Worldcoin is a new global currency, collectively owned and intended to be distributed fairly to as many people as possible on a global scale. Its intriguing business model revolves around the concept of providing free cryptocurrency payments in exchange for user engagement.
Key highlights:
- New user outreach through the Proof-of-Personhood technology.
- High compatibility and scalability.
- Strong security.
As of now, Worldcoin has secured substantial funding from prominent investors such as a16z, DCG, Multicoin, Coinbase, and Blockchain Capital,... Moreover, in its recent fundraising round, Worldcoin managed to raise a significant amount of capital amidst challenging market conditions. This partly demonstrates that the project has certain potential.
However, the project also has its drawbacks, notably its overly ambitious and somewhat perplexing vision for technology. Additionally, Worldcoin has faced controversy with its Orb product, which verifies users through eye scanning. This has led to concerns that Worldcoin might resemble another version of ICP. Show Less
