Sam Altman’s Worldcoin (WLD) project has achieved another important milestone in the global Web3 industry. The organization has demonstrated its commitment to expanding its presence worldwide by bringing its verification project, World ID, to Peru. After making significant progress with Worldcoin’s Orb verification in Argentina and Singapore, the project is now expanding to Peru with the goal of revolutionizing digital identity. This expansion has the potential to benefit the main network asset of Worldcoin, WLD.
The World ID verification is a cutting-edge, open-source, and permissionless digital identity protocol that allows individuals to verify their humanity online while safeguarding their privacy. This verification process heavily relies on Worldcoin’s Orb verification, which uses an Orb to scan a person’s irises and create a unique iris code that forms their 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 old and above can now prove their identities online.
A study conducted in March this year revealed that 90% of the over 800 Peruvian participants desire technology-based solutions to differentiate between humans and online bots. Additionally, 84% of the participants believe that mechanisms to distinguish machines from humans are crucial for the future.
Worldcoin is seizing this opportunity and appears to be initiating a nationwide wave with World ID verification. As mentioned earlier, the company has already recorded approximately 500,000 World ID verifications in Argentina. Last year, it expanded its global reach by introducing Orb verification processes in Singapore.
Currently, the price of WLD has decreased by 4.90% in the last 24 hours, trading at $5.51. However, as Worldcoin continues to expand its global presence, experts anticipate a gradual increase in the adoption of this altcoin. This could lead to buying pressure for WLD and potentially result in significant gains for investors. The rising adoption of artificial intelligence technology further boosts 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 risks associated with cryptocurrencies and conduct their own research.
