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Sam Altman’s Worldcoin (WLD) project has once again reached a significant milestone in the global Web3 industry. The organization has demonstrated its commitment to expanding its global footprint by extending its verification project, World ID, to Peru. Following significant steps with the help of Worldcoin’s Orb verification, a crucial component of World ID verification in Argentina and Singapore, the project is now expanding to Peru with the aim of revolutionizing digital identity. The main network asset of Worldcoin, WLD, is assessed as potentially benefiting from this expansion.
World ID Expands to Peru
World ID verification is a state-of-the-art, open-source, and permissionless digital identity protocol that allows individuals to verify their humanity online while protecting their privacy. This verification primarily benefits from Worldcoin’s Orb verification process. This process uses an Orb to scan a person’s irises to create a unique iris code, which is then used to create a distinctive digital identity.
Worldcoin announced officially on May 8 that ‘World ID Orb verifications are now available in the capital of Peru, Lima.’ Peruvians over the age of 18 can now prove their identities online.
According to a study conducted in March this year, 90% of over 800 Peruvian participants want technology-based solutions to distinguish people from online bots. Furthermore, 84% of the participants believe that mechanisms separating machines from humans are ‘very necessary’ for the future.
Seizing this opportunity, Worldcoin appears to be initiating a nationwide wave with World ID verification. As mentioned above, development efforts in Argentina include approximately 500,000 World ID verifications recorded. Last year, the company adapted its global expansion efforts by initiating Orb verification processes in Singapore.
Could WLD’s Price Rise?
As of writing, WLD’s price has seen a decrease of 4.90% in the last 24 hours, trading at $5.51. However, as Worldcoin gradually expands its global reach, experts expect a gradual increase in the adoption of the altcoin. This could potentially cause buying pressure for WLD.
If this occurs, significant gains are expected for WLD investors. Especially, the increasing adoption of artificial intelligence technology is further boosting optimism about the long-term price trajectory of the altcoin.
