ChatGPT Creator’s Latest Project: World Coin Launches Crypto Wallet
08 Mai 2023 - 3:01PM
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Sam Altman, the creator of ChatGPT, attracted attention from the
crypto industry in 2021 by reviving a token founded in 2013, World
Coin. The project has been progressing slowly, but today will
launch a new tool designed for the “AI Age.” Related Reading:
Bitcoin Block 788695: The Day Transaction Fees Took The Crown Per a
press release shared with Bitcoinist, the team behind World Coin
launched a new crypto wallet called World App, a financial and
identity manager. Previously in a testing phase running on Polygon,
the crypto wallet is now open to the public and free to download.
ChatGPT, Not The Only Tool That Will Change The World? With a
simplified interface, the wallet will natively support the World
Coin and Ethereum ecosystems. The app has been designed to remove
the friction from onboarding new users to crypto. In that sense,
the app was created to fulfill three core objectives: provide
people with a decentralized alternative to manage their data and
identity, access finance, and increase crypto adoption. According
to the release, World App was “intentionally designed” to protect
people’s privacy. The crypto wallet will provide users with access
to rewards for learning about crypto and even World Coin Grants to
help the project evolve into a toolkit to “empower individuals in
the Age of AI, built on top of the largest network of real humans.”
The World App is available in over 80 countries. During its beta
phase, the World App onboarded over 1.5 million users with 500,000
active monthly users and 60,000 transactions. Tiago Sada, Head of
Product at Tools for Humanity, told Bitcoinist the following
regarding their newest product: The intentionally simple design of
World App aims to accelerate adoption of decentralized financial
and identity systems. World App manages to abstract away a lot of
complexity while preserving critical properties like self-custody
and privacy. It is uniquely enabled by World ID’s Proof of
Personhood to offer features such as gasless transactions, learn to
earn courses, and 24/7 chat support to increase accessibility.
Beyond A Crypto Wallet, What Is World App? The World App will be
compatible with World ID, another application that operates as a
“human passport to access” the internet. The app provides a
seamless connection with the online world, allowing users to verify
their identity, sign into websites, and access decentralized
applications. In addition, World App can be connected to the legacy
financial system. The app has several deposit and withdrawal
options for bank accounts and local payment methods. People can
send and receive money instantly for free. Per the release, the app
is aiming at becoming much more than a crypto wallet: World App
wallets use account abstraction through SAFE contracts to increase
security and simplicity. Peer-to-peer payments support ENS
usernames for friendlier ERC-20 transfers. Token trading is made
possible by the Uniswap protocol. Circle’s USDC enables users
around the world to hold digital stablecoins backed by real dollars
in a compliant manner. Frictionless deposits and withdrawals are
enabled by regulated providers around the world, including Ramp and
MoonPay Related Reading: How Long Will Dogecoin Remain Sideways As
Sellers Threaten Bearish Breakout? ChatGPT changed the world; the
tool has provided millions with the power to enhance their workload
and create at a new and faster pace. Can World App accomplish
something similar in the crypto industry?
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