OpenAI President’s Worldcoin project dispatches wallet application
Worldcoin, founded by Sam Altman, is set to launch its WLD token this year.
Worldcoin wallet now, token later
A beta version of Worldcoin (WLD) and third-party cryptocurrencies like Wrapped Ethereum (WETH), Wrapped Bitcoin (WBTC), USD Coin (USDC), and Maker’s DAI stablecoin (DAI) are supported by the new wallet, which is called “World App.”
Worldcoin will be released later this year, but it is not yet available for purchase. The token will be available for weekly or monthly redemption to users in countries that meet the requirements. WorldCoin stated that American users are not permitted to hold the asset.
The Ethereum blockchain and related technologies like account abstraction, ENS usernames, and Uniswap provide the majority of the power for World App and Worldcoin. The final version will run on Ethereum rollups, whereas the beta uses Polygon.
Additionally, the project relies on Ramp and MoonPay for deposits and withdrawals made in cash.
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Worldcoin focuses on AI, ID
Worldcoin’s reliance on retina-scanning ID technology, which was frequently dubbed “dystopian,” caused controversy beginning in 2021.
Today, the project addressed that concern by pointing out that World App integrates its World ID product, but only if users choose to do so. It stated that users could immediately delete their data and that the app does not “require any personal information.” World ID keys are said to be self-custodial, but users can back them up using cloud services.
Worldcoin likewise alluded to its computerized reasoning (man-made intelligence) plans, noticing that it means to “engage people in the Time of computer based intelligence” by giving “Artificial intelligence subsidized UBI.”
Apart from the fact that Sam Altman has been involved in both companies, Worldcoin and OpenAI do not have any direct connections. Altman plays likewise held different parts in the tech business, including different situations at the startup gas pedal YCombinator somewhere in the range of 2011 and 2019.
