Worldcoin (WLD)

Worldcoin (WLD) is a cryptocurrency project combined with a global digital identity system, co-founded by Sam Altman, the CEO of OpenAI.

Worldcoin (WLD) is a cryptocurrency project and global digital identity system co-founded by Sam Altman, also the CEO of OpenAI.

Now, WLD is trading around $1.50 with a total market capitalization of over $2 billion, ranking 68th in the cryptocurrency market.

Internal Factors of the Worldcoin

Worldcoin was founded in 2019 by Sam Altman, Alex Blania, and Max Novendstern, with Altman being the most prominent figure (also serving as the CEO of OpenAI). The project has secured over $250 million in funding from major venture capital firms such as a16z and Khosla Ventures.

Most recently, in May 2025, Worldcoin (now rebranded as “World”) secured an additional $135 million through a direct token sale of WLD to two venture capital firms: a16z and Bain Capital Crypto.

This capital injection demonstrates strong backing from major investors and provides the necessary resources for the project to pursue its long-term vision. Worldcoin aims to build the world’s largest identity and financial network, targeting a user base of billions.

The core focus is solving the “Proof of Personhood” problem, distinguishing real humans from bots or AI in a future dominated by artificial intelligence. Each user, after downloading the World App and registering, must physically visit an Orb (a spherical device) to scan their iris and create their unique World ID.

The scanning process uses multispectral sensors to verify the uniqueness of the iris, and the image is deleted immediately on the device.

Tokenomics & On-Chain Activity

Worldcoin’s initial token allocation is structured as follows:

On-chain data shows WLD’s circulating supply has grown steadily due to ongoing token distribution. At the time of the token’s debut in July 2023, only around 100 million WLD were in circulation. By late April 2025, circulating supply jumped to around 1.3 billion WLD, or 13% of total supply.

After selling tokens to a16z and Bain Capital Crypto, circulating supply rose to about 1.51 billion WLD, or 15%.

Though the sale caused mild dilution, wallets with 1–10 million WLD now hold 798 million — over half the supply.

Sentiment data shows whale wallets added 13 million WLD in just the last week of April. This steady accumulation shows that major investors trust WLD’s long-term value at current prices — a bullish sign.

Recent data from Arkham Intelligence also highlights the concentration of WLD holdings in prominent entities. The Optimism wallet holds about 2.85% of WLD, while Bithumb holds 1.36%.

These allocations suggest that a significant portion of the supply is held by Layer 2s and exchanges, which could be related to Worldcoin’s listing strategy.

On the other hand, the team and early investors still hold about 23.3% of the total supply. As these tokens unlock over time, selling pressure may increase if stakeholders decide to take profits.

However, in the next few months, token unlocks from the team and treasury remain minimal. Moreover, the recent purchases by a16z and Bain suggest that they may intend to hold their tokens for the long term. Most of the selling pressure currently comes from users who receive monthly token grants and sell them.

Dune Analytics data shows that millions of WLD are being distributed monthly to both new and existing users. For instance, 1 million new users receive 16 WLD, 6 million users get 3 WLD, and so on. This contributes to an increase of approximately 34 million WLD in monthly circulation.

Progress of “Iris Scanning” Deployment

Since its official launch in July 2023, Worldcoin has been expanding its network of Orb devices globally. The project reports that it has deployed around 1,500 Orbs in total across 35 cities in over 20 countries, with a strong presence in Europe, Asia, and Latin America.

By the end of April 2025, Worldcoin had verified over 12.5 million users in 160 countries. In May 2025, the project finally launched in the United States, deploying Orbs in six major cities (Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco) and setting up "World Spaces" as user experience centers tailored to the American market.

Additionally, Worldcoin has formed partnerships with Kalshi — a licensed prediction market platform, and Morpho — a decentralized lending protocol, to integrate its World ID, aiming to expand the use cases for its unique digital identity system.

Worldcoin's vision is gradually unfolding: expanding its user base while building real-world applications