Developers Gain Access to Worldcoin SDK, Token Transformation Underway
Developers can now unlock the potential of Worldcoin’s software development kit (SDK) as the project grants access to its beta version. This powerful kit allows for the creation of unique tools and applications using World ID, the project’s innovative identity protocol. To achieve full verification, users must undergo iris scanning with Orb, a custom device that generates a unique identifier from irises while ensuring no data is processed or stored locally.
Token Transformation
Worldcoin’s token transformation is also in progress. Tiago Sada, Head of Product, Engineering & Design at Tools for Humanity, explained that beta tokens will be converted, enabling users to utilize them within the World App or transfer them externally. The token is designed following the Ethereum ERC-20 model.
Regarding potential exchange listings for Worldcoin, Sada mentioned that it will depend on other parties’ decisions, indicating that developers play a significant role in shaping the future of the project.
Worldcoin’s advancements include migration to the Optimism network, an Ethereum Layer 2 scaling solution. Additionally, the availability of the Orb device is expanding globally. With only 200 Orbs currently publicly accessible, over 2 million individuals have undergone scanning. The goal is to produce 1,500 Orbs by year-end, offering scheduled appointments alongside pop-up sessions.
Worldcoin is headed by Sam Altman, co-founder of Open AI, with Tools for Humanity securing a $115 million Series C funding round in May. Leading players such as Blockchain Capital, a16z, Bain Capital Crypto, and Distributed Global have backed the project.
Alex Blania, Worldcoin co-founder, emphasized the importance of proof of personhood in the age of AI, highlighting the need for privacy-first, decentralized, and inclusive solutions. The project’s tokenomics is set to be revealed later.
With its potential to foster economic opportunities, establish a robust mechanism to differentiate humans from AI online, and potentially pave the way for AI-funded UBI (universal basic income), Worldcoin represents a remarkable global-scale experiment. While the project’s path is challenging and the outcome uncertain, it unveils an inspiring vision in our technologically driven era.
