Worldcoin Price WLD

The mission of the Worldcoin project is to build the world’s largest identity and financial network as a public utility, giving ownership to everyone. A key component of the Worldcoin project is the development of the foundational infrastructure that will be important for a world where AI plays an increasingly large role.

The Worldcoin system revolves around World ID, a privacy-preserving global identity network. World ID enables users to verify their humanness online while maintaining their privacy through zero-knowledge proofs.

Using World ID, individuals will be able to prove that they are a real, unique human to any platform that integrates with the protocol, including to web3 systems, social networking sites, and governmental programs. This will enable fair airdrops or token/NFT sales, provide protection against bots/sybil attacks on social media, and enable the fairer distribution of limited governmental resources. Furthermore, World ID can also enable global democratic processes and novel forms of governance (e.g., via quadratic voting), and it may eventually show a path to AI-funded UBI. The Worldcoin token (WLD), alongside World ID, will let users participate in governing the Worldcoin protocol.

To engage with the Worldcoin protocol, individuals must first download a first wallet app that supports the creation of a World ID. Users visit a physical imaging device called the Orb to get their World ID Orb-verified. Orbs are operated by a network of independent local businesses called Orb Operators. The Orb uses multispectral sensors to verify humanness and uniqueness to issue an Orb-verified World ID, with all images being promptly deleted on-device per default (absent explicit consent to Data Custody). All Orb-verified World IDs holders are entitled to claim recurring grants of free WLD tokens, subject to certain availability restrictions. The WLD token is designed as a utility token with governance properties.

Categories: Smart Contract Platform · Ethereum Ecosystem · Decentralized Identifier (DID) · Optimism Ecosystem · Coinbase Ventures Portfolio · Multicoin Capital Portfolio

Worldcoin is a cryptocurrency project focused on creating a global digital identity system and a means of fair cryptocurrency distribution.

The project aims to address issues of identity verification and equitable access to cryptocurrencies by using biometric data, specifically iris scans, to create unique digital identities for users.

The supply schedule of Worldcoin is influenced by its distribution method, which involves giving away tokens to users who verify their identity through the project's iris scanning technology.

Adoption is driven by the project's ability to sign up users globally, which depends on the accessibility and acceptance of its biometric verification process.

The use case for Worldcoin is centered around providing a universal digital identity and a fair distribution mechanism for cryptocurrency, which could appeal to users in regions with limited access to traditional financial services.

Market conditions, such as the overall demand for cryptocurrencies and investor sentiment towards new projects, can impact the price of Worldcoin.

Regulatory factors, particularly those related to the collection and use of biometric data, could significantly influence the project's growth and acceptance.

Worldcoin has a circulating supply of 3,798,115,114 WLD out of a maximum of 10,000,000,000 WLD, and a total supply of 10,000,000,000 WLD. Its fully diluted valuation is $5.68B.

You can buy Worldcoin (WLD) on major exchanges such as Binance, Coinbase, Kraken, Bybit and OKX. In Nigeria, WLD is also available via local exchanges and P2P — see our WLD in naira page. Always compare fees and use reputable platforms.

One WLD costs about ₦786.75 to buy on Nigerian P2P markets and sells for about ₦782.72. The P2P USDT/NGN rate (₦1,363.5) sits 2.4% above the official USD/NGN rate of ₦1,331.28, so dollar-priced crypto effectively carries that spread when you buy with naira.