Summary
TLDR: The Worldcoin Foundation is launching the World Chain blockchain, built on Ethereum using Optimism’s superchain technology. The project aims to provide a dedicated network for Worldcoin users and prioritize humans over bots. Despite privacy concerns, the foundation emphasizes that Worldcoin and its technologies are privacy-preserving. The WLD token is trading at $5.00 per coin, up 4.4% since the announcement.
Key Points
1. The Worldcoin Foundation is launching the World Chain blockchain later this year, built atop the Ethereum blockchain and using ETH as its native token. Worldcoin (WLD) can be used to pay gas fees.
2. Worldcoin users represent a significant portion of activity on Optimism, with over 2 million active users utilizing Worldcoin’s technology daily. The new World Chain project aims to improve network performance and scalability for these users.
3. World Chain is designed to prioritize verified humans over bots, offering gas allowances for casual transactions. Despite past controversies, Worldcoin and its related technologies are privacy-preserving, allowing users to sign up anonymously and maintain self-custodial data.