What is Worldcoin (WLD)?
Worldcoin is a rising star in the cryptocurrency world, making waves with its unique concept of the World ID. Functioning as a digital passport, the World ID verifies a personโs humanity while maintaining anonymity, protecting users from identity-based cyber threats. This ID is created through an in-person biometric screening which includes face and iris scans conducted at Worldcoinโs โOrbs.โ
These silver, soccer ball-sized spheres are scattered globally and available to users through appointments. Post their identity verification at an Orb; users can download the World App, create their World ID, and receive the WLD token โ a reward simply for being human.
Where Can You Buy Worldcoin?
Worldcoin is currently available on the cryptocurrency exchange, Binance.
You can also get Worldcoin by registering for a World ID, which is available by downloading the World App and scanning your face and iris at an Orb. Unfortunately, there are only a few Orbs available worldwide. You can check if an Orb is in your area by downloading the World App on your phoneโs app store.
The Cryptocurrency Market Response to Worldcoinโs Launch
The official launch of Worldcoin stirred up the cryptocurrency market. The price of WLD skyrocketed from $1.70 to a high of $3.58. Listed on Binance and several other exchanges, WLD recorded $145 million in trading before experiencing a 29.4% dip.
Currently, there are 11 Orb locations scattered across Los Angeles, New York, Miami, and San Francisco in the United States. Worldwide, Worldcoin aims to scale up Orb sites to 35 cities in 20 countries. Even before this expansion, Worldcoin boasts over 2 million users from its beta period.
The Pursuit of Economic Equality and UBI
Worldcoin founders perceive this project as a stride towards economic equity, fair distribution of funds, and, ultimately, Universal Basic Income (UBI). โWorldcoin is an attempt at global scale alignment, the journey will be challenging, and the outcome is uncertain,โ they stated in their project introduction letter.
Their ambitious goal is for Worldcoin to drastically increase economic opportunity, scale a reliable solution for distinguishing humans from AI online while preserving privacy, enable global democratic processes, and pave the way for AI-funded UBI, provided the project succeeds. Their concept โ democratizing cryptocurrency โ holds the potential to revolutionize the financial world and address income inequality, setting a promising stage for the future of global economics.
