Sam Altman’s rebranded blockchain project, World Network, uses unique iris scans for user identification. In response, Lido's co-founders plan to launch a competing platform named 'Y', which will avoid biometric methods and instead utilize users' digital footprints for verification. The internal document obtained by CoinDesk outlines Y's strategy to highlight World Network's privacy controversies and user recruitment issues. Y aims to build a valuable blockchain identity platform, addressing weaknesses of World by employing a 'social-graph-based' approach for user verification. While World Network has onboarded over 15 million users, Y intends to attract users by promoting an alternative that minimizes fraud risks linked to biometric data. The document suggests that Y will emphasize the importance of decentralized identity solutions, seizing on OpenAI's connection to World Network as they work to capture a significant share of the identity verification market.

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