with global policymakers.

Despite its success, the project hasn't been without its critics, especially concerning data privacy.

Read Next: FTX Gets Green Light To Liquidate $3.4B In Crypto To Pay Off Creditors

Photo: Shutterstock