Worldcoin Launches WLD Token and Mainnet
Crypto project Worldcoin, led by Sam Altman, announced the launch of its WLD token and mainnet on Twitter. The launch was preceded by an app update prompt that blocked functionality until the launch time. Developers now have access to the Worldcoin software development kit (SDK) to create tools and apps using the project’s identity protocol, World ID. Users are required to get their irises scanned through the Orb device for verification. The project is migrating to the Optimism network and will increase availability of the Orb device globally. Worldcoin raised $115 million in a Series C round in May. The token will not be available in the U.S. due to regulatory uncertainty.
Key Points:
- Worldcoin launches WLD token and mainnet
- Developers receive access to the SDK
- Verification process involves iris scanning
- Migration to the Optimism network
- Token not available in the U.S. due to regulatory uncertainty
Hot Take:
Worldcoin’s launch of the WLD token and mainnet, along with the availability of the Orb device and SDK for developers, marks a significant milestone for the project. By utilizing iris scanning for verification and partnering with the Optimism network, Worldcoin aims to create a privacy-first, decentralized, and inclusive proof of personhood solution. However, regulatory uncertainty prevents the token from being available in the U.S., posing a potential challenge for widespread adoption.
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