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Source: Open Sea
NFT was launched by Worldcoin as a commemorative NFT for the launch of the World App on May 10.
The driving force behind the bottom price of the NFT Introducing World App may come from the Worldcoin identification project that continues to expand its ecosystem through a partnership with Optimism (Layer-2 on Ethereum).
On May 11, Optmism and Worldcoin announced their collaboration to develop the ecosystem. Worldcoin’s main products, World ID and World App, are currently available on the Optimism mainnet. This results in faster transaction confirmation times and lower costs.
Co-founder of Open AI (ChatGPT viral developer), Sam Altman, developed Worldcoin last year. Worldcoin has a metal sphere that scans the user’s retina for authentication. Along with a hard publication in the MIT Technology Review, Worldcoin started taking huge hits within weeks of its release. The review accused the developer of the cryptocurrency project, Tools for Humanity, of cheating and exploiting workers.
Worldcoin aims to create a new financial system by combining digital identity and global finance. The project plans to launch its own token, Worldcoin, later this year, which users in eligible countries can claim on a weekly or monthly basis.
For users new to Worldcoin, the World App will serve as a simplified crypto wallet. World App allows developers to use the biometrically verified human network. It will be a portal for World ID users to retrieve their World Coin allocation. The token is still not available for claims in the US, as the legal considerations and mechanisms of the claims process in other countries are still ambiguous.
On a typical day, it processes around 60,000 transactions and 25,000 global ID verifications from over 100,000 people worldwide.
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