Word Coin: A Global Identity and Financial Network
Word Coin is a cryptocurrency project that aims to build a privacy-preserving global identity network called World ID, and to distribute its token (WLD) to every human on the planet. The project was founded in 2019 by Sam Altman, the CEO of OpenAI, and is backed by prominent investors such as Andreessen Horowitz ( Wikipedia ) The Past of Word Coin Word Coin was started by a company called Tools for Humanity (TFH), which was founded by Sam Altman, Max Novendstern and Alex Blania in 2019 The company stated that its token (WLD) is intended to be a larger effort to drive a more unified and equitable global economy driven by the internet economy, although it will not be available in the USA The token is a Layer 2 Ethereum-based cryptocurrency that leverages the security of the Ethereum blockchain while having its own economy The project raised an initial $25 million in October 2021, and an additional $100 million in six months, pushing the token’s value up to $3 billion. However, the proje