Worldcoin PriceWLD

To use the Worldcoin method, you must first download World software. It is the first wallet program that works with World IDs. At an orb image machine, people check their World ID orb. Most orbs are run by small businesses in the area, which are called orb operators. If there isn't clear permission to access the data, the Orb deletes all photos automatically after using multispectral cameras to make sure they are of a person.

People with a confirmed Orb World ID may be able to get free WLD tokens (but not in the US; read the project whitepaper for more details). Many people may start using WLD as their main form of digital money.

The WLD token gives people power by letting them change the system. It is a utility token with control features. World ID goes beyond "one token, one vote" systems to allow "one person, one vote" systems of governance. Putting these two approaches together opens up new ways of running the government.

After the initial phase, the Worldcoin Foundation will ask the community for suggestions on how World ID and the WLD token should work together under Worldcoin's governance model (check out the whitepaper on governance and decentralization).

The WLD coin can be used to pay for things in the World App or another banking app, or to support certain projects or causes.

WLD is an ERC-20 coin for Ethereum. Those who use the Optimism Mainnet will get funds. So, it looks like the Optimism network will be in charge of most WLD deals.

Who Are the Founders of Worldcoin?

Worldcoin was established by Sam Altman, Alex Blania, and Max Novendstern. Max left in July 2021. Sam Altman is the most well-known co-founder. He is also the CEO of OpenAI Y Combinator’s former president. 

Investors such as a16z, Khosla Ventures, Bain Capital Crypto, Blockchain Capital, and Tiger Global have given Worldcoin about $250 million USD.

What Makes Worldcoin Unique?

Worldcoin wants a billion people to accept the biggest identification and payment network in the world. In contrast to other crypto projects, most WLD tokens will be given to people just for being humans.

World ID lets people prove to Web3 systems, social media sites, and government programs that they are real, unique people. This will make fair token and NFT sales possible, protect against Sybil attacks, and make better use of limited government funds.

During the pre-launch phase, almost two million people from 30 countries signed up for an Orb. 

How is the Worldcoin Protocol Secured?

There is a WLD coin contract on the Ethereum mainnet that is linked to the Optimism "layer 2" network. It takes over the protection of these two blockchains.