Worldcoin Extends WLD Reservation Access to Unverified Users
The controversial iris-scanning crypto project Worldcoin is now allowing unverified users to reserve their Worldcoin (WLD) tokens.
The project, launched on July 24 following three years of development, aims to establish a comprehensive global database for human identification, setting itself apart from automated bots that may populate the digital landscape in the future.
On August 11, the Worldcoin team revealed that their World App now offers a reservations feature, allowing individuals to secure their WLD tokens without the necessity of verifying their World ID immediately.
This advancement is aimed at simplifying the token reservation process for a wider user base.
Reservations are set to remain valid for a 12-month duration, during which users can redeem their reserved tokens through the utilization of the iris-scanning device referred to as the Orb.
Comprising three fundamental components—the Worldcoin ID, the Worldcoin App, and the Worldcoin token (WLD)—the Worldcoin project incentivizes users to generate a biometrically-based ID system by rewarding them with native WLD tokens in return.
The project's underlying premise centers on addressing a futuristic concern: the potential difficulty in distinguishing real humans from AI-powered bots in an increasingly AI-dominated online landscape.
To tackle this challenge, the Worldcoin ID system is being positioned as a potential default identification mechanism, granting humans access to diverse services and opportunities.
The Worldcoin initiative has encountered regulatory obstacles and investigations that have cast a shadow over its aspirations.
The project faced suspension in Kenya due to concerns regarding its data collection methods.
The government of Kenya raised
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