Worldcoin to have its own Layer 2 blockchain called World Chain

Sam Altman's Tools for Humanity, the chief developer behind the Worldcoin project, announced it will release its own Layer 2 blockchain to improve efficiencies as it onboards new users.

Altman, CEO of the high-profile artificial intelligence company OpenAI, is also co-founder of Tools for Humanity. The Worldcoin project is dedicated to assigning people World IDs after they prove they are human with an iris scan. People who sign up are given cryptocurrency in the form of WLD tokens.

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