The Worldcoin Protocol is now live and its native token WLD is transactable on the blockchain.

On July 24, the protocol done its migration to the OP Mainnet, a Layer 2 blockchain developed by Optimism.  The originate follows 18 months of beta checking out and over 2 million signal-ups.

The Worldcoin Foundation, the entity behind the project, furthermore unveiled plans to scale its iris-scanning Orbs which attend as biometric verification gadgets.

After scanning their eyeballs, customers will acquire a obvious World ID, the project’s privacy-keeping resolution designed to advise a particular person is human. The Worldcoin Foundation expects to deploy 1,500 Orbs to twenty countries for the duration of the globe over the next couple of months. The Orbs can presently be chanced on in Berlin, London, Dubai, Mexico Metropolis, Miami, Unique York, San Francisco, Seoul and Tokyo.

Users will furthermore acquire cryptocurrency after proving their original personhood, within the include of the protocol’s newly launched WLD token. On the opposite hand, WLD tokens are now not meant to be accessible for residents of the U.S. and other restricted territories.

The WLD token surged 31% because it used to be listed on plenty of important exchanges on Monday. The token’s present would perchance be capped at 10 billion tokens for 15 years, after which governance members would determine future token allocations and a desired inflation price.

Serene, critics took squawk with WLD’s tokenomics, with some market members likening the proposed distribution to Sam Bankman-Fried’s Solana playbook with exact 1% of the final token present in circulation. At originate, 143 million WLD tokens were issued, of which 100 million used to be distributed to market makers and the final used to be position to be distributed to those investors who had verified their identification for the duration of Worldcoin’s beta section.

Alternate watchers, including Ethereum’s Vitalik Buterin, furthermore raised concerns over some facets of Worldcoin’s proof-of-personhood device. According to Buterin, four important disorders that straight arrive to mind with the protocol’s construction are centered spherical privacy, accessibility, centralization and security.

“The Orb is a hardware instrument, and we scheme now not include any arrive to ascertain that it used to be constructed accurately and doesn’t include backdoors. Therefore, even supposing the instrument layer is ideal and fully decentralized, the Worldcoin Foundation restful has the flexibility to insert a backdoor into the device, letting it scheme arbitrarily many false human identities,” acknowledged Buterin.

(Worldcoin cofounder Alex Blania addressed a majority of these criticisms in an episode of Unchained Top price earlier this yr.)