Worldcoin Operations Allegedly Ramping Up, One Person Getting Verified Every 8 Seconds
Worldcoin, a project aiming to deploy a Universal Basic Income (UBI) system with Sybil protections, is gaining interest from potential users. The project has launched officially and is expanding its presence globally. Iris scanning devices called “Orbs” have been shown in cities like Lisbon, Miami, and Los Angeles. CEO Sam Altman posted a video showing users waiting in line to be verified with an Orb, with one person getting verified every 8 seconds.
Altman’s Objectives
- Users can now reserve their genesis airdrop of 25 WLD and be verified later to obtain it.
- Reports suggest that the demand for Worldcoin might not be as high as Altman claims, with only a few hundred participants registering in Hong Kong.
- Out of 2 million signups, only about 13% have possession of the WLD tokens on the Optimism network.
- Less than 270,000 participants are holding WLD tokens, far from the 2 billion people Altman mentioned as his final goal.
- The value of the airdrop is around $50 and is expected to remain in that range for the next three months.
Hot Take
Worldcoin’s operations seem to be ramping up, with interest from potential users and the presence of iris scanning devices. However, the actual demand might not be as high as claimed, and the number of participants holding WLD tokens is still relatively low. The success of the project in the first few weeks will be crucial, especially considering the value of the airdrop. Worldcoin has the potential to revolutionize the concept of a digital decentralized ID and UBI, but it remains to be seen how it will fare in the crypto market.
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