- The number of new Worldcoi addresses may increase due to the development.
- WLD circulation fell, but sentiment became positive.
After being influenced by the Sam Altman vs. OpenAI controversy, World currency [WLD], led by the Tools for Humanity team, has its own update. According to the Worldcoin Foundation, this is the case outlined plans to decentralize its eye scanning ecosystem.
The foundation also noted that it plans to provide a $5 million grant to developers interested in decentralizing the network.
The launch of Worldcoin in July was not without concerns. Various governments and privacy activists have at various times questioned the project’s commitment to protecting the privacy of its users.
Decentralization means that WLD…
Although Worldcoin provided some answers, it was not convincing to some parties. This prompted some government authorities to impose a ban on Worldcoin’s activities in their jurisdiction.
However, the recent roadmap contains elements showing that it could work towards solving this problem.
For WLD, the price has failed to regain the All-Time High (ATH). reaches a few weeks ago. However, the cryptocurrency has recently remained above $2. In terms of the effect on price action, it was uncertain whether the development would have an impact.
However, the new roadmap could impact Worldcoin’s network growth. According to AMBCrypto’s analysis of Santiment data, Worldcoin’s network growth had fallen to 786.
Source: Santiment
Network growth measures the number of new addresses interacting with a project. So the decrease in the metric implies that traction on Worldcoin was low.
However, if Worldcoin convinces users that it has not misused data, new addresses could arrive on the network.
Players, beware of the possible changes
Development activity is another metric that can be influenced. The chart above shows that development activity on Worldcoin was at its lowest since September. This decline suggests that the project has not integrated new features recently.
But with the subsidy coming to developers, we could see a positive change in this metric. AMBCrypto also took the circulation of WLD into account. At the time of writing, WLD’s one-day circulation was 695,000.
This number was substantial decrease of the walk on December 1. Circulation is a function of token usage. The decrease in circulation therefore means that fewer WLD tokens have been involved in transactions.
According to the weighted sentiment, on-chain data showed that the perception around Worldcoin has changed.
On December 5, the weighted sentiment was -0.224. However, press time data showed that the statistic was now positive at 1,139.
Source: Santiment
How many Worth 1,10,100 WLDs today?
The weighted sentiment value implies that market players are optimistic about WLD.
Participants can also look forward to important developments from the project. If Worldcoin starts full implementation of the roadmap soon, WLD’s price direction could reverse.