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Worldcoin to Partner With PayPal, OpenAI Ahead of Layer-2 Debut

1 min
Updated by Bary Rahma
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In Brief

  • Tools for Humanity is preparing to launch World Chain, a new Ethereum Layer-2 network focusing on human-centric engagement.
  • The company is discussing potential partnerships with PayPal and OpenAI, which could significantly extend its reach into finance and AI.
  • With over 10 million users and 75 million transactions, Worldcoin is quickly becoming a major player in blockchain innovation.
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Tools for Humanity, the innovator behind Sam Altman’s Worldcoin, is poised to redefine the blockchain industry with World Chain. Amidst this cutting-edge development, the company is also exploring potential partnerships with industry giants PayPal and OpenAI.

These initiatives signal Worldcoin’s bold expansion into the finance and artificial intelligence.

Worldcoin Expands Business Model

Alex Blania, CEO of Tools for Humanity, hinted at a strategic alignment with OpenAI. He noted that while specific details are yet to be finalized, the collaboration aligns naturally with their technological aspirations.

Meanwhile, discussions with PayPal are ongoing, though they have not yet resulted in a formal agreement.

“There’s some natural things in how we might and will work together, but it’s nothing that we’re ready to announce yet,” Blania said.

The anticipated partnerships come on the heels of Worldcoin’s newest innovation, the World Chain. This is an Ethereum Layer-2 network designed to prioritize human engagement over automated systems.

It offers verified individuals priority in block space and a gas allowance, making everyday transactions more accessible. Set for a summer debut, this network promises to enhance transaction efficiency and scale user engagement by leveraging World ID’s Proof-of-Personhood (PoP).

Read more: Where To Buy Worldcoin (WLD): 5 Best Platforms for 2024

As Worldcoin approaches the launch of World Chain, anticipation on how these partnerships will further shape the future of decentralized technology, identity verification, and financial transactions on a global scale mount.

With over 10 million users and 75 million transactions in less than a year, Worldcoin is rapidly setting a new standard for what blockchain technology.

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Bary Rahma
Bary Rahma is a senior journalist at BeInCrypto, where she covers a broad spectrum of topics including crypto exchange-traded funds (ETFs), artificial intelligence (AI), tokenization of real-world assets (RWA), and the altcoin market. Prior to this, she was a content writer for Binance, producing in-depth research reports on cryptocurrency trends, market analysis, decentralized finance (DeFi), digital asset regulations, blockchain, initial coin offerings (ICOs), and tokenomics. Bary also...
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