In-depth Analysis: The Rise of the Worldcoin Empire and Its Alliance with Dmail

Source: Dmail

Worldcoin is finally coming.

On May 25, Worldcoin, a crypto project under OpenAI CEO Sam Altman, announced the completion of a $115 million Series C funding round, led by Blockchain Capital, with participation from a16z, Bain Capital Crypto, and Distributed Global.

This news ignited a fire in the Web3 world, which has been lacking new narratives, causing media and social platforms both domestically and internationally to continuously report and discuss Worldcoin.

The reason behind this excitement is that Worldcoin was initiated by Sam Altman, the "father of ChatGPT," backed by major investors like a16z and Coinbase, with a latest valuation of $3 billion. The explosion of ChatGPT has led to high expectations for Worldcoin, and the support from top institutions gives Worldcoin a strong capital to boast about.

Now, with new funding injected, the Worldcoin empire is well-resourced and ready to make significant strides in the Web3 world. According to insiders, Worldcoin is preparing to launch its mainnet in the coming weeks.

Progress on the collaboration front seems to confirm this news. On May 16, Worldcoin announced a deep partnership with Dmail to jointly build world-class digital citizen infrastructure, making Dmail the first infrastructure protocol and application in the Web3 space to collaborate deeply with Worldcoin.

Public information shows that Dmail is an infrastructure protocol based on multi-chain notifications and cross-chain communication, having received investments from over 20 VCs, with more than 80 existing partners and nearly a million on-chain registered accounts.

Is the alliance between Worldcoin and Dmail a coincidence or a necessity? This article attempts to explore the truth behind it based on a comprehensive study of the two projects for readers' reference.

Unveiling Worldcoin: Flowers and Mud

Compared to the well-known ChatGPT, Worldcoin's vision is equally ambitious.

According to a report by the McKinsey Global Institute, over 4.4 billion people worldwide lack legal identity or cannot verify their identity digitally. Worldcoin aims to build the largest and fairest digital identity and digital currency system globally, achieving identity verification through iris scanning, having scanned the eyes of millions of people so far.

Caption: The three main components of Worldcoin

Worldcoin's rise to fame is closely tied to its founder, Sam Altman. This entrepreneur dropped out of Stanford University at 19, first founding Loopt and cashing out his first pot of gold, then becoming CEO of Y Combinator, investing in internet unicorns like Airbnb, Stripe, and Reddit, and co-founding OpenAI with Elon Musk, being seen as the next tech leader to follow in Musk's footsteps.

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

However, given the already small scale of crypto users, Worldcoin's ambitions were once questioned as comparable to a "moon landing plan," and its global market promotion faced setbacks.

The first challenge is privacy protection. Worldcoin's collection of extremely sensitive biometric information has drawn opposition from privacy advocates like Edward Snowden.

Secondly, there is the promotion issue. Due to differing crypto policies in various countries, Worldcoin can only collaborate with local contractors, currently having 1.7 million registered users, far from its goal of 1 billion airdrops.

Under pressure, Worldcoin has paused promotions in several countries/regions, leading to delays in the mainnet launch date.

To this day, the explosive popularity of ChatGPT has led the outside world to reassess this world-class project, with most people willing to believe that Sam will lead Worldcoin to new heights, as the project is nearing the completion of a new round of large financing and is about to launch its mainnet, promising to bring a new grand narrative to the crypto world.

Of course, a more important reason is that Worldcoin realizes that going it alone is a long and difficult road, and collaborating with more excellent projects will yield greater results. For supporters, this is undoubtedly a reassurance.

From the official Twitter, it is known that Worldcoin has already partnered with projects including Optimism, Safe, and Dmail. Given Sam's keen eye for talent, the projects that make the list are certainly among the best.

Next, Worldcoin is likely to announce new partners. The addition of these partners will inject new growth points into the Worldcoin ecosystem and jointly safeguard the Worldcoin empire.

Partnering with Dmail: Co-building World-Class Digital Citizen Infrastructure

Among the cooperation list already announced by Worldcoin, Dmail is the first infrastructure protocol and application in the Web3 space to collaborate deeply with Worldcoin, focusing on multi-chain notifications and cross-chain communication.

The collaboration between the two began in April this year. At that time, Dmail received official certification from Worldcoin, becoming one of its first ecological infrastructure projects, planning to provide encrypted email, communication, AI marketing, and other services for Worldcoin's global users based on WorldID.

Caption: Frequent interactions between WorldCoin's official Twitter and Dmail

On the eve of the mainnet launch, Dmail and Worldcoin announced a deep collaboration to co-build world-class digital citizen infrastructure. The reason for this is that Dmail, based on DID identity recognition, already has mature experience in multi-chain notifications and cross-chain communication, which can significantly enhance Worldcoin's user expansion in the global market:

① Mutual support among communities: Dmail currently has over 80 partners and nearly a million on-chain registered accounts, and this data is rapidly growing, highly matching Worldcoin's vision and community culture;

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

According to official news, the current cooperation between the two mainly focuses on two aspects: first, the technical and product level, where Dmail supports Worldcoin users in achieving Web2/Web3 encrypted information communication; second, the market level, where Dmail joins the Worldcoin ecosystem to collaboratively carry out community development activities globally.

It can be inferred that the two parties have maintained close communication and collaboration over the past two months, and Worldcoin highly recognizes Dmail's vision and community.

So, what does this cooperation mean for users?

First, Worldcoin users can directly access Dmail and Free Mint 8-11 digit NFT domain email addresses, achieving cross-chain communication with zero barriers, and in the future, they can enter the exclusive DID identity system co-created by both parties, forming a unique binding relationship between individuals, WorldID, and Dmail accounts.

Second, Dmail has set up a points reward program, where users can earn points by registering for the World APP through Dmail and verifying their email.

Of course, with the joint promotion of both parties globally, users in regions not yet covered by Worldcoin may be able to complete registration without leaving their homes, becoming true "digital citizens."

Future Outlook: Serving 4.4 Billion "Digital Citizens"

In addition to existing collaborations, what other sparks will Dmail and Worldcoin ignite in the future?

According to official announcements, Dmail and Worldcoin are further exploring deep cooperation to provide decentralized cross-chain communication protocols, decentralized data storage, and multi-chain aggregated notification services for global users, co-building world-class digital citizen infrastructure.

Simply put, if Dmail integrates into the World App in the future, it will provide Web3 encrypted email and multi-chain aggregated notification services for Worldcoin ecosystem projects and users, further helping Worldcoin amplify its vision: not only to help 4.4 billion people worldwide become "digital citizens," but also to explore and meet their deeper needs in the Web3 world, allowing users to better understand all their on-chain data in the Web3 world.

Among the various services that Dmail will provide in the future, I am most optimistic about Notify, as this service could bring tremendous value to the prosperity of the Worldcoin ecosystem.

First, it can provide multi-chain & multi-wallet notification services for Worldcoin users, helping them to receive on-chain information in real-time, including but not limited to wallet logins, wallet authorizations, asset movements, etc.

For example, when gas fees are low on-chain for a certain period, Dmail can send smart reminders, allowing users to complete batch transfers and interactions during that time, thus reducing gas costs. When a stablecoin depegs, Dmail will also push risk alerts immediately, facilitating timely loss mitigation or arbitrage.

At the same time, it can help dApps in the Worldcoin ecosystem convey messages that users care about, enhancing interaction and conversion effects.

Taking DeFi products as an example, Dmail can help project parties reach users through liquidation warnings, token launches, reward notifications, voting suggestions, security alerts, interest rate changes, contract authorizations, market notifications, etc., achieving precise coverage and effective conversion.

From another perspective, centralized email services (like Gmail) have not yet covered the global market; conservatively estimating, at least 3 billion people worldwide lack email accounts. This inevitably brings to mind the potential of crypto wallets to replace bank cards. If we believe that crypto wallets will gradually replace bank cards, then it is reasonable to believe that every wallet address deserves to have a decentralized email and storage space. In summary, both Worldcoin and Dmail aim to build digital citizen infrastructure for billions of users worldwide.

In conclusion, Dmail will become a bridge linking Worldcoin, ecosystem projects, and users, providing convenient cross-chain communication, Notify, and other services, while also promoting the prosperity of the Worldcoin ecosystem by reaching more ecological projects.

Currently, Worldcoin has completed a new round of financing, and the mainnet launch is just around the corner. Based on the current market enthusiasm, it is expected that after completing these two major actions, Worldcoin will open a new grand narrative in the Web3 field, creating the largest wealth effect before the next Bitcoin halving.

In summary, the alliance between Worldcoin and Dmail is full of imaginative potential, and we look forward to both parties co-building world-class digital citizen infrastructure, ultimately benefiting all Worldcoin and Dmail users.