Ultraman is set to launch “World Chain”! Designed for all humanity, it will be available online this summer at lightning speed. What is the underlying purpose behind this?

“Worldcoin Announces Launch of ‘World Chain’ – Designed for All Humanity, Set to Go Live this Summer”
The cryptocurrency project “Worldcoin,” founded by Sam Altman of OpenAI in 2020, has gained global attention and sparked debates since its launch. Recently, the Worldcoin team announced its plans to introduce a brand-new blockchain called “World Chain,” which is expected to go live this summer.
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The development of World Chain will utilize Optimism’s “Superchain,” a layer 2 provider, which means that World Chain will be built on top of the Ethereum blockchain and transactions can be conducted using Ether (ETH). The project’s original token, Worldcoin (WLD), can also be used to pay for transaction fees (Gas Fee).
According to a post by Worldcoin on X, World Chain is a new blockchain designed for humanity and will be open to everyone.
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Worldcoin’s technology is used by 2 million users every day! What’s the Reason Behind the Launch of “World Chain”?
The official blog of Worldcoin states that there are currently 160 countries and over 10 million people who have created World IDs and wallets, and they have executed 75 million transactions using them. Among them, 5 million people have used the silver sphere to log in with iris recognition and verify their World IDs. Tiago from Worldcoin also mentioned that the average user of Worldcoin accounts for 44% of Optimism’s activity, sometimes even exceeding 90%. There are over 2 million active users of Worldcoin’s technology every day.


Currently, the average user of Worldcoin accounts for 44% of Optimism’s activity.
Tiago Sada, an advisor to the Worldcoin Foundation, said that the reason behind the decision to build a brand-new blockchain, World Chain, is to improve user experience and the state of blockchain usage, allowing a large number of new users to join continuously. Existing users will also enjoy faster, cheaper, and more reliable transactions. The first step is to create a dedicated network.
For developers, World Chain will create an ecosystem consisting of decentralized financial and identity applications, providing a place for widespread user engagement on the chain. After all, there are already over 10 million users from 160 countries/regions who can explore and use chain applications through compatible wallets. The future development of the ecosystem will also focus more on practicality in daily life.
Furthermore, a significant amount of effort has been invested in reducing transaction fees (Gas Fee) on most blockchains in the hope of making the network more user-friendly. However, when transaction fees become cheaper, it becomes more likely to see an increase in the number of bots participating in activities on the chain, leading to higher transaction fees and network congestion.


Tiago Sada states that World Chain will be open to anyone, including bots, for conducting transactions on the chain. However, verified users will have priority block space and faster processing.
By migrating the Worldcoin project to a completely self-built network, Tiago Sada hopes to provide existing users with faster and cheaper transactions and attract more users to join the ecosystem.
References:
worldcoin, decrypt, coindesk
Proofreading and Editing: Gao Jingyuan