You may have spotted an article or Tweet about Worldcoin lately.
Here's an example Article:
https://techcrunch.com/2023/07/24/worldcoin-launch-sam-altman/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAANAMljq7e2zNF35eUVvo7H9_WzdDOFSd8944e9W1CNZrLHgS-w1UXkPm1GDKgFyC_c2Vy5rF-rVr62849MIjpf5YA9L-FM7k60TwK41KE5zEnPdKjBBJzuzzlVCmVLLYLwkeovtjgWKbeNEVYBLmHAKDHItua5OJAz3UiW59zAvkI paid attention to this due to my interest in Antaui Coins, which are loaded with Worldcoin.
My initial thought after seeing a headline was that this group must
have taken over the Worldcoin blockchain to innovate it and bring it to a new use case.
This would have been cool and I was quickly wondering if I should dust off the Antaui
coin and prepare for the moon (
)
However, this is a second Worldcoin. The old one loaded on Antaui coins is WDC, ranked #3618 by market cap,
and the new one WLD, ranked #137 by market cap. I cannot say why they went with a token name that was
already created.
Here is one of the founders (Sam Altman)
Just Kidding. Here they are:
The premise of their enterprise is to develop a system that verifies human vs robot
in a digital world using iris scanning tech (called an Orb) and a verification network. The reason for why they
need a token and a blockchain is unclear. My personal take on this with just a little bit of rooting
through their material is admittedly somewhat cynical. My opinion is they probably devised this
because of profit potential rather than a true need to develop another alt coin. Instead of devising
the tech and system to work on existing blockchains, they want their own economic controls. Yes, they cite
bridges and all that that to be compatible, but they still went with creating their own token, which is
ERC20.
This sentence from their material seems quite hyperbolic:
So for all the Antaui lovers out there thinking their day in the sun had arrived, apologies.
Seems we have another Worldcoin on the block. Maybe they will make a physical coin loaded
with their token.