What is Worldcoin?
Worldcoin (WLD) is a digital identity and financial network co-founded by Sam Altman (CEO of OpenAI). Its goal is to create a global proof of personhood system using iris-scanning Orb devices to verify unique human identity.
The World ID system creates a unique, privacy-preserving digital identity for each verified person. This aims to solve the growing challenge of distinguishing humans from AI bots online, enabling fair digital resource distribution.
WLD is the native token distributed to verified World ID holders as a form of universal basic income. The World Chain (built on OP Stack) provides priority transactions for verified humans over bots.
WLD Tokenomics
WLD has a maximum supply of 10 billion tokens over 15 years. 75% is allocated to the community, with regular grants to verified World ID holders. The remaining 25% goes to the team, investors, and TFH (Tools for Humanity). Only a small fraction of total supply is currently in circulation.
WLD Historical Price Performance
WLD launched in July 2023 amid significant controversy about privacy and biometric data collection. After trading down to $1.01 in October 2023, it surged to $11.74 in March 2024 driven by the AI narrative and Sam Altman's prominence. The project has verified millions of people worldwide despite regulatory pushback in several countries.
Frequently Asked Questions
World ID is a privacy-preserving proof of personhood system. Users scan their iris with an Orb device to generate a unique identity proof. The actual iris data is not stored — only a mathematical proof of uniqueness.
Verified World ID holders can claim free WLD tokens through the World App. Regular grants are distributed to verified users as a form of digital universal basic income.
Yes, Worldcoin has faced criticism over privacy concerns related to biometric data collection, and has been banned or restricted in several countries including Spain, Portugal, and Kenya. Proponents argue the iris data is only used to generate proofs and is then deleted.
Worldcoin was co-founded by Sam Altman, who is also CEO of OpenAI. The project is motivated by the belief that AI will create a need for reliable proof of personhood and universal income distribution.
What is World ID?
World ID is a privacy-preserving proof of personhood system. Users scan their iris with an Orb device to generate a unique identity proof. The actual iris data is not stored — only a mathematical proof of uniqueness.
How do you get WLD tokens?
Verified World ID holders can claim free WLD tokens through the World App. Regular grants are distributed to verified users as a form of digital universal basic income.
Is Worldcoin controversial?
Yes, Worldcoin has faced criticism over privacy concerns related to biometric data collection, and has been banned or restricted in several countries including Spain, Portugal, and Kenya. Proponents argue the iris data is only used to generate proofs and is then deleted.
What is the connection to OpenAI?
Worldcoin was co-founded by Sam Altman, who is also CEO of OpenAI. The project is motivated by the belief that AI will create a need for reliable proof of personhood and universal income distribution.
Risk Warning
Cryptocurrency prices are highly volatile and can change rapidly. The information on this site is provided for informational purposes only and does not constitute financial, investment, or trading advice.