Worldcoin, the project supported by Openai CEO Sam Altman, has launched the World App to complement the release of World ID. The application aims to democratize decentralized identities and finance by utilizing World ID to enable users to sign into different websites, crypto applications, and share personal data in a privacy-focused manner.
Worldcoin Unveils World App
The Worldcoin project made an announcement on May 8, 2023, revealing the launch of their new World App. The application dubbed the “minimalist wallet” is designed to bring “decentralized identity and finance” to the masses. The Worldcoin project, which was introduced to the public in October 2021, is backed by Sam Altman, CEO of Openai.
Before unveiling the World App, Worldcoin introduced the World ID, an identification protocol that relies on iris recognition and claims to be resistant to AI manipulation. The project employs zero-knowledge (ZK) proofs that are linked to biometric data scans. The new World App will feature a crypto wallet that will utilize Worldcoin’s native token (which has yet to launch), as well as bitcoin (BTC) and ethereum (ETH).
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Author: Jamie Redman
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