ChatGPT, the brainchild of entrepreneur Sam Altman, made a huge splash in 2021 when it redesigined a token launched back in 2013, dubbed World Coin. After months of painstaking development, World Coin has finally released a financial and identity manager tool, appropriately called World App, specially tailored for the “AI Age”.
The World App, which is now available to the public and free to download, boasts of a straightforward interface designed to make onboarding new users into the domain of cryptocurrency a much simpler process. This crypto wallet is integrated with multiple features that enable users to manage their data, identity and access finance without compromising on their data privacy. Added features include rewards for learning about cryptocurrency, World Coin Grants to help upgrade the platform as well as secure and instant deposits and withdrawals.
To fulfil its core objectives, the World App encompasses the Ethereum ecosystem with support for ENS usernames for friendlier ERC-20 transfers and the use of SAFE contracts for heightened security and convenience. Additionally, tokens are available for trading through the Uniswap protocol, while Circle’s USDC provides access to fiat-backed currency compliant with local regulations.
The World App is currently accessible in over 80 countries, with the beta version onboarding 1.5 million users, 500,000 of which are active monthly, and a total number of transactions hitting 60,000. Head of product at Tools for Humanity Tiago Sada commented that the World App was built with the primary goal of increasing the adoption of decentralized financial and identity systems. Furthermore, the app makes use of World ID’s Proof of Personhood as a passport feature to access the internet and boost users’ privacy.
By introducing the World App into the cryptocurrency space, Sam Altman’s mission is to create a one-stop shop for users to access finance, increase crypto adoption and provide trusted identity verification. Determined to live up to its name, this remarkable app holds the potential to revolutionize the crypto industry in the same way that ChatGPT reinvented the world of digital transformation.
