A video from 2021 is making rounds on Reddit where Worldcoin University attempted to make a case for why Worldcoin WLD/USD is superior to Bitcoin BTC/USD.
What Happened: The video, shared by on-chain investigator ZachXBT on Nitter on Oct. 24, 2021, features a man promoting the initiative and explaining the reasons behind Worldcoin’s potential superiority over Bitcoin.
“Worldcoin can be even better than Bitcoin, and the reasons for that are… Bitcoin is very valuable but cannot be used every day because it is in the hands of very rich people. However, the reason why Worldcoin will be better than BTC is because we aim to give it to every person in the world,” the presenter stated in the video attributed to “Worldcoin University.”
The week following Worldcoin’s transition out of beta witnessed a dramatic increase in weekly global World ID verifications, surpassing 100%. This growth in demand signifies a sustained rise in global interest in World ID as a standalone product.
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Why It Matters: The blog post from Worldcoin notes, “What’s noteworthy here is that the rate of World ID verifications had already doubled once in 2023. Between January and July, World ID sign-ups went from one million to two million in less than half the time it took to reach the first million. Last week’s 2X growth in weekly World ID sign-ups demonstrates a sustained increase in global demand for World ID as a standalone product.”
Sam Altman’s Worldcoin’s vision revolves around the creation of a universal identification mechanism based on iris scans, aiming to prove an individual’s humanity and uniqueness. The project argues that in an economy where artificial intelligence agents play an increasing role, such a mechanism could be crucial. However, the process of collecting biometric data and the signup procedures in developing countries have faced criticisms that include accusations of exploitation.
Price Action: At the time of writing, WTC was trading at $2, up 4% in the last 24 hours, according to Benzinga Pro.
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