As a seasoned researcher with a keen interest in blockchain technology and its applications, I must admit that the Worldcoin (WLD) project has caught my attention. With over 6.6 million users registered worldwide, it’s hard not to be intrigued by this decentralized network.
Over the past year, the Worldcoin (WLD) network has expanded significantly and become a leading technology worldwide that verifies human identity. This blockchain system operates using the $WLD coin to motivate new members joining the network. To date, it has recorded over 6.6 million users globally.
The surge in the Worldcoin protocol is largely due to the dynamic group of developers, spearheaded by Sam Altman, who is not only a co-founder but also serves as the CEO of the renowned AI company, OpenAI.
Lately, the Worldcoin network has expanded beyond the Ethereum (ETH) environment, now operating within the Solana (SOL) ecosystem as well, aiming for a hassle-free worldwide acceptance.
Worldcoin Project Determined to Grow Globally
Despite certain legal challenges preventing the use of the Orbs tool for data collection in some regions, World ID has seen rapid expansion in recent times. Today, the Worldcoin team unveiled plans to distribute additional Orbs tools worldwide, with the aim of streamlining the registration process in the immediate future.
Over the last week, I’ve been thrilled to witness over 113,000 new accounts joining the global community of the World App, hailing from no less than 160 different nations. This diverse expansion has added a rich tapestry of perspectives and experiences to our growing crypto family.
In their recent effort to broaden its legal jurisdiction, the Worldcoin group declared that their Orbs instruments would now be accessible in Warsaw, Poland. This move increases the accessibility of World ID within the European market, which boasts clear regulations for web3 and cryptocurrencies.
Increasingly, Polish internet users are coming across AI-driven bots online and usually find these interactions unpleasant. Solutions such as World ID could potentially distinguish between automated programs and real people online without compromising privacy.” (Worldcoin observed)
By the middle of July, Coinspeaker announced an expansion of the Worldcoin network’s activities in Austria. Since that time, the Worldcoin network has welcomed over 300,000 new users.
In simple terms, the Worldcoin network has made a significant move by entering the Asian market, collaborating with the research and development sector of the Malaysian government to introduce a digital system that verifies humanity in the country.
It’s anticipated that the Worldcoin project will significantly contribute to the widespread use of web3 technologies globally in the short term.
Additionally, the users retain full control over their data, securely stored in an encrypted database.
Midterm Impact on WLD Price
Over the last six months, the price of WLD has plummeted by over 85%, settling at approximately $1.46 on September 18th. Despite this, the altcoin – worth around $14.5 billion when fully diluted and trading an average of $175 million daily – may indicate a short-term price increase.
On a weekly basis with WLD, the Relative Strength Index (RSI) is developing a bullish pattern amidst a declining market. Meanwhile, this altcoin seems poised to break free from a long-term downward logarithmic trend.
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2024-09-18 16:09