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Tools for Humanity Corporation

Blockchain

Worldcoin Stock

Worldcoin is an innovative, privacy-centric global initiative that aims to create a universally accessible, decentralized financial and identity system. Utilizing advanced technologies like the World App and Orb devices, Worldcoin is designed to integrate every individual into the global economy, enhancing personal privacy while promoting equal economic opportunities across different geographies.

Founded: 2023

Worldcoin Website

Worldcoin Company Overview

Worldcoin is a cutting-edge project launched with the vision of establishing a privacy-first, decentralized platform that offers universal access to the global economy. Founded by an alliance of technologists, developers, and economists, Worldcoin introduces a unique approach to personal identity verification through biometrically enabled devices known as Orbs. These devices are pivotal in creating World IDs, ensuring secure and private access to the platform. The core components of Worldcoin include the World App and the World Chain, a forthcoming blockchain designed to support the operations of the World App and ensure transparent, secure transactions. The World App functions as the first wallet compatible with World ID, facilitating not only identity verification but also financial transactions and smart contract operations. Significantly supported by the Worldcoin Foundation, the initiative emphasizes user privacy and open-source collaboration. The Foundation, guided by advisors from Tools for Humanity (TFH), focuses on expanding access to digital economy tools and fostering a self-sustaining community of users and developers. TFH's role extends beyond advisory, involving active participation in application operations and development. Worldcoin’s development and operational model is based on inclusivity and public collaboration, reflecting its commitment to the egalitarian principles of equality and privacy. The project's ambitious goal is to integrate billions of individuals into a digital economic system that is both equitable and accessible, regardless of geographical and socio-economic barriers. Worldcoin operates under stringent privacy protocols and offers its services globally, with specific restrictions on cryptocurrency transactions in certain regions like the United States due to regulatory compliance. Despite these limitations, the platform remains accessible for identity verification and other non-financial services in these areas. As part of its community-driven approach, Worldcoin also supports initiatives like community grants to encourage widespread participation and contribution to its ecosystem. The project continuously evolves, guided by feedback from its diverse user base and the ongoing development of blockchain technology.

Management Team

Alex Blania CEO and Co-Founder
Steven Smith Head of Protocol
Christian Brendel Head of AI and Biometrics
Max Novendstern Co-Founder
Sam Altman Co-Founder

Funding Information