1 year ago
Worldcoin, a cryptocurrency task co-founded by OpenAI CEO Sam Altman, announced the motorboat of its cryptocurrency wallet connected May 8.
Worldcoin wallet now, token later
The caller wallet, titled “World App,” supports a beta mentation of Worldcoin (WLD) arsenic good arsenic third-party cryptocurrencies specified arsenic Wrapped Ethereum (WETH), Wrapped Bitcoin (WBTC), USD Coin (USDC), and Maker’s DAI stablecoin (DAI).
Worldcoin itself is not presently successful circulation but volition beryllium launched aboriginal this year. Users successful eligible countries volition beryllium capable to assertion the token connected a play oregon monthly basis. Users successful the U.S. are not meant to clasp the asset, WorldCoin said.
World App and Worldcoin are mostly powered by the Ethereum blockchain and related technologies including relationship abstraction, ENS usernames, and Uniswap. The beta relies connected Polygon portion the last mentation volition tally connected Ethereum rollups.
The task besides relies connected Ramp and MoonPay for fiat withdrawals and deposits.
Worldcoin focuses connected AI, ID
Worldcoin attracted controversy opening successful 2021 owed to its reliance connected retina-scanning ID technology, which was often called “dystopian.”
The task addressed that interest contiguous arsenic it noted that World App integrates its World ID product, but connected an optional basis. It said that the app does not “require immoderate idiosyncratic information” and said that users tin delete their information instantly. It said that World ID keys are self-custodied, though users tin backmost up those keys connected unreality services.
Worldcoin besides hinted astatine its artificial quality (AI) plans, noting that it aims to “empower individuals successful the Age of AI” by providing “AI-funded UBI.”
Worldcoin is not straight related to OpenAI beyond the information that Sam Altman has been progressive successful some firms. Altman has besides held different roles successful the tech industry, including assorted positions astatine the startup accelerator YCombinator betwixt 2011 and 2019.
The station OpenAI CEO’s Worldcoin task launches wallet app appeared archetypal connected CryptoSlate.
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