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AI & Enterprise
World open-sources ProveKit zero-knowledge proof toolkit used in World ID
World said on Sept. 7 it has open-sourced ProveKit, a zero-knowledge proof toolkit that can verify age, nationality or valid ID possession without disclosing personal information. The company said it has opened to external developers the technology used in World ID, its “Proof of Human” system, and expects developers to build privacy-preserving identity checks into apps and services. ProveKit processes proofs on users’ devices rather than external servers.
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.