WWorldcoin.org provides a universal digital identity and a global financial network built on an open-source protocol. Users get World ID to verify identity and use the Worldcoin Wallet to send and receive funds through the World App, with the protocol and network maintained by the Worldcoin Foundation. Unlike centralized identity systems, it relies on a public protocol and a worldwide community of developers, economists, and technologists. Its goal is to enable anyone to participate in the global economy, regardless of location or socio-economic status.
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Industries
Company Size
501-1,000
Company Stage
ICO
Total Funding
$337.5M
Headquarters
San Francisco, California
Founded
2019
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Total Funding
$337.5M
Above
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Tools for Humanity's World network launched a "World ID for Banking and Finance" suite on October 18. The product, backed by Sam Altman, integrates with Zoom to counter AI-driven deepfakes. Named partners include VanEck, Pantera Capital, and Bain Capital. Critics question how World built its biometric database, which it says covers 18 million verified humans. A 2022 MIT Technology Review investigation found people in countries including Kenya and Indonesia received crypto, cash, or gifts to sign up. Kenya's High Court ruled Worldcoin's operations violated data protection law, leading to an order to delete data from over 350,000 citizens. Chile's Supreme Court also ruled against it. WLD fell from $0.547 on October 17 to $0.478 the next day.
World, the project co-founded by Sam Altman and Alex Blania, has launched World ID for banking and finance, a suite of tools that lets financial institutions confirm a real person is behind transactions, trades and customer requests. Bain Capital, OpenExchange, Outtake, Pantera Capital and VanEck Funds are initial design partners. The tools rely on three cryptographic proofs: Proof of Human, via a one-time visit to an Orb device; Proof of Presence, a phone selfie liveness check; and Proof of Attributes, which confirms details such as age from a government ID. Banks could use them to approve ACH and wire transfers or recover accounts without storing personal data. World cited Deloitte's forecast that AI-enabled fraud losses in the US could reach $40 billion by 2027, up from $12.3 billion in 2023. More than 18 million people hold a Proof of Human ID, and the World Foundation raised $52.5 million this year. Regulators in several countries have pushed back on World's iris scanning.
World, the iris-scanning company co-founded by OpenAI chief executive officer Sam Altman, said Zoom and several big financial firms, including Bain Capital and VanEck Funds, are adopting its "proof of humanity" technology to keep out malicious bots and deepfakes. On Zoom calls, people who pass World ID checks will appear with a blue badge showing they are human and who they claim to be. Companies can decide when to require proof, and reserve it for sensitive calls. The system relies on an orb device, about the size of a football, that scans irises. World says its cryptography creates no central database and the company cannot read the encrypted identities. Users verify through a phone app that checks against the encrypted record. The financial firms will keep orbs in their offices to enrol employees.
World Network, the Sam Altman-backed digital identity project formerly known as Worldcoin, has raised $52.5 million in fresh funding. The protocol uses custom hardware called an Orb to verify unique individuals and distinguish humans from AI bots without compromising privacy. The investment arrives as World shifts from building to scaling utility. The network now has over 39 million members, with more than 18 million humans verified by an Orb. Since launch, it has processed over 475 million World ID proofs. In April, World unveiled a major upgrade positioning its system as "full-stack proof of human" infrastructure for consumers, enterprises, and AI agents.
World, the digital identity network co-founded by Sam Altman, has opened a flagship store at 48 Oxford Street in London. The location offers visitors iris scans via spherical "Orb" devices, issuing World ID credentials that verify users as unique humans rather than bots. The company reports over 18 million verified humans globally. World ID integrates with platforms including Tinder and ticketing services. A Tools for Humanity survey found 79% of UK adults believe proving real identity online is increasingly important. The opening comes amid regulatory challenges. Authorities in Kenya, Portugal, Spain, Brazil and Hong Kong have banned or suspended operations over biometric data concerns. The UK's Information Commissioner's Office has not publicly cleared the iris-scanning model. World plans expansion to Manchester, Birmingham, Cardiff, Belfast and Glasgow.
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Industries
Company Size
501-1,000
Company Stage
ICO
Total Funding
$337.5M
Headquarters
San Francisco, California
Founded
2019
Find jobs on Simplify and start your career today