Worldcoin: everyting you need to know about WLD
Axel has been immersing himself in the world of crypto and blockchain for quite some time, which he then translates into understandable articles.
Worldcoin facts
Abbreviation
WLD
Category
Privacy, Zero Knowledge Proofs, Identity
Founder(s)
Sam Altman, Max Novendstern, Alex Blania
Blockchain
Ethereum
Protocol
Layer 2 on Ethereum.
Launch date
July 2023
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What is Worldcoin?
Worldcoin is an iris biometric crypto project, developed by Tools for Humanity and founded in 2019 by Sam Altman, Max Novendstern, and Alex Blania. It aims to provide a reliable way to verify people online and is backed by VC Andreessen Horowitz.
How does Worldcoin work?
Worldcoin uses a unique method to determine "personhood" through an eye scan. This helps to prove that someone is a person and not a robot. The coin utilizes an Ethereum-based Layer 2 cryptocurrency that leverages the security of the Ethereum blockchain.
The WLD token
Worldcoin introduces a unique economic model with its WLD token. With a maximum supply of 10 billion WLD tokens, the design is focused on a broad and fair distribution of the tokens. Of this supply, 75% is specifically allocated to the Worldcoin community, emphasizing inclusivity and user engagement. This means that a significant portion of the tokens is directly available to individuals around the world, contributing to Worldcoin's goal of promoting a more united and equitable global economy. The remaining tokens are divided among developers, investors, and other key stakeholders, each segment having a specific role and responsibility within the ecosystem.
The technology behind WLD.
Worldcoin distinguishes itself through its technological infrastructure. The WLD token operates on Ethereum's Mainnet but utilizes the Optimism "Layer 2" network. This dual-chain mechanism provides a balance between the robust security of Ethereum and the higher speed and lower transaction costs of the Optimism network. By utilizing this layered approach, Worldcoin can operate more efficiently while maintaining the strong security features of Ethereum. This is particularly important given the sensitive nature of the biometric data processed by the project.
The Worldcoin ecosystem.
World ID: This component is at the core of the Worldcoin ecosystem and is a groundbreaking privacy-preserving global identity network. World ID enables users to prove their unique humanity online, which is essential in an era where digital identities and online security are central.
World App: This app is the primary interface for users to interact with the Worldcoin network. It is the first wallet app that supports the creation of a World ID, allowing users easy access to the ecosystem and the ability to manage their digital identity.
Orb: The Orb is an innovative, physical imaging device used to scan a user's unique iris, essential for verifying World IDs. This technology plays a crucial role in distinguishing real human users from bots or false identities.
€1.84▲0.98%
Benefits of Worldcoin
- Innovation in Identity Verification: Worldcoin introduces an advanced approach to identity verification using biometrics, specifically iris scans. This provides a high level of accuracy and security.
- Fairer Distribution of Currency: By allocating a large portion of the tokens to the community, Worldcoin aims to achieve a more equal distribution of digital currency. This can contribute to economic inclusivity and global financial participation.
Disadvantages of Memecoin
- Privacy and Security Concerns: The reliance on biometric data, especially iris scans, raises important questions about privacy and data security. The way that this sensitive information is collected, stored, and used, is a major focus of attention.
- Criticism of Target Audience Approach: There has been criticism of Worldcoin for targeting lower-income communities to collect data. This practice has raised concerns about the ethical aspects of collecting biometric data from vulnerable groups.
Who is the founder of Memecoin?
Sam Altman, the most well-known co-founder, is a prominent figure in the world of technology. He is also the co-founder and current CEO of OpenAI and former president of Y Combinator. His involvement with Worldcoin highlights the project's ambition to be a major player in the world of cryptocurrency and technology. Together with co-founders Alex Blania and Max Novendstern, who left the project in July 2021, Altman has positioned Worldcoin as a forward-thinking and potentially influential initiative. The project has received significant investments from some of the most prominent venture capital companies, indicating the confidence and expectations of the financial community in the success and impact of Worldcoin.
Expectations for the near future
Experts expect a minimum price of €5.91 in 2026 and a minimum price of €19.55 in 2031.
Worldcoin price in the last 24 hours
View all key statistics of the past 24 hours here.
€1.84
€1.86
€1.62
Market information
Use these figures to get a better picture of the Worldcoin market.
€527.4 million
€1.1 billion
614.4 million
€10.73
Worldcoin Return On Investment
See how much the price has risen or fallen over the years.
Historical Worldcoin price
Here you can see Worldcoin's daily prices, trading volume and market cap. Looking for a specific date? You can fill in the range all you want. Maybe you'll spot the one trend!
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Frequently asked questions
Worldcoin doesn't have a fixed value because the exchange rate is always in motion. Whenever you get distracted or even blink, it has already changed. Right now, the value of Worldcoin is €1.84.
You can easily buy Worldcoin on BLOX! Quickly download the app, and within two minutes, you'll have your own crypto portfolio with Worldcoin and your other favorite coins.
So much is happening in the crypto market that it's sometimes difficult to stay continuously informed. That's why we've already taken a look at the expectations for you. According to experts, the value of WLD is expected to continue rising steadily in the coming years. For instance, the price of Worldcoin is predicted to reach €5.19.
We don't have a crystal ball either, so it's up to you to decide whether you want to invest in WLD. We can only recommend once again that you thoroughly research the market and only invest what you're willing to lose.
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