Worldcoin launches grant program, outlines decentralization plans

Worldcoin WLD +1.65% , the crypto project co-created by OpenAI CEO Sam Altman, today launched a new grants program for developers while outlining plans to decentralize the network. Worldcoin Foundation, a non-profit that aims to steer the network’s future development, unveiled a grants program, a “Worldcoin Tech Tree” and a whitepaper on decentralization. “To become part of the global digital infrastructure Worldcoin must be as robust. The news comes just a few weeks after Altman was ousted from his role at ChatGPT-creator OpenAI before being reinstated. OpenAI’s status as a non-profit was reportedly a key sticking point in the dispute. Worldcoin’s CEO Alex Blania said in an interview with The Block that the timing of the foundation’s announcement today was purely coincidental. In its blog posts, Worldcoin said it hopes to achieve “distributed robustness” — in the way that TCP/IP, WiFi or the English language have. Three areas it will focus on for achieving that are the decentralization of orb production, meaning independent teams will begin manufacturing them; new forms of distributed governance; and balancing its emphasis on robustness with the need for privacy. Source