Summary
TLDR: Worldcoin, co-founded by Sam Altman, announced their layer-2 solution, World Chain, to address scalability issues in Web3. The network will prioritize humans over bots and integrate with the Worldcoin protocol. The native token, WLD, saw modest price performance after the announcement. Worldcoin faces regulatory scrutiny in Buenos Aires and other jurisdictions.
Key Points
1. Worldcoin, co-founded by OpenAI’s Sam Altman, announced the introduction of its layer-2 (L2) solution named World Chain on April 17, 2024, despite facing controversies and regulatory scrutiny.
2. World Chain, built on OP Stack and the Ethereum network, aims to address Web3 scalability challenges and will launch this summer. The network will prioritize verified humans, including more than five million World ID holders, over bots in terms of blockspace and gas allowance for transactions.
3. Worldcoin’s native token, WLD, saw a modest price performance after the announcement of World Chain. Worldcoin’s decision to launch its own L2 solution comes amidst regulatory scrutiny from various jurisdictions, including Buenos Aires, Spain, and Kenya.