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đŸ”ș Worldcoin Announces Launch of World Chain to Boost Efficiency Worldcoin, led by Sam Altman, is set to launch its new Layer-2 blockchain, World Chain, which aims to enhance transaction efficiency. This summer, Tools for Humanity, the main developer behind Worldcoin, will release the protocol built on the Ethereum network. World Chain aims to boost security and accessibility by prioritizing verified humans. It will allocate them priority block space and offer free gas, effectively reducing the influence of bots.  This integration ensures a seamless connection with the existing Worldcoin ecosystem, which focuses on authenticating human identity through iris scans, known as Orb verification. To date, this initiative has attracted over five million registrations. đŸ”ș Addressing Regulatory Challenges Additionally, the recent development addresses compliance and regulatory concerns across multiple jurisdictions. The introduction of Personal Custody and the Unverify World ID option reflects their commitment to user privacy, utilizing zero-knowledge proofs to protect personal data without compromising network integrity. This initiative marks a step in Worldcoin’s strategy to improve user experience and scalability, ensuring the platform remains a key player in the digital identity. $WLD #WLD #Worldcoin​

đŸ”ș Worldcoin Announces Launch of World Chain to Boost Efficiency

Worldcoin, led by Sam Altman, is set to launch its new Layer-2 blockchain, World Chain, which aims to enhance transaction efficiency. This summer, Tools for Humanity, the main developer behind Worldcoin, will release the protocol built on the Ethereum network.

World Chain aims to boost security and accessibility by prioritizing verified humans. It will allocate them priority block space and offer free gas, effectively reducing the influence of bots. 

This integration ensures a seamless connection with the existing Worldcoin ecosystem, which focuses on authenticating human identity through iris scans, known as Orb verification. To date, this initiative has attracted over five million registrations.

đŸ”ș Addressing Regulatory Challenges

Additionally, the recent development addresses compliance and regulatory concerns across multiple jurisdictions. The introduction of Personal Custody and the Unverify World ID option reflects their commitment to user privacy, utilizing zero-knowledge proofs to protect personal data without compromising network integrity.

This initiative marks a step in Worldcoin’s strategy to improve user experience and scalability, ensuring the platform remains a key player in the digital identity.

$WLD #WLD #Worldcoin​

Aviso legal: Se incluyen opiniones de terceros. Esto no representa asesoría financiera. Lee los TyC.
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đŸ’” How to make money from meme coins Friends, I decided today that you and I would explore the topic of meme and shit coins a little bit. In this post, I mentioned it in passing. Let me start with the basic concepts: Meme coins are tokens based on internet culture that don't always have fundamental values or a clear purpose. (e.g. SHIBA, DOGE, PEPE). Shitcoins are crypto with low capitalization and limited utility.  Shitcoins are characterized by their low-value technology and are mostly projects of questionable reputation.  📑 Their main differences from other cryptocurrencies are: 1. Lack of utility and functionality 2. aggressive marketing 3. High volatility 4. Longevity The most popular networks for creating shit coins are: ‱ Ethereum (popularity 10/10) ‱ Solana (10/10 popularity) ‱ Base (popularity 9/10) These are the ones we will be working in. And our main weapon will be sniping.  🚀 Sniping is an attempt of preliminary (frontrunner) purchase of some coin. For example, I have a contract of a coin that has not yet been released to open trade. I naturally want to buy it first at the lowest price. #meme #memecoins
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👀 Worldcoin Forays into Peru with World ID Verification, Addressing Rising Demand Worldcoin is now expanding to Peru with the goal of revolutionizing digital identification.World ID orb verifications are now accessible in the Peruvian city of Lima. Sam Altman’s Worldcoin has accomplished yet another great feat. The fact that the organization has expanded its World ID verification program to Peru demonstrates its determination to increase its influence throughout the world. With the support of Worldcoin’s Orb verification—an essential part of World ID verification—the project has made great progress, with notable advancements in Argentina and Singapore, and it is now expanding to Peru with the goal of revolutionizing digital identification. Worldcoin’s native token, WLD, is now experiencing a price decline but is still in a good position to gain from this growth, which has attracted a lot of investor interest. đŸ”ș Increasing Demand Contemporary, open-source, permissionless digital identification system World ID Verification allows users to confirm their humaneness online without compromising their privacy. The primary tool for this verification is Worldcoin’s Orb, which scans a user’s irises to generate an iris code, which is then used to generate a separate digital identity. World ID orb verifications are now accessible in the Peruvian city of Lima. Anyone in Peru who is at least 18 years old may use this platform to verify their humanity. More than 800 Peruvian participants, or 90% of the total, indicated a need for technological solutions to distinguish between people and internet bots in a March research. In addition, 84% of respondents said that future solutions should prioritize methods that differentiate robots from people. Worldcoin seems to have seized this chance and unleashed a countrywide tsunami with their World ID verification. Almost half a million World ID verifications were registered as part of its development efforts in Argentina, as indicated before. $WLD #WLD #Worldcoin​
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📣 Terraform Labs, founder Do Kwon likely face $5.3 billion fines on the two year anniversary of the crisis 🔾 Two year anniversary of Do Kwon’s promise to deploy more capital On May 9, Do Kwon assured the Terraform community that he is deploying more capital to tackle the de-peg of algorithmic stablecoin UST. On May 11, Kwon presented a strategy to re-establish UST’s peg. Kwon’s tweet from 2022 has resurfaced on X. In the two years since Kwon’s tweet, the US Securities and Exchange Commission (SEC) has asked a New York court to impose $5.3 billion fines on Terraform Labs and founder Do Kwon. The regulator has asked for a hefty penalty for the entities role in the $40 billion implosion of the Terraform ecosystem tokens. The SEC has asked for $4.74 billion in legally mandated repayment of ill-gotten gains, and another $420 million from Terraform Labs and $100 million from the founder Kwon. The US financial regulator has justified the fines as a “conservative” but reasonable approximation of Terraform Labs and Do Kwon’s gains from the fraud. The court ruled that the two parties were found liable on civil fraud charges and court documents revealed $65.2 million sales of LUNA to institutional investors. The Luna Foundation Guard sold $1.8 billion of LUNA and UST. The collapse of the Terraform ecosystem, Kwon’s “ill-gotten gains” and the court fines are the aftermath of the $4 billion implosion in 2022 that tore down the glass houses of several crypto trading firms, lenders and resulted in a series of bankruptcies throughout 2022 and 2023. 🔾 Terra Foundation restricts access to TFL products for US based users In the light of recent court developments, the Terra Foundation made changes to its operations and announced that it will restrict access to some of its products and features for users in the United States. Open-source projects that TFL contributed to, such as the Terra blockchain and Alliance, remained unaffected. $LUNC #TerraLabs #DoKwon #LUNC
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