About

The aim of World Foundation is both philosophical and political: to realize more inclusive, fair and just institutions of governance and of the global digital economy, including by helping achieve certain targets of U.N. Sustainable Development Goal 16 (namely, 16.4, 16.5, 16.6, 16.7, and 16.9). To that end, the Foundation serves as the steward of World, supporting and growing the network until it becomes fully self-sufficient.

World Foundation is an exempted limited guarantee foundation company incorporated in the Cayman Islands. To learn more about this type of entity, check out this Guide to the Cayman Islands Foundation Company from the Foundation’s outside counsel at the law firm, Ogier.

Today, World Foundation is “memberless”; it has no owners or shareholders. It is governed by a Board with four Directors, Chris “W” Waclawek, Phillip Sippl, Weinberger Ventures GmbH (acting through its sole director, Pascal Weinberger) and a Cayman Islands based professional director.

The Foundation’s founding documents specifically contemplate DAO-driven governance. The documents make it possible, through a prescribed process, for the [DAO] / [Worldcoin community] to make recommendations to the Foundation’s Board of Directors. The Board is then bound to “observe, implement, carry out, action and execute with best efforts any and all DAO Recommendations,” subject to directors’ fiduciary duties and legal requirements.

Here you can review the Foundation’s key documents:

• Worldcoin Foundation Memorandum of Association;
• Worldcoin Foundation Articles of Association; and
• Worldcoin Foundation Certificate of Incorporation.

World Assets Limited is a business company incorporated in the British Virgin Islands. World Foundation is the sole member and sole director of World Assets Ltd.

World Assets Ltd. is the entity responsible for distributing the 75% of all Worldcoin tokens (WLD) that have been allocated to the World Network community. As such, it is solely responsible for the content of the World documentation located at whitepaper.worldcoin.org. The content there has not been reviewed or approved by any competent authority in the BVI, the EU, or elsewhere.

The Foundation’s founding documents specifically contemplate DAO-driven governance. The documents make it possible, through a prescribed process, for the DAO to make recommendations to the Foundation’s Board of Directors. The Board is then bound to “observe, implement, carry out, action and execute with best efforts any and all DAO Recommendations,” subject to directors’ fiduciary duties and legal requirements.