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Worldcoin (WLD), aiming to build the world’s largest identity and finance network, has announced the launch of a new feature while facing investigations by regulatory authorities around the world. Sam Altman, the founder and CEO of ChatGPT, announced the new reservation feature that allows unverified users to reserve WLD tokens.
Worldcoin Launches Reservation Feature for WLD Token
Worldcoin announced that the World App now offers a reservation feature to facilitate the acquisition of WLD tokens by users. With this feature, users can reserve their WLD tokens without verifying their World IDs. To use the reserved WLD tokens, users will need to visit an Orb within 12 months and verify their identities through iris scanning.
Users who want to reserve WLD tokens need to download the World App. Once the application is downloaded, the reservation feature can be used when WLD tokens become available. After completing identity verification at an Orb, the reserved tokens will be released for the user’s use.
Despite significant growth in upgrades, new feature announcements, and the user base that has undergone identity verification, the price of WLD token continues to be under selling pressure. Amid various concerns raised by experts about the project, the price of WLD token is currently at $1.70, a significant decrease of 4.38% in the last 24 hours, well below its record of $3.58 during the launch period.
Worldcoin Under Review Pressure from Regulators
Regulatory agencies from around the world have launched investigations into the Worldcoin project, citing privacy and security concerns. Following the investigations initiated in Europe, Worldcoin has also faced investigations in Africa, starting from Kenya. Experts, including Ethereum creator Vitalik Buterin, have expressed their concerns about privacy and security regarding the project. Poor design, privacy and security issues related to Orb, and some business decisions of the company have led to Worldcoin failing to gain the support it expected from the cryptocurrency world.
Lastly, the Argentine Public Information Access Agency has initiated an investigation into Sam Altman’s Worldcoin project, citing concerns about data privacy. As part of the investigation, the agency will examine how the project stores data and how it uses personal information.
