On May 25, Worldcoin, an encryption project owned by OpenAI CEO, announced the completion of a $115 million Series C round of financing, led by Blockchain Capital, with participation from a16z, Bain Capital Crypto and Distributed Global.

The news adds color to the Web3 world that lacks new narratives, and reports and discussions about Worldcoin continue to be reported by media and social platforms at home and abroad.

The reason is that Worldcoin was initiated by Sam Altman, the "Father of ChatGPT", backed by a16z, Coinbase and other funders. Stronger endorsements.

Now, with new funding, Worldcoin is about to advance its business in the Web3 world. According to people familiar with the matter, Worldcoin is preparing to launch its mainnet in the next few weeks.

The progress at the cooperation level seems to confirm this news. On May 16th, Worldcoin and Dmail announced an in-depth cooperation to build a world-class digital citizen infrastructure. Dmail thus became the first infrastructure protocol and application in the Web3 field to cooperate deeply with WorldCoin.

According to public information, Dmail is an infrastructure protocol based on multi-chain notification and cross-chain communication. It has received investment from more than 20 VCs, has 80+ existing partners, and has nearly one million registered accounts on the chain.

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Bottom Worldcoin: Flowers and Mud

Compared with the famous ChatGPT, Worldcoin's vision is even worse.

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Legend: The three major components of Worldcoin

The popularity of Worldcoin is inseparable from the founder Sam Altman. The 19-year-old Stanford University dropout entrepreneur first founded Loopt and cashed out the first bucket of gold, and then joined YC as CEO, participated in the investment of Internet unicorns such as Airbnb, Stripe, Reddit, and jointly with Musk and others Founding OpenAI is regarded as the next technology leader to succeed Musk.

The support of top institutions and investors also gives Worldcoin a strong endorsement. In June 2021, Worldcoin announced the completion of $25 million in financing, with investors including a16z, Coinbase Ventures, LinkedIn founder Reid Hoffman, and Day One Ventures. In May of this year, Worldcoin completed a US$115 million Series C financing, led by Blockchain Capital, with participation from a16z, Bain Capital Crypto and Distributed Global.

However, given the small scale of encrypted users, Worldcoin's ambition was once questioned as a "moon landing plan", and its promotion in the global market also encountered setbacks.

First and foremost is privacy protection. Worldcoin's use of extremely sensitive collection of biometric information has drawn objections from privacy advocates such as Edward Snowden.

Second is the promotion issue. Due to the different encryption policies of various countries, Worldcoin can only cooperate with contractors in various places. Currently, there are 1.7 million registered users, which is far from the goal of 1 billion airdrops.

Under pressure, Worldcoin has suspended its promotion in many countries/regions, and the mainnet release date has been postponed accordingly.

Today, the explosion of ChatGPT has made the outside world re-examine this world-class project. Most people are willing to believe that Sam will lead Worldcoin to continue its glory, because the project is close to completing a new round of large-scale financing and is about to launch the mainnet, which is expected to give crypto The world brings a new round of grand narrative.

Of course, the more important reason is that Worldcoin realizes that it will take a long time to fight alone, and cooperation with more excellent projects will get twice the result with half the effort. For supporters, this is undoubtedly a reassurance.

Looking through the official tweets, we can see that the projects that Worldcoin has cooperated with include Optimism, Safe and Dmail.

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Hand in hand with Dmail: building a world-class digital citizen infrastructure

Among the cooperation list announced by WorldCoin, Dmail is the first infrastructure protocol and application in the Web3 field to cooperate deeply with Worldcoin, focusing on multi-chain notification and cross-chain communication.

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Legend: WorldCoin’s official push interacts frequently with Dmail

On the eve of the mainnet launch, Dmail and Worldcoin announced an in-depth cooperation to build a world-class digital citizen infrastructure. The reason is that Dmail has mature experience in multi-chain notification and cross-chain communication based on DID identification, which is the icing on the cake for Worldcoin's user expansion in the global market:

① Mutual support between communities: Dmail has 80+ existing partners and nearly one million registered accounts on the chain. These data are growing rapidly and are highly compatible with Worldcoin's vision and community culture;

②Value empowerment for the community: Dmail can empower Woldcoin users with more value from multi-chain notifications, cross-chain communication, and distributed storage.

According to official sources, the cooperation between the two parties at this stage is mainly concentrated in two parts: one is the technology and product level, Dmail supports Worldcoin users to realize Web2/Web3 encrypted information communication; the other is the market level, Dmail joins the Worldcoin ecological map, and collaborates on a global scale Conduct community development activities.

So, for users, what does the cooperation between the two parties mean?

First of all, Worldcoin users can directly access Dmail and Free Mint 8-11-digit NFT domain name mailboxes, and achieve cross-chain communication with zero threshold. In the future, they can also enter the exclusive DID identity system jointly created by the two parties, forming the only one among people, WorldID and Dmail accounts. binding relationship.

Secondly, Dmail has set up a point reward program, and users can get point rewards by registering World APP through Dmail and passing email verification.

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Future Prospects: Serving 4.4 Billion "Digital Citizens"

In addition to the existing cooperation, what sparks will Dmail and Worldcoin collide in the future?

According to the official announcement, Dmail and Worldcoin are further exploring in-depth cooperation to provide global users with decentralized cross-chain communication protocols, decentralized data storage, and multi-chain aggregation notification services to build a world-class digital citizen infrastructure.

Simply understand, if Dmail is embedded in Word App in the future, it will provide Worldcoin ecological projects and users with Web3 encrypted email and multi-chain aggregation notification services, which will further help Worldcoin expand its vision: not only to help 4.4 billion people around the world become "digital citizens", but also to discover and Satisfy their deep-seated needs in the Web3 world, and let users better understand all their on-chain data in the Web3 world.

Among the various services that Dmail will provide in the future, the author is most optimistic about Notify, which may bring great value to the prosperity of the Worldcoin ecosystem.

First of all, it can provide Worldcoin users with multi-chain & multi-wallet notification services to help users obtain information on the chain in real time, including but not limited to wallet login, wallet authorization, asset changes, etc.

To give a simple example, when the gas on the chain is low for a certain period of time, Dmail can send out intelligent reminders to facilitate users to complete batch transfers and interactions during this period of time, thereby reducing Gas consumption. , Dmail will also push risk reminders at the first time, which is convenient for timely stop loss or arbitrage.

At the same time, it helps dApps that can help the Worldcoin ecosystem deliver messages that users care about, and enhance interaction and conversion effects.

Taking DeFi products as an example, Dmail can help project parties reach users in terms of liquidation warnings, token updates, reward notifications, voting suggestions, security reminders, interest rate changes, contract authorization, market notifications, etc., to achieve accurate coverage and effective conversion .

From another perspective, centralized mailboxes (similar to Gmail and other services) are far from covering the global market. It is conservatively estimated that at least 3 billion people in the world do not have mailboxes. This makes people think of the replacement of bank cards by encrypted wallets. If we believe that encrypted wallets will gradually replace bank cards, then there is reason to believe that every wallet address is worth having a decentralized mailbox and storage space. Taken together, both Worldcoin and Dmail are infrastructures for building digital citizens for billions of users around the world.

In a nutshell, Dmail will become a bridge linking Worldcoin, ecological projects and users, providing them with convenient cross-chain communication, Notify and other services, and at the same time boosting the ecological prosperity of Worldcoin for more ecological projects.

Right now, Worldcoin has completed a new round of financing, and the launch of the mainnet is just around the corner. According to the current market enthusiasm, Worldcoin is expected to open a new grand narrative for the Web3 field after completing these two major actions.