A New Era of Funding
Worldcoin has just bagged an impressive $115 million in a Series C funding round, led by none other than Blockchain Capital. This fresh infusion of capital aims to elevate its ambitious projects, particularly the development of the decentralized World ID and the recently launched crypto wallet, World App.
Visionaries at the Helm
At the core of Worldcoin are some serious heavy hitters, including Sam Altman, OpenAI’s CEO. Collaborating with the innovative minds at Tools for Humanity, they’re on a mission to address the challenges posed by the rapid evolution of artificial intelligence, focusing on establishing proof of personhood in our increasingly digital world.
What the Funds Will Do
According to Akarsh Sanghi, head of product and business ops at Tools for Humanity, the ultimate goal is to create decentralized, privacy-centric solutions that allow individuals to demonstrate their humanity online. With these additional funds, Worldcoin plans to enhance tools and technologies that promote financial empowerment globally, already onboarding over 2 million users during its beta phase.
The World App: Your Friendly Neighborhood Crypto Wallet
Launched to the public in May, the World App operates on both Android and iOS, integrating seamlessly with the Polygon network. Users enjoy a gas-free experience while managing transactions of various cryptocurrencies, including USD Coin (USDC), Dai (DAI), Ether (ETH), Worldcoin (WLD), and wBTC, employing zero-knowledge proofs for user verification.
Partners in Crime: Collaborations and Future Prospects
Worldcoin has strategically teamed up with regulated players like MoonPay and Ramp to facilitate smooth on- and off-ramps for users within the wallet. Notably, the wallet allows for easy crypto swapping via a built-in Uniswap integration, and users can send and receive digital assets using their contacts’ phone numbers.
However, it’s worth noting that the WLD token is currently unavailable in the United States and some other regions. Having launched in 2019 with backing from venture firms like Andreessen Horowitz and notable investors, including Sam Bankman-Fried and Reid Hoffman, Worldcoin is venturing bravely into the vast, yet complex landscape of blockchain technology.
