Sam Altman's Worldcoin has recently announced the relocation of its World ID verification project to Peru, marking a significant step towards transforming digital human identity. This move raises questions about the potential rally of WLD price in response to this development.

Worldcoin, under the leadership of Sam Altman, continues to make waves in the global Web3 sector. By expanding its World ID verification project to Peru, the company reinforces its commitment to broadening its global presence and impact.

World ID Verification Expansion in Peru

The World ID Verification initiative is an advanced, open-source, and decentralized digital identity protocol designed to allow individuals to authenticate their humanity online while safeguarding their privacy. Central to this verification process is Worldcoin's Orb verification technology, which utilizes iris scanning to generate a unique iris code for creating a distinct digital identity.

In an official announcement on May 8, Worldcoin declared, 'World ID orb verifications are now accessible in Lima, Peru.' Residents above 18 years old in Peru can now verify their humanity online using this innovative technology.

A recent study conducted in March revealed that over 90% of more than 800 Peruvian participants expressed a desire for technology-driven solutions to distinguish humans from online bots. Additionally, 84% emphasized the necessity of mechanisms that differentiate between humans and machines for future applications.

Potential Impact on WLD Price

Despite a recent dip in WLD's price, currently trading at $5.52 with a 5.05% decrease in the last 24 hours, the expansion of Worldcoin's global initiatives could lead to increased adoption of WLD. This anticipated adoption may generate buying interest in the token, potentially driving its price upwards. Furthermore, the growing integration of AI technologies adds to the positive outlook for the long-term price trajectory of the WLD token.