The post Worldcoin Foundation Unveils Wave1 Grantees appeared on BitcoinEthereumNews.com.

In a new development, Worldcoin has revealed the beneficiaries of its Wave 1 Community Grants.  These grants are designed to empower innovators and accelerate the development of the Worldcoin ecosystem. Following the success of the initial Wave 0, which took place late last year with a headstart of $5 million in funding across three grant tracks, Wave 1 grants have been awarded to 17 projects in many areas, including novel governance mechanisms, Secure Multi-party Computation (SMPC), and improved developer experiences. The aforementioned projects are expected to improve the Worldcoin ecosystem. It is worth noting that  Wave 0 gave grants to projects focused on looking into research and development efforts, such as the Intersection of privacy and biometrics. Narrowing down on the Worldcoin Tech Tree, it’s easier to say that it’s a technological roadmap for achieving Worldcoin’s goals.  Wave 1 targets various sections of this road map, spreading its wings of innovation across the board.  Wave One Grantees Axiom: This recipient is tackling infrastructure challenges. Axiom’s project focuses on building a universal verifier circuit to streamline WorldID-proof verification, aiming to reduce costs associated with Worldcoin’s on-chain infrastructure. Farcaster Humanizer: This beneficiary tackles the issue of bot-infested online spaces by providing an identity verification layer for Farcaster applications, ensuring users interact with real people. Fuzzing Labs: This project focuses on enhancing the security of biometric data through improved OP-TEE security protocols. Only Dust: Acting as a bridge between developers and active Worldcoin projects, Only Dust facilitates their integration with WorldID. In support of a strong developer base, Wave 1 has included projects dedicated to attracting and educating new developers. Encode Club has taken a different route with a similar target of fostering a new generation of developers within the ecosystem. This has been made possible through an 8-week training series featuring live workshops…

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Filed under: News - @ July 6, 2024 3:12 am