Worldcoin Launches Blockchain World Chain
Sam Altman's cryptocurrency project continues to evolve, introducing its users a L2 blockchain called World Chain.
The Worldcoin project has announced the launch of its L2 blockchain called World Chain. The move comes after the project gathered 10 million users for its World App wallet last week.
World Chain is built on OP Stack and the Ethereum network, much like Base from cryptocurrency exchange Coinbase. According to the company, the blockchain network will be launched this summer and available to everyone. World ID holders will get priority to process transactions on the network. They can easily pay fees using WLD or ETH.
World Chain will be integrated into Worldcoin to facilitate the growth of the network and use it to validate World ID.
much like the rest of the internet, bad bots like airdrop farmers worsen many of the problems blockchains face today
— tiago sada (@tiagosada) April 17, 2024
people on world chain will have the option to anonymously verify their addresses as human with world id
fully delinked from their id, simply like a blue… pic.twitter.com/Y3xlcrTe0T
The Worldcoin project decided to create World Chain using L2 solutions in order to combat bots. By prioritizing real users, the blockchain aims to increase the utility of the project. World Chain will target a wide audience, preparing to support up to 1 billion people.
WLD reacted by rising 6% in momentum, but at the time of writing, the asset is down 3.3%, following a decline across the entire cryptocurrency market.
