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Fortune
Fortune
Leo Schwartz

The Sam Altman-backed crypto project Worldcoin announces plans for decentralization as it expands its eye-scanning ambitions

(Credit: Joel Saget—Getty Images)

The Sam Altman-backed Worldcoin announced a development roadmap on Wednesday, including a $5 million grants program to support developers in its eye-scanning ecosystem, as well as an outline of its plans to decentralize—a steep challenge for the ambitious and capital-intensive project.

Decentralization is a core promise of crypto. Rather than traditional finance, where money and transactions are controlled by governments or intermediaries like banks, crypto acolytes promise a future where systems instead are governed by code.

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