Sam Altman’s Worldcoin project launches its own token

Sam Altman’s Worldcoin cryptocurrency project has announced the official launch and release of the native WLD token.

The listing of the new coin was announced by many major crypto exchanges, including Binance, Bybit and OKX. At the same time, Worldcoin noted that the asset will not be available in the United States due to regulatory uncertainty.

Users will be able to get WLD when passing verification, as well as for participating in beta testing of the project. The developers promised to share more accurate tokenomics of the project in the near future.

Worldcoin’s core product, the World ID protocol, is based on zero-knowledge proofs. It is a mobile tool that allows people to authenticate without sacrificing anonymity. In addition to biometric data, users can use a phone number to verify their identity.

“In the era of artificial intelligence, the need for identity verification is no longer a matter of serious discussion. Instead, the critical question is whether the verification solutions we have in place can be primarily confidential, decentralized, and as inclusive as possible,” said Worldcoin co-founder Alex Blania.

As part of the launch, the project team made publicly available tools for World ID developers. Startup representatives also shared plans to expand verification operations through the Orb system in more than 20 countries.

Shortly before the release, the number of registered users in World ID reached 2 million.

Earlier, the Tools for Humanity team, which includes Worldcoin developers, raised $115 million following the investment round.

Recall that in May, users from China who do not have access to the application began to buy biometric data from third parties in African countries in order to receive tokens for registration. The company promised to take the necessary measures to combat the black market.

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