According to Block, the decentralized biometric ID protocol Worldcoin has officially launched, allowing users to reserve their own WLD, an incentives-driven token (roughly translated: token with incentive properties through a reward mechanism). ) of the protocol, will be issued after the user's identity is verified using a biometric device called "Orb". Furthermore, Worldcoin plans to accelerate the deployment of these devices in more than 35 cities.
Sam Altman officially supports Worldcoin
Worldcoin, the decentralized wallet and ID protocol backed by OpenAI CEO Sam Altman, has announced its official launch after more than three years of development. The company is expanding its services to the masses and aims to attract 2 billion global users.
Worldcoin consists of two components: World ID, a decentralized identification protocol that uses individuals' irises as "proof of personhood" verification through dedicated "Orbs", and World App, allows users to receive incentives in WLD tokens and manage these resources using an internal wallet.
Of the initial 10 billion WLD issued, 75% will be issued to users, while the remaining 25% will be retained by Tools For Humanity, the team behind Worldcoin, and its investors.
The Orb push
While users can pre-secure their WLD tokens, they also need to prove their physical human characteristics by having their iris read by an Orb. Worldcoin aims to accelerate the development of the protocol by launching more than 1,500 Orbs across more than 35 cities. More than 2 million users have registered with World ID and Worldcoin anticipates an additional 40,000 registrations weekly.
The rollout will target countries that are receptive to Worldcoin offerings. Worldcoin plans to expand operations in Spain threefold, with more than 150,000 users registered in the initial pilot phase. Brazil and France are next with more limited rollouts. According to Altman, Worldcoin will not be available in the United States for now due to lack of regulatory clarity.
