According to people familiar with the matter, the Cyber Fund, led by Lido co-founders Konstantin Lomashuk and Vasiliy Shapovalov, is preparing a blockchain identity verification platform code-named "Y" to compete directly with Sam Altman's World Network. Unlike World Network, which uses iris scanning for authentication, Project Y will verify users' identities based on their social media and blockchain activity data, combined with the Ethereum Attestation Service. The solution is designed to address the risk of biometric data breaches and minimize the possibility of fraud.