Sam Altman, the creator of ChatGPT, caught the attention of the crypto industry in 2021 by reviving a token created in 2013, World Coin. The project is progressing slowly, but today a new tool designed for the “AI era” is being launched.
According to a press release shared with Bitcoinist, the team behind World Coin launched a new crypto wallet called World App, a financial and identity manager. Previously in a testing phase on Polygon, the crypto wallet is now open to the public and free to download.
ChatGPT, not the only tool that will change the world?
With a simplified interface, the wallet natively supports the World Coin and Ethereum ecosystems. The app is designed to take the friction out of onboarding new users to crypto.
In that sense, the app was created to fulfill three core goals: to provide people with a decentralized alternative to manage their data and identity, access funding, and increase cryptocurrency adoption.
According to the release, World App is “intentionally designed” to protect people’s privacy. The crypto wallet offers users access to rewards for learning about crypto and even World Coin Grants to help evolve the project into a toolkit to “empower individuals in the age of AI, built on the largest network of real people.”
The World App is available in more than 80 countries. During its beta phase, the World App attracted more than 1.5 million users with 500,000 active monthly users and 60,000 transactions. Tiago Sada, Head of Product at Tools for Humanity, told Bitcoinist about their latest product:
World App’s deliberately simple design aims to accelerate the adoption of decentralized financial and identity systems. World App manages to remove a lot of complexity while maintaining critical features such as self-preservation and privacy. It is uniquely powered by World ID’s Proof of Personhood to offer features such as gasless transactions, learn earning courses and 24/7 chat support to increase accessibility.
Beyond a crypto wallet, what is the world app?
The World app will be compatible with World ID, another application that acts as a “human passport to access the internet”. The app provides a seamless connection to the online world, allowing users to verify their identities, log into websites and access decentralized applications.
In addition, World App can be linked to the legacy financial system. The app has different deposit and withdrawal options for bank accounts and local payment methods. People can send and receive money instantly for free.
According to the release, the app aims to become much more than a crypto wallet:
World App wallets use account abstraction via SAFE contracts to increase security and simplicity. Peer-to-peer payments support ENS usernames for friendlier ERC-20 transfers. Token trading is powered by the Uniswap protocol. Circle’s USDC allows users around the world to compliantly hold digital stablecoins backed by real dollars. Frictionless deposits and withdrawals powered by regulated providers around the world, including Ramp and MoonPay
ChatGPT has changed the world; the tool has enabled millions of people to increase their workload and create at a new and faster pace. Can World App achieve something similar in the crypto industry?
