Worldcoin to Launch New Blockchain “World Chain” in Summer: What We Know
Worldcoin has announced the upcoming launch of a new blockchain called “World Chain” set to debut in the summer. This Ethereum Layer 2 chain will integrate with WLD and World ID, offering an ecosystem of decentralized financial and identity apps focused on utility for everyday life.
The price of WLD, the native Worldcoin token, saw a slight increase following the news, rising 3% in the past 24 hours. However, it has been mostly in negative territory after dropping from recent highs.
World Chain is designed for scalability with the Superchain ecosystem and will prioritize verified humans over bots for access to blockspace. The platform aims to keep bots off the network by offering gas allowances to verified humans, preventing congestion from automated systems like airdrop farming bots.
ETH will be the native token on World Chain, with users also able to pay fees using WLD. Worldcoin, known for its unique identity verification process involving iris scanning via an orb, has seen over 10 million people create a World ID and use the World App.
Despite its growing user base, Worldcoin has faced regulatory scrutiny in various countries, including Spain and Portugal. The project continues to push forward with its mission to provide secure and efficient blockchain solutions for everyday users.
