Hello Friends,
Good day to you all and I hope this weekend is going well for you.
Do you remember about Worldcoin? I hope some of you might be aware and those who are not let me help you. It is the project launched by the Chat GPT founder and the WLD token was distributed to the people performing verification. The project started with a lot of hype in the market because free open distribution was happening. There was another reason why it got more hype it was created by chat GPT founder Sam Altman. Which man is popular in India because of the chat gpt. We know what chat GPT is. I hope some of you also know what the Worldcoin project is. Chad GPT is still a popular AI tool many of us use.
For Worldcoin you can call it a crypto start-up by Sam Altman because this role in the CHATGPT project gave more hype to the WLD project. This project was available in so many countries including India. I have not gone through any verification. First I was not comfortable because I can't share my details with any project when I don't know how the information will be used. Secondly, I also could not visit any nearby sport where this process was ongoing because I couldn't locate any nearby to my location.
official website- https://worldcoin.org/world-chain
Now there is good news this project World Coin is working on to build a layer two blockchain solution. Layer two is going to be built on the ethereum blockchain. I have seen that most of the projects are chosen as ethereum for layer two development. Also, many projects are going through the layer-to-chain network for them which is why layer two is in demand and getting more attention from the crypto communities. Some good development and innovation can make this project again popular among people and I think they also need to be more careful with data handling.
Now people are more concerned about privacy so they want to know how their information will be handled. I have gone through their documentation in which the way they are going to handle the data is not correct. I can comment on this because I work in an organisation where data handling is very strict and the company don't use it for personal purposes and even they do not share it with any third party. Sharing anyone's data with another entity is a risky move and I think projects should refrain from doing this.
Conclusion
This time crypto market is gearing up for a bull run which we might see by the end of this year or maybe in the next year. I can't say when is it going to start because I'm not a professional or expert in this field. All I can say based on the information available on an open domain that things are in build. This world coin project is also big and some development along with their layer-to-chain can make them even more valuable. I don't know if it is good to invest in this project and in no way I am sharing any financial advice. I'm also not sure if I'll be investing in this project but I will surely keep an eye on this project's development and what they are trying to build. Maybe in future, I get to see more opportunities and can be part of it.
I have taken the image from the official website
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