Worldcoin launches new grant program, accepting grant applications 24/7 throughout the year

The Worldcoin Foundation is implementing a new grant program, which is different from the previous batched application system. In order to provide more funding opportunities for global innovators, this new program aims to simplify the process and allow applicants to "submit proposals at any time" without having to wait for specific grant application periods.

Major Project Changes

• 24/7 Application: Previously, applications were made in waves, but now it has shifted to a dynamic and perpetual application system, meaning you can submit proposals at any time without waiting for specific grant application periods.
• Real-time Review: The foundation will continuously review submitted proposals to expedite response times and provide more flexible suggestions and support.
• Updated Proposal Demand List: The foundation has reorganized the Request for Proposals (RFP) based on the latest technology needs and future development in the Worldcoin technology stack.
• New Categories: Introducing new categories specifically tailored to areas of interest within the Worldcoin community.

Key Focus Areas

The updated proposal demand list continues to emphasize key development areas for Worldcoin, including:

• World ID Applications: Showcasing the potential of secure and privacy-preserving identity verification in various scenarios through innovative World ID applications.
• Digital Identity Solutions: Advancing decentralized identity verification technology, exploring new verification methods, and emphasizing user-centric personal data management.
• Growth Initiatives: Expanding the Worldcoin user base, optimizing onboarding processes for new users, and creating more educational resources to enhance public understanding and adoption of Worldcoin.
• Governance Innovations: Proposing ideas that contribute to decentralization and strengthen community decision-making processes for Worldcoin, or exploring new governance models utilizing World ID.
• Enhancing Developer Experience and Tools: Focusing on optimizing tools such as SDKs, APIs, improving documentation quality, or development frameworks to make it easier for developers to integrate and utilize Worldcoin technology.

What is Worldcoin

Founded by OpenAI's Sam Altman in 2020, Worldcoin aims to create a global financial inclusive open-source protocol that combines digital currency with iris scanning for identity verification, enabling everyone to participate in the digital economy, especially those lacking financial resources or easy access to banking services.

Key features include:

1. Digital Identity Verification World ID: Worldcoin establishes a digital identity for each individual through iris scanning, ensuring one person receives resource allocation only once.

2. Free Distribution of Digital Currency: Individuals verified by World ID can regularly receive Worldcoin tokens for free. This initiative aims to help more people enter the world of cryptocurrency and promote digital financial inclusion.

3. Decentralization: Worldcoin is a decentralized project built on blockchain technology, meaning it is not controlled by a single institution or government, thereby enhancing transparency and security.