Worldcoin Foundation Launches $5 Million Community Grants Program
The iris-scanning project Worldcoin (WLD) has introduced a funding initiative called “Wave0” to support resilient technology and equitable systems. The Worldcoin Foundation, a non-profit organization supporting WLD’s efforts, will distribute $5 million in grants through three tracks. The community grants track offers sponsorships and hackathon support, while the project grants track supports large-scale projects. The Open Track Grants focus on significant and ambitious projects on a case-by-case basis. The grants aim to advance the Worldcoin Tech Tree by supporting research and development efforts, particularly in privacy and biometrics. Projects leveraging Worldcoin and World ID are also eligible for grants.
Sam Altman Returns as Worldcoin Co-Founder After Recent Turmoil
Sam Altman, CEO of OpenAI and co-founder of Worldcoin, has resumed his leadership role at Worldcoin after being ousted from OpenAI. Altman’s return follows negotiations that also brought back president Greg Brockman. The deal includes new board members, including representation from Microsoft. Despite privacy concerns raised by regulators and skeptics, Worldcoin plans to extend its ID verification platform to businesses and governments. The protocol aims to be a part of the global digital infrastructure owned and governed by the human race. The project has faced criticism but has also seen significant growth, with over 4 million app downloads and increasing active user numbers.
Hot Take: Worldcoin Empowers Innovators with Funding Initiative
The Worldcoin Foundation’s Wave0 program demonstrates its commitment to supporting innovators working on resilient technology and equitable systems. By allocating $5 million in grants across three tracks, the foundation aims to empower developers on the Worldcoin platform. With an emphasis on privacy and biometrics, the grants will support research and development efforts that contribute to the advancement of the Worldcoin Tech Tree. Despite privacy concerns and regulatory scrutiny, Worldcoin remains focused on expanding its ID verification platform and becoming part of the global digital infrastructure. The project’s growth and active user numbers indicate a growing interest in its vision and technology.
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