Connect with us
Active Currencies 14777
Market Cap $2,547,143,266,994.00
Bitcoin Share 51.26%
24h Market Cap Change $0.37

Worldcoin has new decentralization plans: What does WLD stand to gain?

2min Read

The recent roadmap has elements showing that Worldcoin may solve one of its challenging issues through…

Worldcoin news

Share this article

  • The number of Worldcoi new addresses may increase because of the development.
  • WLD circulation fell but sentiment turned positive.

After being affected by the Sam Altman- OpenAI controversy, Worldcoin [WLD], led by the Tools for Humanity team, has an update of its own. According to the Worldcoin Foundation, it has outlined plans to decentralize its eye-scanning ecosystem. 

The foundation also noted that it plans to provide a $5 million grant to developers interested in helping it decentralize the network.

Worldcoin’s launch in July did not come without concerns. At different times, several governments, as well as privacy activists questioned the project’s commitment to protecting the privacy of its users.

Decentralization means WLD can…

While Worldcoin provided some answers, it wasn’t convincing for some parties. This led some of the government agencies to place a ban on Worldcoin’s operations in their jurisdiction.

However, the recent roadmap has elements showing that it could be working towards solving this issue.

For WLD, its price has not been able to reclaim the All-Time High (ATH) it reached a few weeks ago. However, the cryptocurrency recently has stayed above $2. In terms of the effect on the price action, it was uncertain if the development would have an impact.

However, the new roadmap could influence Worldcoin’s network growth. According to AMBCrypto’s analysis of Santiment data, Worldcoin’s network growth was down to 786.

Worldcoin network growth and development activity

Source: Santiment

Network growth measures the number of new addresses interacting with a project. So, the decrease in the metric implies that traction on Worldcoin was low.

However, if Worldcoin convinces users that it was not misusing data, then new addresses may flock to the network.

Players, watch out for the potential changes

Development activity is another metric that could be affected. From the chart above, development activity on Worldcoin was at its lowest since September. This drawdown suggests that the project has not integrated new features of late. 

But with the grant coming to developers, we could see a positive change in this metric. AMBCrypto also considered WLD’s circulation. As of this writing, the one-day WLD circulation was 695,000.

This number was a substantial decrease from the hike on the 1st of December.  Circulation is a function of token usage. So, the drop in circulation means that fewer WLD tokens have been engaged in transactions. 

Per the Weighted Sentiment, on-chain data showed that the perception around Worldcoin has changed.

On the 5th of December, the Weighted Sentiment was -0.224. However, press time data showed that the metric was now positive at 1.139.

Worldcoin development activity and WLD circulation

Source: Santiment

How much are 1,10,100 WLDs worth today?

The Weighted Sentiment reading implies that market players are bullish on WLD.

Also, participants might be on the lookout for major developments from the project. If Worldcoin begins full implementation of the roadmap soon, then WLD’s price direction may turn around. 


Victor is a full-time journalist at AMBCrypto. Before his sojourn into the world of journalism, he was a “buy the top, sell the bottom” merchant while doubling as a sales funnel copywriter. Victor’s focus is the exciting on-chain landscape of the cryptocurrency market and its underlying technology. His other interests include politics, Afrobeats, sports, and marketing.
Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.
Please check the format of your first name and/or email address.

Thank you for subscribing to Unhashed.