Fri, July 12

Sam Altman Led Worldcoin Postpones WLD Grant Redemption Date

Sam Altman Led Worldcoin Postpones WLD Grant Redemption Date Market News
  • The project’s native cryptocurrency, WLD, shot up in price today, surpassing the $2 mark.
  • Reservations made between July 24, 2023, and July 31, 2024, will be valid until July 31, 2025.

Notable update has emerged from Sam Altman’s co-founding company, Worldcoin, as they have decided to postpone the redemption date for WLD Grant Reservations. The project’s native cryptocurrency, WLD, shot up in price today, surpassing the $2 mark, thanks in large part to this update.

The Worldcoin Foundation recently announced a one-year extension of the redemption date for WLD grant reservations. Reservations made between July 24, 2023, and July 31, 2024, will now be valid until July 31, 2025. Thanks to an extension that was originally offered to enable users without a validated World ID to reserve WLD tokens.

More Accessible to Wider Audience

At the same time, they are accepting new bookings until July 31, 2024. This decision, they say in the statement, is in line with their goal of making the global economy accessible to everyone. So that many people may take part in their effort. Importantly, the goal of this update is to make the project’s ecosystem more accessible. So that more people may take part in its activities and reap their benefits at their own pace.

A developer preview of the Worldcoin Foundation’s forthcoming Layer 2 (L2) network was also introduced at the same time as the announcement. In preparation for the official mainnet launch this summer, a small group of developers has been granted access to this preview in order to investigate and evaluate the features of the World Chain network.

Sam Altman’s company is collaborating with Alchemy. In order to make use of their powerful infrastructure and developer tools, in addition to launching the developer preview. World Chain’s growth, especially in improving digital identification and blockchain technology solutions, can’t go further without this collaboration.

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An engineering graduate who is passionate about writing and loves the very existence of crypto. Trading forex currency keeps me busy when I am not writing and analysing the crypto world.