Sam Altman’s Worldcoin (WLD) project has achieved a major milestone in the Web3 industry, showcasing its commitment to global expansion by extending its World ID verification project to Peru. 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 in Peru. This expansion has the potential to benefit Worldcoin’s main network asset, WLD.
The World ID verification is an advanced and open-source digital identity protocol that allows individuals to verify their humanity online while maintaining their privacy. The verification process relies on Worldcoin’s Orb technology, which scans a person’s irises to create a unique iris code, establishing a distinctive 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.
A study conducted in March revealed that 90% of the 800 Peruvian participants prefer technology-based solutions to differentiate humans from online bots. Additionally, 84% of the participants believe that mechanisms separating humans from machines are crucial for the future.
Worldcoin is seizing this opportunity to launch a nationwide wave of World ID verification in Peru. In Argentina, approximately 500,000 World ID verifications have already been recorded, demonstrating the project’s progress. The company also initiated Orb verification processes in Singapore last year as part of its global expansion efforts.
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 its global reach, experts predict a gradual increase in the adoption of this altcoin, which could lead to buying pressure and potentially drive up the price.
If this occurs, WLD investors can expect significant gains. The growing adoption of artificial intelligence technology further fuels optimism about the long-term price trajectory of this altcoin.
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Disclaimer: This article does not provide investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and conduct their own research.
