What is Worldcoin, a platform that wants to globalize cryptocurrency?

Worldcoin is a startup that aims to develop a global, collectively owned cryptocurrency.

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Uesley Durães

May 17, 2023 08:21 PM

What is tokenization?

Within the metaverse there are a series of possibilities. You can buy and sell items and also use them. The so-called “tokens” are, more or less, virtual objects traded using cryptocurrencies. With the expansion and popularization of web 3.0, things present in the physical world can gain virtual representations and begin to be used in the metaverse. Some practical examples of tokenization are clothing, arts, audio, land and even financial assets. O Curto News explains it to you.

They are working to create a digital alternative to traditional money, which is accessible to people around the world. Worldcoin intends to use blockchain technology to ensure secure and fast transactions, in addition to promoting decentralization and equal participation for all users.

GM! DYK World App wallets use account abstraction through @SAFE contracts to increase security & simplicity, & peer-to-peer payments support @ensdomains usernames for friendlier ERC-20 transfers 💡

Full article 👉 https://t.co/S65MJnMXjY pic.twitter.com/XvmGvvtcyv
— Worldcoin (@worldcoin) May 15, 2023

What Worldcoin preaches

Worldcoin's proposal is to allow anyone, regardless of their location or economic status, to use cryptocurrency as a form of payment and carry out transactions.

They seek to solve problems related to the complexity of existing cryptocurrencies, offering a simple and accessible experience for users. With an in-development blockchain protocol and an easy-to-use cryptocurrency wallet, Worldcoin seeks to drive large-scale adoption of cryptocurrencies and democratize access to the global financial system.

This startup has one of the strongest names in technology currently behind it. Sam Altman is part of the list of project founders and has been seeking investment for the platform.

See also:

Founder of OpenAI seeks $100 million in funding for startup Worldcoin and its collective cryptocurrency project

At the beginning of this week, North American websites are reporting on the advanced negotiations of a large investment for another startup by the CEO of OpenAI, Sam Altman. The new business would involve cryptocurrencies.

This post was last modified on May 17, 2023 08:21

Uesley Durães