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Worldcoin (WLD), a cryptocurrency created by OpenAI's CEO, Sam Altman, reported phenomenal success with its World App. However, its World ID system continues to raise privacy concerns.
The ‘World App' for iOS and Android has now been downloaded 4 million times, according to data collected by its development team, Tools for Humanity.
World App, the crypto wallet launched by Sam Altman's Worldcoin just six months ago, has reported having over 1 million monthly active users.
In recent days, Worldcoin (WLD) has been on a remarkable bull run, with its price surging to $1.94, marking a daily gain of 4.2%. This surge is part of a broader trend that has seen the cryptocurrency's value increase by 16% over the past week.
On the final day of October 2023, WorldCoin (WLD) accomplished a significant feat, breaking the $2 price barrier with a remarkable 45% increase over the past month. This surge marked WLD's highest level since Aug. 8, sparking discussion in the crypto space.
This week's Crypto Biz looks at BlockFi's emergence from bankruptcy, BlackRock's spot Bitcoin ETF developments, Worldcoin's operator payment scheme upgrades and more.
Contributing Worldcoin developers recently updated the project's state bridges to use a new architecture that saves gas and enables anyone to easily “create a bridge for any Ethereum Virtual Machine (EVM) compatible chain.
In a notable development in the cryptocurrency world, Worldcoin, the pioneering project that aims to verify people's uniqueness and existence through its Operator network, has officially announced a strategic change in its payment policy. Effective October 10, 2023, Worldcoin will cease payments in the USDC stablecoin, instead opting for its native WLD cryptocurrency.
Worldcoin, a prominent cryptocurrency venture, recently unveiled its plans to pay its Orb Operators, responsible for iris-scanning processes, using its in-house Worldcoin (WLD) token. This strategic shift implies moving away from the USD Coin (USDC) payments starting from November.
The Worldcoin Foundation has disclosed plans to compensate orb operators with WLD tokens rather than USDC stablecoins for scanning individuals into the Worldcoin network.
By November, all Orb operators are expected to be paid entirely in WLD rather than USDC.
Worldcoin, which uses iris biometrics to create a unique human identity database, said Sunday it is changing the distribution of its circulating WLD token supply and its market maker loan agreements. The project, launched in July, will decrease the loan amounts to market makers and will start rewarding operators with WLD instead of USDC.
Worldcoin Foundation plans to use WLD tokens instead of USDC stablecoins to reward orb operators. Transition expected in a month.
Worldcoin has been met with ambitious acceptance in the crypto community and has made waves in the blockchain and crypto space. The recent report explains that Orb's operations are to be paid in the native token WLD and not USDC (USD coin).
Worldcoin, backed by entrepreneur Sam Altman , is implementing significant changes to its Orb rewards strategy to foster the growth of its (WLD) token supply. This move comes as the cryptocurrency sector is rapidly evolving, with major events on the horizon such as Benzinga's Future of Digital Assets conference slated for Nov. 14, where such strategic shifts are expected to be a topic of conversation.
It was launched on the crypto markets at the end of July at a price of around $2. The very day it was launched, it reached its current all-time high of $3.5, but the next day it was back down to $2.
Worldcoin Orbs operators will start receiving rewards in WLD as the project phases out USDC gradually.
After an initial phase of paying operator rewards in USDC, Worldcoin is transitioning to issuing these rewards in WLD tokens
The controversial biometrics project Worldcoin is transitioning to paying out rewards to its operators solely in its native WLD token rather than stablecoins like USDC. The move aims to boost WLD distribution but has also impacted its price.
Worldcoin is transitioning its payment method for Orb Operators from USD Coin to its native Worldcoin token as part of a development phase.
In a recent post update, Worldcoin said it is all ready to start paying its Orb Operators.The reward is for scanning people's eyes with its native Worldcoin (WLD) token, phasing out USD Coins as early as next month.
The Worldcoin Foundation will phase out USDC rewards in favor of Worldcoin (WLD) token rewards for its Orb operators by early November. The move completes a transition phase for Worldcoin operators that started on Oct. 10, 2023.
Worldcoin will reward Orb operators exclusively in its native WLD token, replacing the USD Coin (USDC) stablecoin, starting in November. On Oct. 22, the Worldcoin Foundation clarified that the USDC rewards were distributed “during a transitional phase” of their project.
Worldcoin (WLD) is changing its incentivization model as it has announced it will switch from paying users through USD Coin (USDC) to its own native token, WLD. The Worldcoin Foundation made the revelation through a blog post shared on Oct. 22, noting that Orb operators will be paid in WLD starting from November.
