What Tools for Humanity does: It develops Worldcoin, a cryptocurrency and digital identity project aimed at building a global financial and identity network. How its product works: A hardware device called the Orb scans a person’s iris to create a unique, privacy-preserving digital identity called a World ID, and Worldcoin (WLD) tokens are distributed to individuals who sign up. How it differs from competitors: It combines biometrics-based identity verification (iris scans) with crypto onboarding to rapidly grow a global user base, focusing on financial inclusion in developing markets, and offering free Worldcoin tokens to new users. What its goal is: to establish a worldwide financial and identity network with broad user adoption, enabling access to financial services and verifiable identity through a shared crypto-based system.
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$240M
Headquarters
San Francisco, California
Founded
2019
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