Worldcoin to launch its WLD token and mainnet in the present day

Key takeaways

• Worldcoin’s protocol launch is slated for in the present day, July twenty fourth.

• The undertaking will even launch its WLD token in the present day, months after elevating over $100 million. 

Sam Altman’s Worldcoin to go stay in the present day

Sam Altman’s crypto undertaking Worldcoin is slated to launch its mainnet protocol and native WLD token in the present day, July twenty fourth. The corporate made this announcement through Twitter over the weekend.

It is time. 24.7.23 pic.twitter.com/9oHW4DIMJX

— Worldcoin (@worldcoin) July 23, 2023

Worldcoin is a cryptocurrency undertaking created in part by OpenAI CEO Sam Altman. Worldcoin has garnered consideration within the crypto house and Silicon Valley for its formidable strategy to attempting to unravel two main issues: On-line identification authentication and earnings inequality.

Instruments for Humanity, the corporate behind Worldcoin, raised $115 million in a Sequence C funding spherical in Could. The funding was led by outstanding crypto enterprise capital companies, together with Blockchain Capital. a16z, Bain Capital Crypto and Distributed International.

Worldcoin co-founder Alex Blania believes that within the age of AI, the necessity for proof of personhood has grow to be crucial. Blania added that the proof of personhood options have to be privacy-oriented, decentralized and maximally inclusive. 

Worldcoin to unveil its WLD tokenomics in the present day

Along with the launch of the WLD token, Worldcoin will reveal the precise tokenomics of the undertaking. 

This latest cryptocurrency news comes after Worldcoin launched a pockets for its protocol known as World App. The pockets is presently working on the Polygon blockchain. 

Worldcoin’s guardian firm, Instruments for Humanity, has provided folks from varied elements of the world free WLD tokens in trade for scanning their  irises with a tool known as “The Orb.” 

Based on the corporate, the Iris scans be sure that folks can have just one Worldcoin ID. The Worldcoin ID could possibly be used to distinguish actual folks from bots. It might additionally assist scale back or get rid of fraud if governments world wide resolve to distribute “common primary earnings” to their residents.

For the time being, the WLD token is not going to be out there to traders in the USA resulting from regulatory uncertainty.