Sam Altman’s WorldCoin project has launched a self-custodial mobile app that allows users to manage their World ID and multiple cryptocurrencies.
The World app developed by Tools for Humanity, the company behind WorldCoin, is built on the Ethereum sidechain Polygon, according to Monday. blog post by the company.
“You can use it to authenticate with World ID to prove you’re a real person, receive your WorldCoin tokens, and send digital money anywhere,” the team said in the announcement.
The team noted that the World App will be available to anyone, anywhere in the world, making it the first product with elusive identity that is accessible to everyone.
Furthermore, the app comes with local language support and the ability to be supported by phones that are more than 10 years old.
It is also poised to do “gas-free transactions”, which means it will cover gas fees for transactions.
“The native iOS and Android apps are also engineered to maximize inclusiveness. At approximately 18MB they are 5 times smaller than the industry average.”
The development of the app relies on a range of crypto firms, projects and tools, including Uniswap, ENS Username, which can be used for direct transfers, and Ramp and Moonpay, used for on- and off-ramp May go.
World App already has over 1.6M users
While the app is still in the testing phase, it has garnered 1.6 million users and logs 60,000 transactions on a typical day.
“Since its initial launch, 1.5 million people have joined the beta, of which more than 500,000 use it every month,” the company said in the announcement.
“On a typical day, it sees around 60,000 transactions and 25,000 World ID checks from over 100,000 people around the world.”
World ID is the identity protocol underpinning the WorldCoin project, allowing people to prove they are real in an age of artificial intelligence models and robots.
It was unveiled in March and is now available for download in over 80 countries.
Worldcoin itself is an open-source protocol created to help give everyone access to the global economy. The founders envision Bitcoin as a global distribution network for a universal basic income.
To ensure an equitable distribution of coins, the company plans to use its World ID protocol, which will allow users to claim their allocation of WorldCoins through the World App platform.
Notably, Sam Altman, co-founder and CEO of ChatGPT parent OpenAI, co-founded Worldcoin in 2020.
The project has also received some criticism since its launch.
As the project scans people’s irises and eyes to ensure that crypto is distributed fairly, some have raised privacy concerns,
For one, Edward Snowden, the American former computer intelligence and whistleblower, has investigation The project’s use of biometrics for verification, saying in October 2021 that “the human body is not ticket-punch.”
“It looks like it creates a global (hash) database of people’s iris scans (for “fairness”), and gives away the implication saying “we’ve removed the scans”! Yes, but you can use the data generated by the scans. *hash*. The hash that matches *future* scans.”
