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Information about Worldcoin (WLD)
Worldcoin is a protocol for developing personal identity-related products, created to make it easier for users to identify themselves in the booming era of AI.
Worldcoin uses a product called “The Orb” to scan a user’s retina, then uses a Proof of Personhood mechanism to verify their identity and store the data on the blockchain. In addition, Worldcoin also developed the World App to help users store digital assets in a simple and convenient way.
WLD is a native token of the Worldcoin ecosystem, operating on Ethereum according to ERC20 standard, and can be used to:
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According to data gathered by analytics firm IntoTheBlock, 60% of WLD holders are profitable on their investments.
In addition, 4% of investors are breaking even and 36% are losing money from holding this coin.
Worldcoin, led by Sam Altman’s Tools for Humanity, has announced the launch of its own Ethereum Layer 2 blockchain, named World Chain.
This move to a Layer 2 solution is part of Worldcoin’s broader strategy to manage growing user numbers while maintaining low transaction costs and high throughput.
Worldcoin signs up over 9K users in Argentina in a single day despite criticism
Human ID project Worldcoin signed up over 9,500 users in Argentina in a single day in August, setting a record for single-day sign-ups.
World app sees 3 times increase in active users following Worldcoin launch
Worldcoin’s privacy-preserving identity protocol, World ID, experienced a surge in global demand after launch, with weekly verifications doubling.
World App, the first wallet built for the Worldcoin network, also saw a 3 times increase in active users & 10 times increase in account creations.
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