1. World ID - a database of retina information about people.
2. Worldcoin - a cryptocurrency aimed at incentivizing people to give over this data.
Rather than rehashing a debate about cryptocurrency that's already well-trodden, it's worth looking at what's new here: their iris scanning tool as a way of validating a user's uniqueness.
This is already a well established problem domain, companies like Facebook, Google, Microsoft, and Apple struggle to verify that users are unique (with an account or multiple accounts tied to a single human).
4chan blocks the ip addresses of bad users, many services require a phone number to sign up, some sites have tried requiring a credit card, Facebook I believe uses the social graph to figure out how likely an account is to be real. Apple, Microsoft, and Google all use some combination of biometrics and telemetry data to authenticate users. I've noticed more sites requiring government ID (see LinkedIn's verification process).
I'm not seeing any obvious advantage that World Id will have over these existing systems.
Also any time biometric data comes up it's worth pointing out that if your biometric data gets stolen unlike a password there's no easy way to change it.