World ID 2.0
In Dec 2023 Worldcoin announced World ID 2.0 which they tout as "a human passport for the Internet." The primary features in this upgrade are:
(1) A "Worldcoin App Store" () with apps integrated with World ID (which already has high flying…
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Today I'm going to do a
#QuickTokenTake
on
@worldcoin
$WLD as it's trending on
@CoinMarketCap
. As per usual, I'll spend 30 minutes of undivided attention looking into it to figure out how the mechanics work, what utility the token has, and more. Let's dig in. 🧵
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Overview
Started by
@openai
founder
@sama
, Worldcoin fashions itself as being "for every human". Again and again, it touts a "more human internet" (World ID), a "more human blockchain protocol", and a "more human economic system". Worldcoin's goal is to become a global digital…
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World ID
The idea for World ID is to have a "privacy-preserving" system that enables "proof of personhood" - i.e. a system where you can prove you're human while retaining your privacy. The assumption, as stated in their whitepaper, is that "Proof of personhood is a missing and…
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WLD token
According to Worldcoin's tokenomics docs, the $WLD token will be primarily distributed to unique humans (75%, per the distribution details), will be "the most widely distributed digital currency" (since the goal is to get some in every human's hands when they prove…
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Summary
Worldcoin's vision is a grand one. Digital identity remains a massively complicated problem, but one that can solve all sorts of issues such as identity fraud as well as massively reduce the cost and complexity of things that *should* be simple like proving your own…
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Resources
☑️ CMC trending coins:
☑️ $WLD on CMC:
☑️
#Worldcoin
website:
☑️ Worldcoin/WLD whitepaper:
☑️ $WLD tokenomics:
Disclaimer: I don't endorse or oppose…
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