The Worldcoin Foundation is planning to switch the payment method for orb operators, who enroll individuals into the Worldcoin network, from USDC stablecoins to WLD tokens. This transition is anticipated to be completed by next month, as per an announcement not visible to U.S. users.
Furthermore, the Foundation provided an update on the circulating supply of the WLD token, which has now surpassed 1% of the total supply of 10 billion tokens. Out of the roughly 134 million WLD tokens issued, 100 million were loaned to market makers, while 34 million were granted to users and orb operators.
In light of the loans expiring on October 24, Worldcoin revealed its intention to extend the agreements until December 15 of this year, albeit with a reduced quantity of 75 million tokens. Market makers are expected to either return or purchase the remaining 25 million tokens under the renewed terms.
Despite challenges mentioned by Sam Altman, Worldcoin’s co-founder renowned for establishing OpenAI, the company responsible for ChatGPT, the distribution of Worldcoin’s tokens through grants seems to be steadily expanding over time, following an initial phase of heightened adoption.