World

Worldcoin

Foundation

World ID

<div class="cryptonews"> 
 <p class="is-style-lead">Worldcoin (WLD) announced a $5 million <a rel="dofollow" title="grant" href="https://thebittimes.com/tag/grant.html">grant</a> program dubbed “Wave0” targeting innovators developing resilient technology and more equitable systems. </p> 
 <p>Backed by OpenAI CEO Sam Altman, the project will issue <a rel="dofollow" title="grant" href="https://thebittimes.com/tag/grant.html">grant</a>s through the Worldcoin Foundation, a non-profit organization that supports WLD’s efforts.</p> 
 <p>According to a Dec. 6 blog post, the <a rel="dofollow" title="grant" href="https://thebittimes.com/tag/grant.html">grant</a>s would be disbursed in WLD tokens with 2 million coins earmarked across three tracks under the so-called Worldcoin Tech Tree.&nbsp;</p> 
 <p>The first track, community <a rel="dofollow" title="grant" href="https://thebittimes.com/tag/grant.html">grant</a>s, allocates up to 5,000 WLD for sponsorships, hackathons, and other similar initiatives. Project <a rel="dofollow" title="grant" href="https://thebittimes.com/tag/grant.html">grant</a>s, the second track, aims to support large-scale projects with up to 25,000 WLD.</p> 
 <p>Open Track Grants will focus on the most significant and ambitious projects. The track has no budget and will receive amounts on a case-by-case basis.&nbsp;</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Worldcoin’s World ID uptake surpasses 1% of Chilean population 
 </div> 
 <p>The Worldcoin Foundation may issue <a rel="dofollow" title="grant" href="https://thebittimes.com/tag/grant.html">grant</a>s in Circle’s USD Coin (USDC) or similar stablecoins to ensure greater inclusion. The protocol notably halted USDC payments to Orb operators back in October 2023.</p> 
 <p>Per the announcement, backed projects will advance the Worldcoin Tech Tree with improvements in World ID applications, protocol, user agents, hardware,&nbsp;and operations.</p> 
 <p>Worldcoin also published a paper on decentralization, outlining its strategy for a protocol supposedly owned and governed by the human race.&nbsp;</p> 
 <blockquote class="wp-block-quote"> 
  <p>To become part of the global digital infrastructure, Worldcoin must be as robust, widespread, and neutral as the internet itself. Any lesser standard is insufficient to effectively address the grand challenges. This has been a priority from day one, and much has already been achieved.</p> <cite>Worldcoin Wave0 grant blog post</cite>
 </blockquote> 
 <p>Worldcoin launched in July 2023 to much scrutiny based on privacy concerns espoused by crypto proponents. The protocol, which scans users’ iris and issues biometric identification, created sign-up centers in several developing nations, leading many to question Worldcoin’s intentions.&nbsp;</p> 
 <p>Regulators in France and Germany opened an investigation into the project, reportedly probing its data collection and security systems. Worldcoin plans to extend its ID verification platform to businesses and government despite pushback from skeptics.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Worldcoin flaw allowed anyone to become an orb operator 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/worldcoin-unveils-5m-grant-initiative-for-blockchain-builders-tbt72839.html">https://thebittimes.com/worldcoin-unveils-5m-grant-initiative-for-blockchain-builders-tbt72839.html</a></p>

Worldcoin unveils $5m grant initiative for blockchain builders

TheBitTimes

Other articles published on Dec 6, 2023

Binance delists 'stablecoin' AEUR after it pumped 200% on launch

SKUY’s Quantum Leap: Moon Mission to Ethereum Unleashed!

The Evolution of AI in Enhancing Mobile User Experience

SOL Price Jumps 8% Today, Will Solana Cross $75 This Year?

Kenyan e-commerce Tappi secures $1.5m in funding led by Mercy Corps

Crypto Expert Predicts Imminent Bitcoin (BTC) Price Correction – When to Expect It?

Join our free newsletter for daily crypto updates!