{"id":546045,"date":"2023-08-07T17:00:50","date_gmt":"2023-08-07T17:00:50","guid":{"rendered":"https:\/\/uniquehot.com\/?p=546045"},"modified":"2024-06-11T14:39:21","modified_gmt":"2024-06-11T14:39:21","slug":"is-worldcoin-just-another-luna-crypto-influencer-reveals","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/is-worldcoin-just-another-luna-crypto-influencer-reveals\/","title":{"rendered":"Is Worldcoin Just Another LUNA? Crypto Influencer Reveals"},"content":{"rendered":"
Worldcoin (WLD) has recently emerged as a subject of fervent discussion especially due to its biometric data collection through retina scans. Its launch came in amid the growing interest in decentralized finance (DeFi) and blockchain technology as well as new tokens and projects constantly striving to stand out and make a significant impact.<\/span><\/p>\n Among the voices guiding investors through the labyrinthine world of crypto is Jordi Alexander, a renowned crypto influencer and the chief alchemist of the Mantle Network. Recently, he stirred conversations<\/a> by drawing a parallel between Worldcoin and LUNA, though not entirely for auspicious reasons.<\/span><\/p>\n According to the crypto influencer, Worldcoin might just be the next LUNA given some factors that comes with the token’s objective which makes it similar to\u00a0LUNA which was portrayed<\/a> as a “new digital currency” that needed to “maximize adoption in order to become useful.”<\/span><\/p>\n The most important thing you need to know about Worldcoin is that it aims to become a currency.<\/p>\n An unbacked currency used for monetary transactions.<\/p>\n A.K.A. base money. Sound familiar? pic.twitter.com\/9MdLAnqqEQ<\/a><\/p>\n \u2014 Jordi Alexander (@gametheorizing) July 29, 2023<\/a><\/p><\/blockquote>\n Worldcoin<\/a>, under the vision of Sam Altman – the brains also behind ChatGPT, has made headlines with its mission. The Worldcoin Foundation envisions creating the largest decentralized identity and financial network on the globe.<\/span><\/p>\n Central to this vision is Worldcoin\u2019s native token, WLD. For the project to be successful, WLD’s widespread adoption is imperative, as is its ability to service the “Orbs” used in the new user onboarding process via retina scans<\/a>.<\/span><\/p>\n Lets put aside the eyeball scanning weirdness.<\/p>\n And the VC allocations and Market Maker deals, the ZK-proofs and the Low-float tokenomics.<\/p>\n —-> The crypto-economics of Worldcoin are ill-considered and potentially very dangerous.<\/p>\n Here’s why $WLD<\/a> might become the next $LUNA<\/a>– \ud83e\uddf5 pic.twitter.com\/0LTjJMGI8s<\/a><\/p>\n \u2014 Jordi Alexander (@gametheorizing) July 29, 2023<\/a><\/p><\/blockquote>\n In his discussion<\/a> on Crypto Banter, Alexander elaborated on Worldcoin’s goal to position WLD as an alternative to fiat currencies. Their agenda to become a digital base currency mimics the aspirations that LUNA once held. <\/span><\/p>\n The gravity of this comparison is substantial, especially when considering LUNA’s precipitous fall from grace due to financial challenges.<\/span><\/p>\n While drawing parallels with LUNA, Alexander’s intent wasn\u2019t to prophesize an equivalent success for Worldcoin<\/a> but rather to signal the risks of potential downfall. A primary concern\u00a0<\/span>centers around the controversial methods that Worldcoin employs, notably, collecting biometric data through retina scans.<\/span><\/p>\n\n
The Rise Of Worldcoin And Its Ambitions<\/span><\/h2>\n
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Trillion-Dollar Bubble In The Making?<\/span><\/h2>\n