Sam Altman’s Worldcoin (WLD) project has achieved another major milestone in the global Web3 industry. The organization is expanding its World ID verification project to Peru, demonstrating its commitment to increasing its global presence. With the help of Worldcoin’s Orb verification, which is a crucial component of World ID verification in Argentina and Singapore, the project aims to revolutionize digital identity. This expansion could potentially benefit Worldcoin’s main network asset, WLD.
World ID verification is an advanced, open-source, and permissionless digital identity protocol that allows individuals to verify their humanity online while safeguarding their privacy. The verification process relies on Worldcoin’s Orb, which scans a person’s irises to generate a unique iris code, creating a distinct digital identity.
On May 8, Worldcoin officially announced that World ID Orb verifications are now available in Lima, the capital of Peru. Peruvians who are 18 years or older can now prove their identities online.
According to a study conducted in March this year, 90% of the over 800 Peruvian participants expressed a desire for technology-based solutions to distinguish humans from online bots. Additionally, 84% of the participants believe that mechanisms separating machines from humans are crucial for the future.
Taking advantage of this opportunity, Worldcoin seems to be launching a nationwide movement with World ID verification. As mentioned earlier, the development efforts in Argentina have already resulted in approximately 500,000 World ID verifications. Last year, the company expanded its global reach by initiating Orb verification processes in Singapore.
As of now, the price of WLD has decreased by 4.90% in the last 24 hours, trading at $5.51. However, as Worldcoin continues to expand globally, experts anticipate a gradual increase in the adoption of this altcoin. This could potentially create buying pressure for WLD, leading to significant gains for investors. The growing adoption of artificial intelligence technology further fuels optimism about the long-term price trajectory of the altcoin.
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Disclaimer: The information provided in this article should not be considered investment advice. Investors should be aware of the high volatility and associated risks of cryptocurrencies and conduct their own research.
