Worldcoin.org - World.org
- ChatGPT
- Jul 22
- 2 min read
Updated: Jul 24
World Foundation is a Cayman Islands entity.
This foundation is described as the initial steward of the Worldcoin protocol.
It has a subsidiary in the British Virgin Islands for token issuance.
The terms of service for Worldcoin state that they form a binding contract between the user and World Foundation, among other entities.
Important to note:
Tools for Humanity, the developer of the Orb and World App, is based in San Francisco, California.
Worldcoin has also been investigated by data protection authorities in various locations due to concerns about its data collection practices.
Yes, Worldcoin has legal entities and registration paperwork associated with the Cayman Islands.
Here's a breakdown:
World Foundation, a Cayman Islands exempted limited-guarantee foundation company, is one of the entities involved with the Worldcoin project.
The World Foundation serves as the non-profit steward of the World Network and holds and protects key assets related to the network.
Worldcoin states that this structure, which includes a subsidiary for token issuance in the British Virgin Islands, allows for legal personhood, limited liability, regulatory alignment, and a community governance model.
The address listed for the Data Controller of Protocol Data and Orb Data is located in George Town, Grand Cayman, Cayman Islands.
In essence, while the Worldcoin project is globally distributed with operations in various locations, its legal structure includes entities established in the Cayman Islands for specific purposes, such as stewarding the network and managing assets.
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World (blockchain)
Based on the provided information, it appears that World Foundation, a Cayman Islands exempted limited-guarantee foundation company, is involved in issuing some of Worldcoin's paperwork.
Worldcoin is a cryptocurrency project founded in 2019 by Sam Altman, Max Novendstern, and Alex Blania, which uses iris biometrics for unique identification. Its goal is to provide a reliable way to authenticate humans online and create a global economy through its World ID and WLD tokens. Wikipedia TechTarget
Overview of Worldcoin
Worldcoin, now known as World Network, is a cryptocurrency project founded in 2019 by Sam Altman, Max Novendstern, and Alex Blania. It aims to create a global digital identity and financial network that is privacy-preserving and accessible to everyone. The project has raised over $250 million in funding from various venture capital firms.
Key Features
World ID
Purpose: Provides a reliable way to authenticate humans online.
Technology: Uses iris biometrics through orb-shaped scanners.
Privacy: Employs zero-knowledge proofs to maintain user privacy.
WLD Token
Function: Serves as both an incentive and governance tool within the network.
Current Price: Approximately £0.80 per WLD.
Market Cap: About £1.38 billion.
Circulating Supply: Approximately 1.7 billion WLD tokens.
Recent Developments
Launch: Worldcoin officially launched on July 24, 2023, with plans for expansion in various countries.
U.S. Operations: Began in May 2025, with locations in major cities like Atlanta and Los Angeles.
Partnerships: Announced a debit card project with Visa.
Accessibility
Worldcoin is available for trading on several cryptocurrency exchanges, but eligibility for WLD tokens may be restricted based on geography and other factors. Users can access the network through the World App, which allows for the storage of World ID and digital assets.
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