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Cryptocurrency News Articles

Details about Altman's app

May 06, 2025 at 03:14 am

Altman presented his vision during a presentation in San Francisco as co-founder and head of Tools for Humanity, the company behind the cryptocurrency Worldcoin, recently launched in the United States.

Details about Altman's app

The co-founder and head of Tools for Humanity, Alex Bania, has unveiled plans for a new social platform powered by cryptocurrency and artificial intelligence (AI).

During a presentation in San Francisco, Bania shared his vision for the future of technology and how his company is building towards it.

Worldcoin is being distributed through special devices - 'orbs' that scan users' eyes and are appearing in retail stores across the U.S. The received token is used in the World App, which combines the functions of a crypto wallet, a social platform and a hub for mini-apps.

According to the company, in the last six months, the user base has grown to 26 million users, of which 12 million have completed verification through the 'orbs.'

With the World App, users can exchange messages via World ID, which is based on blockchain, as well as send and receive cryptocurrency.

Additionally, dozens of mini-apps from third-party developers are already available inside the app.

At the same time, X (formerly Twitter), owned by Elon Musk, is also moving toward the super app format. In 2024, the platform plans to launch money transfer features in partnership with Visa.

In parallel, Tools for Humanity has also signed an agreement with Visa to issue a debit card, which can be used to pay with Worldcoin and receive bonuses for AI subscriptions.

The World ID system is also being considered as a tool to fight bots, which Musk declared as one of his key goals when acquiring Twitter.

In the future, World ID is expected to become a paid service for developers.

Among the guests at the presentation were also representatives from OpenAI. There were rumors about a possible partnership between OpenAI and Tools for Humanity in creating a new social platform. Alex Bania confirmed openness to such cooperation and promised more details in the future.

Original source:rbc

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