Investing in #criptomonedas and specifically in Worldcoin ($WLD) $BTC through its "World App" is a matter with many nuances and significant risks, especially in the long term. It is not comparable to a traditional investment and presents unique challenges.
Here we break down the long-term viability and profitability of Worldcoin and its World App
Worldcoin (WLD) and World App: The Concept
Worldcoin is an ambitious project that seeks to create a global digital identity (World ID) and a decentralized financial network. Its main method for verifying "humanity" is iris scanning through a device called "Orb." In exchange, users receive Worldcoin tokens (WLD).
The World App is the application that facilitates these transactions and allows users to manage WLD and other digital assets.
Long-Term Viability: With Big Questions
The long-term viability of Worldcoin is subject to a number of factors, and many experts have legitimate concerns:
* Privacy and Biometric Data: The mass collection of iris data raises serious concerns about privacy and data security. Several countries (such as Spain, Portugal, Argentina, Germany, Brazil, India, and Kenya) have initiated investigations or have banned its operations due to these regulatory concerns. If they fail to overcome these regulatory and public trust barriers, their viability would be severely compromised.