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Jami

07/11 17:28

Worldcoin ($WLD): Powering Global Digital Identity

Worldcoin ($WLD): Powering Global Digital Identity and Governance with World ID

Worldcoin ($WLD), launched in 2019 by OpenAI CEO Sam Altman, Max Novendstern, and Alex Blania, is carving out a unique niche with the aim of building a new global identity and financial network.

It aims to create a global, privacy-focused digital identity system that proves a person’s human identity online. This is crucial in an era dominated by AI and bots, where verifying genuine human users unlocks new possibilities in governance, economic inclusion, and digital interactions.

As of February 2025, there is a total supply of 10 billion $WLD tokens, with about 1.7 billion $WLD currently unlocked and in circulation. The majority of the $WLD tokens are locked.unnamed (1).png

The $WLD token also serves as gas fees on World Chain, a Layer-2 Ethereum-based blockchain, and serves roles in governance, gaming economies, and beyond.

To support essential use cases like UBI and AI governance, Worldcoin requires a secure Proof of Humanity (PoH) system. The World ID is issued through biometric verification devices like the Orb, which scans users’ irises to confirm their uniqueness.

The Orb is already being adopted globally, including by online streamers and developers, making it one of the most practical implementations of PoH so far.

Notably, Worldcoin partnered with Story Protocol to integrate World ID into its IP blockchain, enabling creators to prove human authorship and monetize content. This addresses growing concerns about AI-generated content saturation.

Concurrently, World ID usage surpassed 100 million verifications across third-party apps, with 2-10 million registered users in 160 countries. Strategic alliances with Razer (gaming IDs) and Match Group (Tinder pilot) suggest broadening utility beyond crypto-native use cases.

Worldcoin is partnering with Succinct to scale zero-knowledge (ZK) proofs to every transaction on World Chain. This move will help make World Chain faster, more private, and ready to become a full ZK rollup.

While Worldcoin faces regulatory scrutiny in regions like Germany, its momentum in forming strategic partnerships is a powerful counterbalance. With a 98.4% bullish community sentiment and expanding use cases, the project remains neutral-to-bullish in the mid-term.
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