Worldcoin, a crypto project founded by Sam Altman, is set to launch its mainnet protocol and native WLD token on July 24th. The company announced the launch on Twitter, marking an important milestone for the project.

Key Takeaways

• Worldcoin’s protocol launch and WLD token launch will happen on July 24th.
• The project raised over $100 million in funding earlier this year.
• The WLD token will not be available to investors in the United States due to regulatory uncertainty.

Worldcoin, created in part by OpenAI CEO Sam Altman, aims to address two major issues: online identity authentication and income inequality. The project received significant attention from the crypto and Silicon Valley communities for its ambitious goals.

Earlier this year, Tools for Humanity, the parent company of Worldcoin, raised $115 million in a Series C funding round. Prominent crypto venture capital firms, including Blockchain Capital, a16z, Bain Capital Crypto, and Distributed Global, led the funding round.

Co-founder Alex Blania emphasized the importance of proof of personhood in the age of AI. Blania stated that privacy-oriented, decentralized, and inclusive solutions are essential.

Unveiling WLD Tokenomics

Alongside the launch of the WLD token, Worldcoin will also reveal the tokenomics of the project. This announcement will provide further details on the economic aspects of the token and its distribution.

Worldcoin previously released a wallet for its protocol called World App, which operates on the Polygon blockchain. The company’s parent company, Tools for Humanity, has offered free WLD tokens to people worldwide in exchange for iris scans using “The Orb” device.

The Iris scans are a means to ensure each person has only one Worldcoin ID, which can help differentiate between real individuals and bots. Additionally, it has the potential to reduce or eliminate fraud if governments choose to distribute “universal basic income” to their citizens based on Worldcoin IDs.

However, the WLD token will not be available to investors in the United States due to regulatory uncertainty surrounding cryptocurrencies.

FAQ

What is Worldcoin?

Worldcoin is a cryptocurrency project founded by Sam Altman. It aims to address issues of online identity authentication and income inequality.

When is Worldcoin launching its mainnet protocol?

Worldcoin is launching its mainnet protocol on July 24th.

When is Worldcoin launching its WLD token?

Worldcoin is launching its WLD token on July 24th.

How much funding did Worldcoin raise?

Worldcoin raised $115 million in a Series C funding round earlier this year.

Will the WLD token be available to investors in the United States?

No, the WLD token will not be available to investors in the United States due to regulatory uncertainty.