Parent firm of Worldcoin wants to partner with PayPal and OpenAI: report

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Worldcoin News

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Worldcoin saw nearly 5.1 million sign-ups across 120 countries for users scanning their irises in exchange for the cryptocurrency WLD.

The team behind the iris-scanning crypto project Worldcoin wants to collaborate with tech and finance heavyweights, Bloomberg reports.

Tools for Humanity previously partnered with Okta Inc, a cybersecurity firm, for better Worldcoin authentication services.Worldcoin scans a person's irises with an orb to create a catalogue of digital identities and in exchange, the user receives the cryptocurrency WLD. The project plans to release an Ethereum Layer 2 called World Chain in the summer of 2024. The network aims to augment user onboarding into Worldcoin. "It will be open for everyone, and verified humans will get priority blockspace over bots as well as a gas allowance for casual transactions," Worldcoin wrote at the time of the announcement. "The network will be deeply integrated with the Worldcoin protocol to accelerate growth and leverage World ID’s Proof of Personhood.

 

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