Worldcoin aims to spread its orb network to 35 cities in 20 countries by the end of 2023. You’ll be able to find an orb in places like India, Brazil, Mexico, and Nigeria, among others. In India, for instance, you can spot an Orb in Delhi and Bengaluru. You can dig more into its global locations right here.

Worldcoin Price Prediction

After over three years in development, Worldcoin crypto officially launched on July 24, 2023. Since then, its token price has skyrocketed from $0.15 to nearly $2 as of July 31, 2023.

However, the journey hasn’t been all roses and rainbows. The company’s ambitions are currently wrestling with US regulators’ restrictions on digital assets over fears of cryptocurrencies being a conduit for speculation and fraud. As a result, Worldcoin tokens will initially be unavailable in the US.

Altman, one of the brains behind Worldcoin, addressed this in an interview with the Financial Times: “When we started thinking about this, we didn’t envision a ‘world minus the US coin,’ yet here we are.” But he remains undeterred, stating, “I’d say there’s 95 per cent of the world’s population not in the US. The US does not make or break a project like this.”

Surveying various Worldcoin price predictions reveals a generally bullish outlook. A summation of these forecasts suggests a low-end prediction of $3.8, a high of $5.2, and an average of about $4.5 by the end of 2025. Despite inherent uncertainties, the prevailing optimism points towards a promising future for Worldcoin.

In my quest to uncover more about Worldcoin price and Worldcoin price predictions, I stumbled upon a somewhat perplexing revelation. It seems we’re not dealing with just one ‘Worldcoin.’ An entirely separate project under the same name has been around since 2013, existing long before the Worldcoin we’ve been exploring in this article. This older blockchain project operates under the ticker WDC, adding a layer of complexity when trying to discern information specific to our Worldcoin.

This isn’t the only naming crossover either. The ticker WLD, associated with the current Worldcoin project, appears to have had a previous life as well. It was once linked to another crypto venture known as Wolf Works DAO. As such, when seeking out Worldcoin price or Worldcoin price predictions, it’s essential to be sure you’re pulling data for the right crypto entity. So don’t let these overlapping names catch you off guard. Remain discerning and ensure you’re looking at the right Worldcoin.

The Dark Side of the Worldcoin: Controversies and Accusations

Ever since last year, Altman and his startup OpenAI, the creator of ChatGPT, have been under the public eye, largely due to the escalating interest in artificial intelligence.

Worldcoin has managed to reel in investments from some of the most prominent venture capital firms of Silicon Valley, such as Andreessen Horowitz and Blockchain Capital.

Interestingly, Blockchain Capital’s Spencer Bogart, who initially criticized the project, later commended it for offering “the most compelling solution” against Sybil attacks. These attacks occur when a hacker creates multiple identities to seize control of an online network.

Despite the fervent followers, Worldcoin has also had its fair share of skeptics. Upon its grand “We’re here!” announcement in October 2021, the project faced immediate backlash. A significant portion of the critique focused on Worldcoin’s privacy protocols, particularly since the company had yet to release a white paper or open its code for external review. Adding fuel to the fire, a Gizmodo report claimed that people in China were purchasing iris scans from the black market to access the Worldcoin beta network, which verifies KYC for the World App.

Further skepticism was directed at the company’s claims of promoting fairness when 20% of the coins had already been allocated: 10% for Worldcoin’s full-time employees and another 10% for investors like Andreessen Horowitz.

Worldcoin’s tactics to attract new users also drew criticism. A deeply probing article by MIT Technology Review highlighted questionable strategies, including deceptive marketing practices. The investigation raised concerns about Worldcoin’s methods of gathering biometric data from developing countries such as Indonesia, Kenya, and Colombia during the project’s testing phase. The report suggested that the company collected more personal data than it admitted, used misleading marketing techniques, and failed to secure informed consent from users. If you’re intrigued by the future of this project, I definitely recommend that you read that article as it could provide some valuable insights.

However, Worldcoin has responded to these issues by ensuring users’ privacy. The company asserts that once its systems are optimized, it plans to anonymize and obliterate users’ biometric data.

Despite storing thousands of iris scans to train its algorithms, the company has yet to set a definite timeline for data deletion.

In defense, a Worldcoin spokesperson stated, “The only personal data that leaves the Orb is a message containing a numerical representation of the most important features of the image, the iris code, to validate uniqueness.”

How Do You Get Worldcoin?

If Worldcoin piques your interest and you’re considering getting involved, here’s how to proceed: You’ll first need to download the World App and subsequently arrange a visit to a Worldcoin operator who operates the orb. The orb, a silver globe about the size of a bowling ball, will perform an iris scan to verify your human status and thereby create your unique World ID. Once the process is complete, you’ll find some complimentary WLD crypto in your wallet, ready for use or safekeeping as you see fit.