$LDO co-founders are reportedly developing a competitor to Sam Altman’s $WLD The new platform, named Y, will focus on digital identity but differentiate itself by avoiding biometric authentication—one of the more contentious aspects of Altman’s system. Instead, Y will base its identity verification on users’ online activities, presenting an alternative approach to creating secure, decentralized digital identities.

This project reflects ongoing debates about balancing privacy with authentication in decentralized systems, as many criticize biometric solutions like those used by Worldcoin for potential ethical and security concerns. Lido's approach suggests an effort to provide a less intrusive yet effective alternative for digital identity.

Y's vision of a Crypto SuperApp aims to rival WorldCoin by focusing on private, activity-based digital identity solutions. With AI-generated content posing challenges to traditional identity systems, Y emphasizes user-centric monetization while rejecting biometrics for verification.

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