Lido Co-Founders Said to Plot Competitor to Sam Altman's World Network
Sam Altman launched Worldcoin, now rebranded as World Network, over two years ago, utilizing iris scans for digital passports to distinguish humans from bots. A new competitor, "Y," is being developed by co-founders of Lido, aiming to challenge World Network without using biometric data. Y plans to verify users through their online activity and the Ethereum Attestation Service, addressing privacy concerns linked to World Network's iris scans. The Y project intends to market itself by highlighting World Network's controversies, including privacy issues and exploitative practices. Y's approach will provide a nuanced score of user identity, contrasting with World’s binary system. World Network has onboarded over 15 million users, with 7 million authenticated via iris scans. Y's creators aim to leverage their crypto expertise and connections to attract users away from World Network.
