WorldCoin has a large investment of $240M, including from funds such as a16z, which automatically makes it a Tier1 project. But what is even more important is its fundamental, which unlike most crypto projects, is already finding real practical application, and on a global scale.
What is WorldCoin?
WorldCoin is a tool that allows you to pass identification without sacrificing anonymity. To be more precise, it allows you to confirm your unique identity, for example, in online Web2/Web3 resources, without providing personal data, such as name, e-mail, or in principle – documents.
The highest priority for WorldCoin was to do everything possible to make sure that a real person is behind the verification. After all, if it is possible to cheating, serious campaigns will not use their technology to verify their users. For this purpose, WLD has developed a special mobile iris scanner called Orb, which as a result of scanning generates a unique code – World ID, the application of which will be based on zero-disclosure proof.
But one can only undergo such a scan by showing up at their center with an Orb, which is already available in ~15 countries (US, England, France, Germany, India, etc) and is rapidly emerging in new locations.
P.S. Retina scan is much more accurate than fingerprint or Face ID
The other day Worldcoin boasted that 2 million people have already registered and 40k new ones are added every day. Everyone who has registered gets 25 WLD, and +1 WLD every day.
Retrodrop?
With an expected issuance of 10 billion, it will be pennies, so even if in theory it would be possible to get Hindu registration – it’s not worth it. The other thing is that the project is expected to have an ambassadorship program. Right now they are looking for a new community manager to organize it. So you should already start doing something for the project, at least be active in their Discord.
Switching to Optimism
Earlier Worldcoin was running on Polygon, but since May started the transition to L2 Optimism, and just yesterday announced its completion. After Ethereum’s important Proto-Danksharding update, which should happen as early as this year, the World App will have the ability to conduct transactions on its blockchain while utilizing Ethereum’s security.
What is the WLD token for and when is the listing?
Like other Ethereum-based solutions, the token here serves more as a decorative element for DAO management and the like. And considering that the project just yesterday switched to Optimism, and DAOs are being created last, the token will not be available soon.
