Sam Altman and Worldcoin’s Impact on Web3

SAMA
2 min readJul 27, 2023

Both Sam Altman and Worldcoin have had significant impacts on the development and shaping of the Web3 ecosystem, albeit in different fields and aspects.

Sam Altman’s Impact:

Sam Altman is a renowned entrepreneur and investor, known for his role as the former president of Y Combinator, one of the world’s most prominent startup accelerators. His influence on Web3 can be observed in the following areas:

  1. Investing in and Incubating Web3 Projects: As the former president of Y Combinator, Sam Altman actively invested in and incubated numerous innovative Web3 projects. By providing funding, mentorship, and resources, he has aided many Web3 startups in achieving success in the market.

2. Promoting Web3 Technology Advancements: Sam Altman has consistently shown interest in and support for the development of Web3 technology. Through active promotion of Web3 concepts on social media and at industry events, he has generated increased attention and research in this field.

3. Advocating for Decentralization and Openness: At the core of Web3 lies the principles of decentralization and openness. Sam Altman has been a strong advocate for entrepreneurs and businesses to adopt these principles when building Web3 projects, to enhance user trust and attract greater participation.

4. Driving Blockchain Technology Applications: As an early supporter of blockchain technology, Sam Altman actively promotes the application of blockchain. He believes that blockchain has the potential to reshape existing industries and business models, and has played a role in fostering various projects involving blockchain.

Worldcoin’s Impact on Web3:

Worldcoin is a novel cryptocurrency that aims to provide a basic income to every adult globally. Its impact on Web3 can be observed in the following aspects:

  1. Global Financial Inclusion: Worldcoin’s distribution model is designed to provide universal basic income to every adult worldwide. This has the potential to narrow the wealth gap and improve global financial inclusivity, aligning with Web3’s principles of decentralization and openness.

2. Driving Digital Economic Development: By providing a basic income to adults globally, Worldcoin has the potential to increase participation in the digital economy. This will drive the development and innovation of the digital economy, further expanding the Web3 ecosystem.

3. Application of Iris Scanning Technology: Worldcoin adopts iris scanning as a means of identity authentication, which also promotes the application and development of iris scanning technology. In Web3, secure and trustworthy identity authentication is crucial, and iris scanning, as a biometric authentication technology, offers higher levels of security and accuracy.

In conclusion, Sam Altman, as an experienced entrepreneur and investor, has influenced Web3 through investment, promoting technological advancements, and advocating decentralization. Worldcoin, on the other hand, as a novel cryptocurrency, drives Web3’s development and adoption through global financial inclusion and the application of iris scanning technology. These impacts are expected to bring more opportunities and innovations to the Web3 ecosystem.

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