Unverified users can now secure their WLD tokens using the iris-scanning cryptocurrency Worldcoin.
The World App now has a reservations function, which simplifies the token reservation procedure for people who want to reserve WLD tokens before undergoing World ID verification, according to the Worldcoin project.
Whether or not a user’s World ID verification is complete, the Worldcoin website shared an invitation to reserve their WLD tokens on August 11. The effort claims that users can exchange these tokens within the next year if they go to an Orb, a machine that authenticates users by scanning their irises.
The Worldcoin ID, Worldcoin App, and WLD token are the three core parts of Worldcoin. Native WLD coins are used as incentives for those who use iris scanning to create a biometric data-centric identity system.
On July 24, the Worldcoin concept was formally presented after three years of development. This ambitious project promises to create a global database that separates humans from robots.
The central thesis of the project is that it will become more difficult to discern between real human interactions and those generated by bots online as artificial intelligence (AI) gains popularity.
In a world dominated by AI, the World ID system intends to be the go-to option, providing a standard identifying way for people to access various services. Arkham Intelligence displayed the Worldcoin team and investor address as 0x0D4 at publication.
Eight additional addresses received 90 million WLD tokens from CcE7. This address has distributed around 248 million WLDs to 26 investor addresses over the last five days, with the 3AC address (0xC7…3741) receiving a major distribution of 75 million WLDs on August 6. Currently, the 0x0D4…CcE7 address is in possession of the remaining 1.252 billion WLDs.
The global community has expressed a variety of opposing viewpoints regarding this position. According to a government information agency in Argentina, the Worldcoin Foundation will be the subject of an inquiry, which will also take unnamed actions to resolve any issues they find.
This was announced on August 7. The probe was launched just a few days after Worldcoin usage in Kenya was halted on August 3. Only a small portion of the unfavorable public perception has led to countries closing their doors.
Despite having more than 2 million customers before going public, the response from customers could have been more positive. The developers said the response has been overwhelmingly positive, supported by the enormous lineups, even if they withheld the precise number of people who had redeemed their WLD tokens.
The introduction of a nonverified collection process raises the possibility that Worldcoin needs help gaining traction and underscores the need for a simpler onboarding procedure to achieve widespread adoption in the future.
