During a recent event focused on the World network and its biometric-scanning Orb, the primary discussion revolved around blockchain services, digital asset management, and virtual communication tools rather than crypto tokens. CEO Sam Altman and co-founder Alex Blania highlighted these aspects instead of focusing on cryptocurrency.
Blania expressed aspirations for World to eventually establish the “largest finance network” globally. In a separate interview, Blania shared that regular meetings at Altman’s residence drew inspiration from the rise of PayPal. They aimed to emulate the impact Peter Thiel and Max Levchin had on digital payments, inspiring the World team to envision a similar network for tokens on distributed systems.
Currently, the World app is accessible to everyone for free, including the iris scanning feature. Tools for Humanity, the venture behind World, is focused on scaling and expanding its modern identity verification market. Though tools are free at present, the company may eventually generate revenue through processing fees, according to Blania.
Due to unclear regulatory conditions within the United States regarding cryptocurrency, Tools for Humanity’s growth plans are primarily targeting international markets. In the U.S., while the Orb and its app can scan and store iris data, they do not generate crypto tokens.
The Worldcoin project was scrutinized over two years ago for alleged deceptive practices during its iris scanning recruitment. Blania explained that these issues were a result of the project being in its early startup phase. Efforts are being made to enhance the consent process, including establishing operational teams in each market, and providing explanations within the World app.
Blania assured that no data is stored centrally. In 2023, the service attracted governmental investigations in Germany, Brazil, India, South Korea, and Kenya over biometric data concerns. Kenya halted Worldcoin enrollment, South Korea issued fines, and Worldcoin voluntarily suspended operations in India, Brazil, and France. However, Blania is hopeful for a relaunch in Kenya soon.
Addressing questions about potential prioritization of Latin America for expansion, particularly through partnerships like the one with Rappi, Blania clarified that World is also focusing on regions in Asia. Argentina has shown rapid growth, but resources and natural sequencing have influenced the expansion strategy.
Blania reiterated the project’s global vision, underscoring its ambition across multiple markets. Following the keynote speech, Altman briefly appeared in the press room, acknowledging the attendees before departing in a manner reminiscent of a head of state.
