As the price of Bitcoin increases, altcoin teams are looking for ways to positively diverge during this process. One of the most important things they can do is make announcements. News like partnerships, grant programs, new products, and network improvements can increase altcoin prices. The WLD Coin team did just that.
Worldcoin Foundation, the organization behind the Worldcoin protocol founded by OpenAI CEO Sam Altman, announced a $5 million community grant program today. Developers will be able to create applications related to identity verification and much more on Worldcoin.
Developers should launch initiatives focusing on products using Worldcoin and World ID to benefit from three different grant programs and work at the intersection of privacy and biometrics. Especially criticized for personal data security, the Worldcoin project has attracted the attention of regulators around the world. Challenging legal processes may occur in Europe and other countries.
Striving to protect against regulatory risks, the team is working to make the project completely decentralized. Alex Blania, co-founder and CEO of Humanity’s Tools, said, “In five years, neither Sam nor I will have any significance regarding what happens with Worldcoin. It’s a process, and that’s how we think about it.”
Following the news, the price of WLD Coin rose above $2.5. Investors should conduct their transactions based on their own research, considering the high volatility and risks of cryptocurrencies.