Worldcoin Foundation Launches Test Version of L2 World Chain Network. Currently, Developer Access Only

The Worldcoin Foundation is the organization behind the controversial cryptocurrency project that requires iris scanning. Worldcoin is growing at a surprising pace, which is why the foundation decided to launch a test version of the L2 World Chain network.

Worldcoin Foundation Launches L2 Network – Developer Tests Begin

The Worldcoin project has been controversial from the very beginning. Retinal scanning to obtain a kind of digital confirmation of identity has caused many objections. Some countries now openly prohibit the Worldcoin Foundation from operating in their country. An example of such a country is Nigeria. Despite everything, the project of Sam Altman, the man at the head of OpenAI, is constantly developing. Worldcoin (WLD) is an ERC-20 token. However, before its official launch, it was moved to the main OP network. Thanks to this, the Worldocin protocol located on Ethereum also has cross-chain bridges for the Optimism and Polygon networks.

The Worldcoin Foundation does not intend to stop at its current successes and is openly working on a layer two network called World Chain. Although the construction of the L2 network was announced in April, access to the network will only now be given to developers. All this so that developers have time to prepare their implementations before the migration of over 10 million users of the World App from its current base to OP Mainnet. World Chain is to be an open source network, independently managed by its community.

Will the launch of the L2 World Chain network affect the WLD rate?

According to the Worldcoin Foundation, the World Chain layer two network is currently supported by partners including Alchemy, Safe, and Elliptic, who provide tools and infrastructure for developers building on the network. As Ryna Wyatt, Chief Growth Officer of Optimism Unlimited, says:

We are incredibly excited to have Worldcoin, one of the largest projects in our space, build the World Chain using Optimism’s OP Stack, join Superchain, and work with other development groups to further develop the OP Stack while contributing sequencer revenue to the Optimism Collective.

How will World Chain affect the WLD rate? The introduction of a layer two network could boost the value of worldcoin. It is worth noting that at the time of writing this text, the WLD rate is less than $2, while the March ATH was $11.74.