Get All Access for $5/mo

Sam Altman's Crypto Project Enters the Blockchain Market With 'World Chain' World Chain, a layer-2 network on Ethereum, is slated to be launched later this summer. The blockchain will help accelerate the adoption of World ID

By Paromita Gupta

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Wiki Media Commons

After artificial intelligence and cryptocurrency, Sam Altman and Co. are now eyeing the blockchain market with World Coin. According to Worldcoin, "It will be permissionless, open source, and intended to ultimately be independently governed by the community."

World Chain, a layer-2 network on Ethereum, is slated to be launched later this summer. The blockchain will help accelerate the adoption of World ID, "World Chain is designed first and foremost to significantly increase capacity so new people can continue to join at scale, and existing users can enjoy faster, cheaper, and more reliable transactions," read the official blog.

The blockchain network will be integrated with the Worldcoin protocol and be open for all. However, the existing World ID holders will get priority blockspace over bots and a gas allowance for casual transactions.

Worldcoin's user transactions currently represent about 44 per cent of OP Mainnet's (formerly called Optimism) activity, making it the largest application on the network, "Given the scale and growth rate of the community, it's time to graduate to a dedicated network."

The parent platform has onboarded an impressive 10 million+ users across 160 countries since inception nine months ago. As of today, 5,010,140 people have verified their World ID using the patent Orb.

Notably, Worldcoin has been banned in a several major countries with Germany being the only market where the project is currently able to collect biometrics.

Paromita Gupta

Entrepreneur Staff

Features Writer with Entrepreneur India

Covering news and trends in AI and Metaverse segments. An avid book reader running her personal blog on the side. You may reach me at paromita@entrepreneurindia.com. 
Science & Technology

Use This Framework to Successfully Integrate AI Into Your Business Operations

Here's how to ensure both innovation and compliance when using AI in your organization.

Growing a Business

5 Effective Strategies to Boost Your Business's Online Presence

Boosting your online presence in 2025 is the key to success for businesses looking to grow. Working on your branding and reputation management is important to drive more sales and improve conversion.

Growing a Business

Why Business Owners Should Streamline Their Operations Now for Success in 2025

As the holiday season and year-end approach, business owners face heightened operational demands, from inventory management to spend control. By streamlining these processes and partnering with flexible suppliers, businesses can maintain efficiency, meet customer needs and focus on growth while navigating this busy period.

Business News

Apple Is Adding ChatGPT to iPhones This Week. Here's How It Works.

ChatGPT will take over questions that Siri can't answer.

Marketing

He Pitched His First Business at 12 and Sold a Company for 8 Figures When He Was 23. Here's This Gen Z Marketing Expert's Next Big Move.

Griffin Haddrill built a marketing empire working with artists like Justin Bieber and Lil Nas X. Learn how he tapped into Gen Z's digital culture and turned viral campaigns into a business model.