Worldcoin's iris-scanning technology is being questioned by regulators (Danny Nelson/CoinDesk)

Worldcoin, Sam Altman's Crypto Project, Is Building a Layer-2 Chain

Summary

OpenAI founder Sam Altman's Worldcoin is launching its own blockchain, World Chain, on Ethereum's layer-2 network. The chain will prioritize "verified humans" over bots, offering cheaper fees and faster transactions. The project's "orb" scans users' retinas to ensure human identity. Despite privacy concerns and criticism, Worldcoin has grown to over 70 million transactions and gained praise for addressing privacy issues. World Chain aims to integrate World ID into other wallet apps and establish WLD as a first-class currency alongside ETH.