According to an announcement on May 8, Worldcoin has launched a gas-free crypto wallet for verified humans as part of its project to identify individuals and differentiate them from artificial intelligence.
Named “World App,” this new wallet is available on both Android and iOS operating systems and currently runs on the Polygon (MATIC) network, allowing users to hold and transfer United States Dollar Coin (USDC), Dai (DAI), Ether (ETH), Worldcoin (WLD) and Wrapped Bitcoin (WBTC).
The World ID system is used by World App to differentiate humans from bots. First, users need to register for a World ID by providing a phone number or iris scan. However, the project does not store users’ data but rather generates a zero-knowledge proof to validate human authenticity, without disclosing the data used to produce it.
Users without a World ID can still use the app, but they cannot take advantage of feeless transactions. Account abstraction is used by the app to enable third-party gas payment.
The app is partnered with regulated crypto exchanges, including Moonpay and Ramp, to enable onboarding and offboarding within the wallet. Once coins are stored in the wallet, Uniswap integration allows users to exchange them. Furthermore, users can connect their phone numbers to the app to transmit and receive crypto via phone contacts.
Tiago Sada, a member of Worldcoin Core, stated in a conversation with Cointelegraph that the wallet was developed to provide a simple option for novice crypto users, “We’re launching [World App] as a product so that there is this alternative wallet that is focused just on simplicity.”
Worldcoin was founded by Sam Altman, who also co-founded ChatGPT developer OpenAI.