Sam Altman’s Ethereum-Based Crypto Business from ChatGPT

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Sam Altman of CHATGPT is behind Worldcoin. Photo: Drew Angerer/Getty

Worldcoin, the controversial iris-scanning cryptocurrency venture led by Sam Altman of ChatGPT, has partnered with Ethereum Layer 2 Optimism.

The San Francisco-based project, created in 2019 as a prototype to power Universal Basic Income, announced an operational shift from Polygon to Ethereum’s layer 2 optimism.

Worldcoin applications, including the World App wallet and World ID, a decentralized privacy-focused identity protocol for logging into various platforms such as websites, mobile apps and web3 dApps, are expected to migrate from Polygon (MATIC-USD) to Optimism.

Read more: Japan Struggles to Reclaim ‘Number One with Web3 Innovation’ | The Crypto Mile

This move is part of a larger partnership with the Ethereum-based Optimism Collective. Ethereum Layer 2 Optimism (OP-USD) is a technology that increases Ethereum’s transaction speed and reduces transaction fees.

“With over 1.6 million beta registrations and over 500,000 World App monthly active users, Optimism mainnet deployments will expand access and help Worldcoin reach an ecosystem of developers and users. aligned with values,” the Worldcoin Foundation said in an announcement.

What is Worldcoin?

Worldcoin is backed by venture capital firm Andreessen Horowitz and co-founded by OpenAI chief executive Sam Altman. It is intended to help the world adjust to the possibility of mass unemployment caused by the automation of millions of jobs by AI.

It aims to create a global digital currency distributed to everyone around the world as a universal basic income.

However, to access the new cryptocurrency and its monetary system, users must controversially scan their iris, giving Worldcoin access to potentially billions of individual biometric data profiles from across the planet.

Read more: Memecoins’ debut on the Bitcoin blockchain causes congestion and record transaction fees

The iris scan is intended to ensure that people receive only the designated distribution.

The story continues

Worldcoin is building the world’s largest identity and financial network as a public utility, giving ownership to everyone, he said.

The Worldcoin Foundation added, “We aim to create universal access to the global economy, regardless of country or background, accelerating the transition to an economic future that welcomes and benefits every person on the planet.

Worldcoin is not available at the moment, it is still in development phase.

Watch: Japan Struggles to Reclaim ‘Number One with Web3 Innovation’ | The Crypto Mile

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