Cryptocurrency firm Worldcoin, founded by the OpenAI CEO Sam Altman, has made its official debut on July 24, introducing the native token WLD to the market. Alex Blania, the project’s co-founder, claimed:

However, the launch of the token seems to be pretty successful already. Numerous major crypto exchanges, including Binance, Bybit, and OKX, have already announced the listing of the new coin. However, due to regulatory uncertainties, Worldcoin has stated that the asset won't be available for users in the United States.

To acquire WLD, users can undergo verification and also participate in the project's beta testing phase. The development team has promised to reveal more precise details about the tokenomics soon.

The primary product of Worldcoin is the World ID protocol, which relies on zero-knowledge proofs. It serves as a mobile tool enabling individuals to undergo identification without compromising their anonymity. Besides biometric data, users can use their phone numbers to confirm their identity.

In line with the launch, the project team has provided open access to the World ID developer tools. Additionally, they have disclosed plans to expand verification operations through the Orb system in over 20 countries.

Worldcoin fast facts:

Shortly before the release, World ID had already hit 2 million registered users.
Previously, the team behind Worldcoin successfully raised $115 million during the funding round.
Following the launch of Worldcoin, Optimism has surpassed Arbitrum in terms of daily transactions on July 25 (one day after WLD’s launch).
Ethereum CEO, Vitalik Buterin, expressed concerns about the privacy of Worldcoin, which utilizes retina scanning for digital identification.
In May, users from China, unable to access the application, resorted to purchasing biometric data from third parties in African countries to obtain registration tokens. The company pledged to take necessary actions to combat the black market.
On the third day of WLD launch, Altman said that the frequency of people scanning their eyes with the "Orb" device and confirming their identity — one person every eight seconds.

All in all, the attention of the crypto community is growing exponentially, and according to the different sources, the price of WLD significantly increased after it was listed on Binance:

If you have done your own research on this project and want to buy WLD, you may do so through SimpleSwap, the instant crypto exchange.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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