• Worldcoin Extends WLD Reservation Access to Unverified Users.
• The project is aimed at establishing a comprehensive global database for human identification.
• Worldcoin has encountered regulatory obstacles and investigations that have cast a shadow over its aspirations.
Worldcoin Offers Global Digital ID
The Worldcoin project is designed to provide users with a biometrically-based digital ID system in exchange for native WLD tokens. The system comprises the Worldcoin ID, the Worldcoin App, and the token (WLD) itself, and aims to address a futuristic concern: distinguishing real humans from AI-powered bots in an increasingly AI-dominated online landscape.
Worldcoin Extends Reservation Access
The project recently announced that their World App now offers a reservations feature, allowing individuals to secure their WLD tokens without verifying their World ID immediately. Reservations are set to remain valid for 12 months, during which users can redeem their reserved tokens through the utilization of the iris-scanning device referred to as the Orb.
Worldcoin Faces Regulatory Pushback
Despite garnering over 2 million customers prior to its public launch, the post-launch response from users has been subdued. Additionally, regulatory actions have been initiated against Worldcoin in Kenya due to concerns regarding its data collection methods—including iris scans—in exchange for a digital ID. Furthermore, similar actions have been taken against the project in Argentina and the United Kingdom as well.
Response From Users
The creators of Worldcoin maintain that responses from users have been positive thus far; however specific figures on token claims have not been disclosed yet.
Though it faces regulatory pushback in multiple countries, the controversial iris scanning crypto project Worldcoin continues offering access to unverified users who wish reserve their native WLD tokens through its platform; with reservations remaining valid for 12 months before redemption is possible through utilization of their Orb device.