Worldcoin recently experienced a significant development. It was announced that the project achieved a remarkable success by reaching a number of identity creations that represent 1% of the country’s population, which is more than 200,000 Chileans. The initiative uses Orb, a device designed for privacy-focused digital identification. As a result, once verification is completed, users can safely utilize their unique human identities.
In addition, Tools For Humanity (TFH), the development company of Worldcoin, supports the proof of personality that distinguishes humans from bots in World ID. Worldcoin also added to its claims that it opens up a global economic opportunity that can enhance the platform’s importance.
The Future of Worldcoin
Beyond Chile, Worldcoin continues to expand its global reach. The TFH team has already verified the identities of nearly 2 million people worldwide. This rapid expansion clearly demonstrates Worldcoin’s increasing influence in the crypto universe. However, this does not mean they are exempt from regulatory obstacles. Nevertheless, their determination to bring the advantages of cryptocurrency to the masses is evident.
Furthermore, during a conversation at the Argentina Mainnet Stage of Ethereum, Alex Blania, the co-founder of Worldcoin and CEO of TFH, shared the positive atmosphere in Chile with the participants. Blania highlighted Chile’s tech-savvy environment and its warm approach to cryptocurrencies. According to him, this combination has positioned Chile as a strong hub for crypto innovation.
In addition to the Santiago hub, TFH has also started to make its presence felt in Vina del Mar and Concepcion due to the increasing demand. This move accompanies Worldcoin’s ability to connect with various demographic segments in Chile.
WLD Price Analysis
As a result, Worldcoin (WLD) regained dominance in the market, causing the price to rise from the lowest level of $0.9758 in the past 24 hours to a 30-day record level of $1.70. Buyers gained enough upward momentum to push the prices above $1.70. The next observable resistance level appears to be around $2. However, if bears take control of the market, a downward movement could be possible, with potential support levels at $1.50 and $1.30.
The market capitalization and 24-hour trading volume of WLD increased by 7.28% and 62.68% respectively, reaching $220,968,779 and $128,491,025. This increase in market capitalization and trading volume also indicates high investor interest in Worldcoin (WLD).
