On October 24, the controversial and ambitious Worldcoin (WLD) project will convert operator rewards from USDC stablecoins to its WLD tokens, thereby increasing the amount of tokens that are available for purchase on the open market.
In a recent post, Worldcoin stated, “The WLD token was launched with a relatively low circulating supply of just over 100M WLD.” “This resulted from the objective of establishing the largest human network feasible. To do this, over the coming years, user grants representing the majority of the WLD token supply will be distributed to both new and current users.
Sam Altman, the founder of OpenAI, supports the Worldcoin identity protocol.
According to the company, the protocol will eventually help the larger crypto and artificial intelligence (AI) ecosystems as they are incorporated into society. It uses a hardware device known as an Orb to identify people and demonstrate that they are human by scanning their irises.
Where regulations permit, users validated by the Orb can claim WLD tokens on the project’s app, and Orb operators were paid in USDC tokens for each iris scan. The amount of money these operators make each scan is unknown.
In the past 24 hours , the price of WLD tokens dropped by almost 6% to $1.48.