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AI & Enterprise
Iris-based World ID can overcome limits of captchas and KYC for proof of personhood in AI era
Tools For Humanity, which develops the iris-based ID project World, said proof of personhood is becoming more important in the AI era and that World ID can overcome the limits of captchas and KYC checks. Chief Business Officer Trevor Traina said bots generate more than half of web activity and can now replicate IDs, weakening existing verification. He said the World app has nearly 40 million downloads and 18 million users verified via Orb.
Crypto
Sam Altman\'s biometric authentication startup World raises $52.5 million from cryptocurrency sale
World, an online authentication startup co-founded by Sam Altman, raised $52.5 million by selling WLD tokens to strategic investors, with a 12-month lockup, TechCrunch reported. Investors cannot sell or trade WLD for a year. World said the condition reflects long-term investment in its growth and expanding utility. Proceeds will go to the Cayman Islands-based World Foundation. Pantera Capital led the purchase, with other firms participating.
Crypto
Grayscale moves to launch spot Worldcoin ETF, pending SEC and Nasdaq approval
Asset manager Grayscale has begun procedures to launch a spot exchange-traded fund based on the Worldcoin token, WLD. It filed a registration statement with the U.S. Securities and Exchange Commission for the Grayscale Worldcoin ETF, which would track a CoinDesk benchmark rate and list on Nasdaq under the symbol GWLD. The filing details custody and administration partners and flags regulatory risks, token volatility and ownership concentration.
