According to Deep Tide TechFlow news on November 18, as reported by CoinDesk, sources revealed that DeFi giant Lido co-founder Konstantin Lomashuk and Vasiliy Shapovalov are preparing a blockchain identity verification platform codenamed 'Y', directly competing with Sam Altman's World Network.
Unlike the World Network, which uses iris scanning for identity verification, Project Y will verify user identities based on their social media and blockchain activity data, combined with the Ethereum Attestation Service. This solution aims to address the risk of biometric data leaks and minimize the possibility of fraud.