The Internet Human Recognition Project World has just announced a major change to its tokenomics, confirming a significant reduction of over 40% in the WLD Token Lockup rate starting July 24th. This is XEM as an important move to control supply, improve market confidence, and support the long-term value of the WLD ecosystem.
World is a digital identity initiative linked to Sam Altman, CEO of OpenAI and co-founder of Tools for Humanity, the project's main developer. World's goal is to build a global identity infrastructure that allows for the differentiation of real people from bots and AI on the internet – an increasingly urgent issue in the age of AI explosion.
According to the latest announcement, the daily unlock rate of WLD Token Lockup will decrease by a total of 43%. Specifically, the community Token pool will be reduced to 50% of its previous rate, equivalent to approximately 1.6 million WLD per day. Meanwhile, Token for investors and the development team will decrease by 32%, to approximately 1.3 million WLD per day. This adjustment is XEM by the market as a step to limit long-term selling pressure.
Upon its launch on July 24, 2023, the project immediately unlocked 500 million WLD from its community allocation fund. The remaining approximately 9.5 billion Token are designed for a linear unlocking schedule spanning 15 years. To date, approximately 4.9 billion WLD – equivalent to 49% of the total supply – has been unlocked. This means that the long-term distribution phase of WLD still has a considerable amount of time ahead.
What makes World particularly noteworthy and attracts global attention is its ambition to build an “identity infrastructure for the AI era.” In the context of the explosion of deepfakes, automated bots, and AI-generated content, human verification is considered by many experts to be the new foundation of the internet. If successful, World could become one of the most important Web3 infrastructure projects related to digital identity.
