By renewing a token created in 2013, World Coin, ChatGPT’s inventor Sam Altman in 2021 won interest from the cryptocurrency community. The project has been moving slowly, but it will unveil a brand-new tool today that was created for the “AI Age.”
The world won’t be changed by ChatGPT alone.
The wallet will have a streamlined design and native support for the Ethereum and World Coin ecosystems. The purpose of the software is to assist in introducing new users to cryptocurrency as frictionless as possible.
In this regard, the app was developed to achieve three main goals: to encourage adoption of cryptocurrencies, to give individuals a decentralised alternative for managing their data and identities, and to give them access to financing.
The press announcement claims that World App was “intentionally designed” to safeguard users’ privacy. Users will have access to World Coin Grants and awards for learning about cryptocurrencies through the cryptocurrency wallet, which will aid in the project’s evolution into a toolkit to “empower individuals in the Age of AI, built on top of the largest network of real humans.”
Over 80 nations offer access to the World App. 60,000 transactions and 500,000 active monthly users were added to the World App during its beta phase, which included over 1.5 million users. The following is what Tools for Humanity’s head of product, Tiago Sada, said to Bitcoinist about their most recent offering:-
“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.”
What Is the World App, Besides a Crypto Wallet?
World ID, a different programme that functions as a “human passport to access” the internet, will be compatible with the World App. Users can access decentralised applications, authenticate their identity on websites, and maintain a seamless connection to the online world thanks to the app.
World App can also be integrated with the existing banking system. For bank accounts and local payment methods, the app offers a variety of deposit and withdrawal choices. Money can be instantaneously sent and received with no cost.
“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”
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? Well, it's just a matter of time..!!!
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