WorldCoin, the new cryptocurrency that recently launched with the goal of using artificial intelligence and biometric data to distribute crypto more widely than Bitcoin, has been generating a lot of buzz in the crypto community. The project's use of AI and management of large amounts of biometric data, however, could make it vulnerable to regulatory scrutiny. Despite this, WorldCoin has been predicted to potentially reach highs of $65 and an average price of $525 by the end of 2023.
One of the unique aspects of the WorldCoin project is its use of a hardware device called the Orb. This device is used to scan individuals' eyes and mint new coins. While this has the potential to make the distribution of WorldCoin more widespread, it also raises concerns about privacy and security. Additionally, WorldCoin is built as a layer 2 system that works on the Ethereum network and has a cap of 10 billion coins. The project has also announced a development roadmap, which includes a $5 million grants program to support developers in its eyescanning ecosystem. Overall, while WorldCoin has the potential to make a significant impact in the crypto space, it remains to be seen if it will be able to dethrone Bitcoin as the dominant cryptocurrency.