Worldcoin Gives $2M to Grant Winners on Five Continents

• Worldcoin gives grants to 28 projects boosting the ecosystem.
• Projects span all five continents. 
• Worldcoin gave away 800,000 WLD in the latest grants. 

The open-source ethos in blockchain development benefits greatly from global contributions facilitated by grants. Recognizing this, the Worldcoin Foundation has unveiled the Wave0 Community Grants recipients, a worldwide network contributing to Worldcoin.  

These grants are critical for the growth and diversification of the Worldcoin ecosystem. Developers worldwide have contributed to the eye-scanning project that claims to enable the world’s universal basic income.  

Worldcoin’s Wave0 Grants to Boost Global Innovation

Worldcoin, co-founded by Sam Altman, aims to redefine global digital identity through its innovative blockchain technology. With the Wave0 Community Grants launch, Worldcoin has taken a significant leap forward in realizing its vision.

The Wave0 Community Grants initiative by the Worldcoin Foundation has unveiled the winners of its first year. On Monday, February 12, the Foundation revealed the projects which got 800,000 WLD in total, currently worth $2 million. 

The grants have been awarded to an impressive roster of 28 projects, highlighting its global outreach. These projects span various focuses, from technical enhancements to practical applications in Worldcoin’s ecosystem.

Which Projects Won Worldcoin’s Grant Money? 

The Wave0 Grants have been awarded to 28 projects across five continents, highlighting Worldcoin’s commitment to global innovation. These projects tackle various challenges in the blockchain space, including:

• Nethermind’s Gas Limit Research: Aiming to optimize gas limits and execution times on Ethereum Virtual Machine (EVM) chains, this project addresses a critical challenge in blockchain scalability and efficiency.
• Wonderland’s ReputationID: This project seeks to develop a Proof of Concept for improving on-chain governance mechanisms, introducing innovative anti-Sybil measures that enhance security and trust within blockchain networks.
• Chain Partners’ Infrastructure Development: Focused on upgrading orb technology, this initiative looks toward the future of blockchain infrastructure, ensuring the Worldcoin ecosystem remains adaptable and scalable.

The grant winners span all five continents and come from countries including Belgium, Canada, the Czech Republic, South Africa, South Korea, Turkey, and Uruguay. 

On the Flipside

• Worldcoin’s innovative approach to creating a universal digital identity system through iris scanning technology has faced criticism from privacy campaigners and ethical watchdogs. 
• Worldcoin’s orbs have also faced criticism due to potential health hazards. 

Why This Matters

These grants foster a rich blockchain development ecosystem by funding diverse projects worldwide, driving technological progress.

Read more about Worldcoin: 
Is Worldcoin Legit? Unpacking the ChatGPT Founder’s New Crypto Project

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