About Worldcoin (WLD)
Worldcoin is a digital identity and financial network aiming to be owned by everyone. It offers a privacy-preserving digital identity called World ID and a digital currency (WLD) that is received for simply being a human. The project's goals include increasing economic opportunity, distinguishing humans from AI online while preserving privacy, enabling global democratic processes, and potentially exploring a path to AI-funded Universal Basic Income (UBI). To get involved, users can download the World App, reserve their share, and visit an Orb, a biometric verification device, to obtain a World ID. The project seeks global-scale alignment and invites people to join the journey of sharing technological prosperity.
The Worldcoin project, founded by OpenAI's Sam Altman, shows promising progress in integrating AI and cryptocurrency. It represents a notable step towards exploring the potential synergy between the two technologies.
What Is the Worldcoin Orb?
The Worldcoin project introduces a unique method for identity verification through a biometric device called the 'Orb.' Users can book appointments at nearby 'Orbs' to generate their Worldcoin IDs. The Worldcoin Orbs serve the purpose of collecting biometric data required for creating digital IDs.Ā
The company, Tools for Humanity, reports scanning and registering over two million people using the Orb, with plans to expand its availability to more locations globally in the upcoming months. Currently, 'Orbs' are accessible in major cities like Tokyo, Berlin, Seoul, London, and New York City.
WLD TokensĀ
The WLD tokens are at the core of the Worldcoin ecosystem, functioning as governance tokens, and the community will determine their utility. They serve as incentives for user participation, with verified users initially receiving 25 WLD tokens and the potential for future grants. The World App, running on the Polygon ($MATIC) network, is the project's own wallet for storing digital IDs and cryptocurrencies.Ā
The ERC-20 token, WLD, launched on July 24, 2023, saw a significant surge in value after being listed on prominent cryptocurrency exchanges, including Binance. The current price of WLD is updated and available in real-time on Binance.