Summary
TLDR: Worldcoin plans to launch a layer-2 platform called World Chain on Optimism to prioritize human transactions over bots by incentivizing humans with lower gas fees and faster confirmation times. Bots will pay slightly higher gas fees which will be redistributed to humans. The project aims to drive more organic usage and has already surpassed ten million users. Despite potential revenue loss from bots, Worldcoin is focused on the long-term goal of reaching millions of users. The project is facing regulatory scrutiny over data collection methods but has seen some early success with users using WLD tokens to buy goods like a goat.
Key Points
1. Worldcoin plans to launch a layer-2 platform named World Chain using Optimism’s software set, OP Stack, later this summer to combat bot activity and accommodate its growing user base.
2. Worldcoin aims to prioritize human transactions over bots on its layer-2 platform by implementing higher gas fees for bots to subsidize fees for casual users, incentivizing organic usage and faster transaction confirmation times for humans.
3. Despite facing regulatory scrutiny over its data collection methods in multiple countries, Worldcoin’s WLD tokens currently trade at around $4.94 and the project’s universal basic income concept has shown promising early returns, with users using WLD to purchase items like goats.