In-depth analysis of World App: Can it become the ID card of the AI era?

23-05-18 15:41
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Original Title: "Is the End of AI Web3? 'ChatGPT Creator' Launches Cryptocurrency Wallet World App"
Original Source: AIOnews

Update: World App is Now Live



"Everyone should have equal access to decentralized identity and the right to freely access decentralized financial systems."


After months of development, the popularity of ChatGPT shows no signs of slowing down.


After only two months online, ChatGPT has accumulated over 100 million monthly active users, making it the fastest-growing consumer-level application in history. It has swept across the global internet, triggering a breaking-out effect and drawing increasing attention to the AI field.


Recently, Sam Altman, the founder of ChatGPT, has made a new move. On May 8th, local time, the cryptocurrency company Worldcoin, founded by Sam Altman, announced the launch of its latest product - the World App crypto wallet. Currently, after extensive development and learning from over 1.5 million beta testers, the first phase of World App has been released globally and is available for download and use in over 80 countries/regions.


The positioning and goal of World App are ambitious. Its team hopes to enable billions of people worldwide to obtain decentralized identity and access to decentralized financial systems through this application. World App is not only the first cryptocurrency wallet that natively supports the Worldcoin ecosystem, but also a groundbreaking innovation. It was initially built on the Ethereum sidechain Polygon (a blockchain that can send and receive assets from Ethereum) to provide users with a gas-free transaction experience. On May 11th local time, the Worldcoin Foundation and Tools for Humanity established a formal partnership with Optimism Collective, and World App also migrated from Polygon to the Optimism mainnet. In addition, the World ID protocol can also be used on the Optimism mainnet.


Observation: Entering World App


将加密世界的财富和人类身份置于我们的掌握之中。" translates to "Place the wealth and human identity of the encrypted world in our hands.


将加密世界的财富和人类身份置于我们的掌握之中。" translates to "Place the wealth and human identity of the encrypted world in our hands.


According to the official introduction of World App, it is a minimalist, privacy-focused, and inclusive application. Platform users will navigate through a minimalist and uniquely styled encrypted world without the need to share personal data. Instead, they can verify their identity through their personal World ID (which converts biometric data codes generated by iris scans into "human proof") and freely share and communicate with the world. On this platform, users can transfer funds to anyone for free, explore and use encrypted tokens, and have the opportunity to receive welfare grants by applying for Worldcoin Grants every month.



The difference between World App and other wallets is that it does not publicly disclose all of its available features, but instead focuses on some key features of Worldcoin and Ethereum, adhering to a minimalist design philosophy so that all users can use it more easily. Tiago Sada, the product manager of Tools for Humanity, the parent company of Worldcoin, said: "In fact, the features on World App are fewer than those on other cryptocurrency wallets, and this is intentional."


In addition, World App users can store and send digital currencies, and can choose to use bank accounts or local payment methods for deposits and withdrawals. They can also use phone contact or encrypted addresses to send free instant remittances to friends or family around the world without any fees. At the same time, World App allows you to explore and use cryptocurrencies, including Ethereum and Bitcoin, and will introduce more tokens in the future. You can track holdings, receive notifications of important price changes, and easily trade on existing markets with your balance. Additionally, World App provides 24/7 multilingual (English/Spanish/Portuguese) online support services, ensuring that users can get help anytime, anywhere.


Traceability: The "Chosen CEO" behind World App



"If you were to throw Sam Altman onto a cannibal island, he would become the king of that cannibal island in 5 years."


The founder of Worldcoin company, Sam Altman, who traced the development of World App, became famous overnight as the father of ChatGPT. Therefore, the launch of this new product has attracted a lot of attention in just a few days.


Sam Altman chose to stop studying at Stanford University in 2005 and officially embarked on his entrepreneurial journey. He developed the mobile application Loopt for his first startup, which was eventually sold for $43 million in 2012. Sam Altman then founded the Hydrazine Capital venture fund, raising a total of $21 million and investing 75% of the funds into Y Combinator. In 2014, at the age of only 28, Sam Altman became the president of YC, beginning his brilliant career in the global entrepreneurship and innovation field. In 2015, Sam Altman co-founded the non-profit artificial intelligence company OpenAI with Elon Musk and others. In 2019, Sam Altman officially became the CEO of OpenAI, and under his leadership, ChatGPT was launched and became popular worldwide.


And this time, by establishing Worldcoin and launching the World App cryptocurrency wallet, for Sam Altman, the fundamental vision is to create a fair and effective way to distribute unconditional basic income (UBI) that everyone can enjoy in this world defined by artificial intelligence, and to enable as many people as possible to benefit from this technology. He mentioned in "The Law That Governs Everything" that "In addition to the three technological revolutions - agriculture, industry, and computers - we must add the fourth: the artificial intelligence revolution. If we manage it responsibly as a society, this revolution will generate enough wealth for everyone to have what they need."


Sam Altman is very concerned about the direction of the future world, or people's expectations of the future world. Currently, Web3 is the latest expectation of the next generation of the Internet. Sam Altman has envisioned a future world where AI is ubiquitous, and for him, AI has become the next true technological foundation. The multiple synergies between Web3 and AI make them a very powerful combination in today's era and beyond. Web3's decentralized system is built on a node network, creating a more secure and transparent network. AI can help process large amounts of data to make predictions, so AI technology can be used in decentralized systems to create more efficient and intelligent applications.


Sam Altman pointed out that "the creativity in the world is amazing. Every time our tools become a little better and a little easier to obtain, our creativity will progress more than we imagine." Therefore, the launch of the new project World App also carries Sam Altman's ambitious vision for the future wealth system of humanity in the Web3 era.


Outlook: The Golden Age of Web3 - Not Behind, But Ahead


"I am sitting on the edge of a cliff with AI. Looking up, the future can be very bright. Looking down, the future can also be very bleak. I can plan for the worst case scenario and indulge in fear and prejudice, but emotionally I am more comfortable walking towards greatness together."

- Sam Altman


会当凌绝顶,一览众山小。" translates to "When standing at the top, all other mountains appear small.


As a design team of World App, TFH has high ambitions and confidence. They are pleased to share and provide the first phase of World App's user experience to users around the world. In their vision, World App will evolve into a toolkit over time, empowering individuals in the era of artificial intelligence. These tools are uniquely supported by decentralized technology to solve privacy and identity issues, including identity verification, access to native internet financial services, global fair distribution of digital currency, governance of public goods, and ultimately leading to the path of UBI funded by artificial intelligence.


Without a doubt, after creating the amazing ChatGPT, the World App's ability to usher in a new era of Web3 is still subject to further examination by time and the cryptocurrency market. However, the launch of this project may signify the arrival of the golden age of Web3.


行而不辍,未来可期" translates to "Persist in action, and the future is promising.


Currently, World App has just launched and has been given the title of "a product that may become the ID card of the AI era". This is an innovative and ambitious project, but it also means facing many challenges and doubts. Sam Altman is trying to solve the major challenges facing society by building a decentralized and transparent system that is free from national and regional restrictions. At the same time, through blockchain technology, it distinguishes between human and AI identities, helps humans govern artificial intelligence, avoids risks, and truly empowers every user in the Web3 era, making cryptocurrencies truly mainstream and breaking free from the limitations of traditional social welfare mechanisms. Therefore, the future of Web3 seems to be full of infinite possibilities. Whether the World App can achieve its market goals in today's era remains to be seen.


This article is from a submission and does not represent the views of BlockBeats.


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