Worldcoin launches exclusive L2 network World Chain, WLD token price remains unresponsive

Worldcoin announced the launch of World Chain on April 17th, aiming to prioritize human users, improve efficiency, and incubate Web3 projects for real-world practical applications.

L2 Project World Chain

World Chain is the exclusive L2 network for Worldcoin, based on OP Stack technology. According to an announcement by Optimism, World Chain will be part of the superchain, allowing interaction with public chains such as Base, Mode, OP Mainnet, and Zora, and will actively participate in Optimism governance in the future.

The genesis NFT of World Chain is also currently open for minting.

Worldcoin market cap breaks $1.1 billion, executives hint at "major announcement"

Thank you all for 5 million orb verified World IDs & an incredible response to World Chain ⚪️ That's reason to celebrate.https://t.co/yl3e40koAo

— Worldcoin (@worldcoin) April 17, 2024

World Chain further enhances real user experience

Worldcoin's Chief Operating Officer, Tiago Sada, told Cointelegraph that while World Chain is similar to other Ethereum L2s, its uniqueness lies in prioritizing human users over bots, as blockchain congestion is often caused by bot activity.

Typically, every account is competing for block space. Since bots can act faster and bid higher than humans, the network is flooded with bot transactions, leaving humans with the remaining blocks. Many times, humans don't even have a chance to participate.

World Chain attempts to address this issue by prioritizing transactions from verified World ID users, creating a permissionless network that ensures transactions from World ID users are included in the blocks, while the remaining block space functions like other public chains.

World ID users will also receive free Gas quotas to reduce barriers for new users, and ultimately, transaction bots and advanced users on the chain will pay Gas for casual end users.

Worldcoin hits all-time high and then retraces

Worldcoin's WLD did not see significant gains, dropping by 60% after hitting a historic high of $11.9 on March 10.