Sam Altman’s Tools for Humanity launched its « World ID for Banking and Finance » suite on October 18, partnering with VanEck, Pantera Capital, and Bain Capital to counter deepfakes via a Zoom integration. The project faces sharp criticism after Kenya’s High Court ordered the permanent deletion of biometric data from over 350,000 citizens, ruling that operations violated the Data Protection Act, with Chile’s Supreme Court issuing a similar ruling. The WLD token experienced significant volatility, dropping from $0.547 on October 17 to $0.478 the following day, with a maximum supply of 10 billion tokens and approximately 1.02 billion WLD worth around $500 million expected to be released over the next 12 months. Public market vehicles like Eightco Holdings (NASDAQ: ORBS), backed by institutional investors, have accumulated significant WLD treasuries, while distribution partners like MrBeast are used to onboard millions of individuals into the network. Critics argue that Wall Street is effectively laundering an ecosystem built on data extraction from the Global South, legitimizing a system that commodifies exploited biometrics to drive liquidity upward for major financial backers.
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