Why is Worldchain said to be the next place where “local dogs” break out?

Original title: World = humanity』s biggest asymmetric bet (or: Why I』m aping pump.fun-style poopcoins on Worldchain)

Original author: redphonecrypto, member of leasrDAO

Original compilation: zhouzhou, BlockBeats

Editor's note: Provide universal basic income (UBI) to users around the world by verifying identity through eye-scanning technology. Users can obtain WLD tokens through the application and participate in mini-applications such as Poop and Uno for transactions and investments. Although this ecosystem faces complex market models and risks, if successful, it may become a new giant in the crypto industry. The Meme coin ecosystem is growing rapidly, and users earn tokens by downloading mini-apps and have the opportunity to invest. Although WLD's economic model is complex, if successful, Worldcoin has the potential to become an important platform and change the crypto industry landscape.

The following is the original content (the original content has been edited for ease of reading and understanding):

That eye-scanning orb makes me uncomfortable. It makes me uneasy, but that doesn't matter, honey. Part of me—the rational, alligator-eyed part—sees Worldchain and its ever-expanding applications and memes as the biggest asymmetric bet in investing (and you don’t need to scan your eyeballs to participate in)

Here’s my “dumb” bull thesis (and why I’d buy WLD and pump.fun style memes like “IRON SAM” to join the ecosystem

According to Sam Altman's recent blog post, OpenAI has unlocked "artificial general intelligence" (AGI). In 2025, AI will enter the workplace in a serious way as intelligent agents.

Employers can hire troubled, complex humans (at a cost of several thousand dollars per month), or pay a fee to deploy an agent—one without emotional problems and health insurance. It's obvious which option the employer will choose.

Recruitment of knowledge workers around the world has stalled, and an existential crisis has emerged (both psychological and financial). Knowledge jobs disappear and the economy fractures. The crow crows. What was once a well-paid, ambitious elite has turned from a positive to society into a liability.

Meanwhile, OpenAI continues to advance “superintelligence”—intelligence that is smarter than the collective intelligence of all humans on Earth. Each release brings more of a financial hit... even as technological breakthroughs continue to accelerate.

The economy was reduced to ruins and ashes. A harsh look. Governments are forced to provide monthly stipends (known as "Universal Basic Income" (UBI)) to their bankrupt citizens. Unfortunately, most governments are over-indebted. Stimulus can only be maintained by printing money. Hyperinflation is coming.

Facing runaway high inflation, humanity needs a backstop... At this time, Worldcoin (WLD) comes on the scene - it is a token on the blockchain co-founded by Sam Altman six years ago! What is its unique selling point? Free money, guys! ! ! Money that won’t hyperinflation. All you have to do is stare into this powerful eye-scanning sphere to prove your account was generated by a human, and we'll transfer value to you every month.

Humans around the world log into the World app every month to receive their stipends ("Wake up, wake up, wake up, wake up, wake up - it's the beginning of the month"). Then they are busy thinking about what it means to live in a post-work world.

Random thoughts on the above ideas (and the future of World)

That future is obviously hypothetical, and perhaps the outcome is unlikely, but some elements of it seem inevitable.

The cryptocurrency Twitter community criticized Worldcoin as a "low-circulation, high-market-cap venture capital" currency, while ignoring the fact that UBI has to come from somewhere. (“Extra circulation will provide you with cricket protein in the dusty sandstorms of 2028, my boy!”)

Based on public comments, Altman appears to be very involved in the Worldcoin ecosystem. This leads me to believe that Worldchain will be the first blockchain-based home for ChatGPT’s intelligent agents. In other words, World may become AGI and super-intelligent financial infrastructure. It could be a bridge between humans and machines.

Worldcoin’s user base is very different from other cryptocurrency projects. Eye-scanning spheres have yet to appear in the United States, so the chain's initial 22 million users are spread across other countries. Many users = people without bank accounts (these are the people the crypto OGs originally wanted to reach!).

You can think of the World as its own anthropocentric Internet. Perhaps the current network will be swamped by intelligent agents, but the World may become a "carbon-based Internet" designed specifically for humans.

We have entered the "exponential age". Technological progress leads to more progress, until the pace of change becomes bewildering. Rapid change means you will become change-averse. In other words: As we move forward, all of us will experience psychological discomfort on a regular basis.

Technology doesn't care if we can handle it, and World's eye-scanning orbs are just one of those uncomfortable changes. Maybe it makes you sick (and makes you want to curl up in a ball), but more than 10 million other people don't seem to care. I imagine we'll pay almost no more attention to eye scans (which is to say, almost never) in the same way we now look at facial recognition when unlocking our phones.

World's architecture

When you look at the statistics in the World app, they call their users "humans." This reminds us of the uniqueness and powerful potential of this platform. Agents from elsewhere are emerging and taking over social networks. Only Worldchain can differentiate between humans and AI. This has some cool immediate use cases, such as provably fair airdrops (i.e. 1 “human” = 1 regular airdrop).

Worldcoin is the first blockchain to solve the Sybil attack problem... You can extend this functionality to other places on the Internet (for example, you can now log into World's Discord group with your World ID... and then your account You will get a special tag to verify that you are a "human").

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The Rise of the Anthropocentric Internet and World’s “Mini Apps”

Of all the above, the one I’m most excited about are mini-apps. Once you have the World app installed on your phone, you can access the mini app store through your wallet. Then, you can download things like arcade games, Meme apps, airdrop apps, social apps, etc.

Accessing and using the mini-app does not require scanning the sphere with your eyeballs. Without scanning, you may have limited access to some features, but most features will work. For example: some mini-applications will airdrop tokens to users who log in every day. All the mini-apps I've seen only airdrop to people who have been scanned. However, once these tokens become liquid, anyone can trade them. (Actually, this makes sense...because it prevents airdrops from being abused.)

The mini-app was launched about three months ago and currently has more than 80 apps online with over 5.9 billion views! Overall, users from 160 countries interacted with at least 1 app.

Based on these statistics, you can say that World is currently the most successful ecosystem in the cryptocurrency space. The mini app has 2.3 million daily active users in less than three months since it was launched! By comparison, the entire Solana blockchain has approximately 4.6 million daily active addresses (many of which are Sybil accounts).

About half of the 20 million users who have downloaded the World app have already had their eyes scanned. Therefore, there are 10 million verified users in the ecosystem. This number grows by more than 80,000 every day.

Why explore the frontiers of Worldcoin

If World realizes its vision, WLD itself could become one of the most important tokens in the industry... easily among the top 3 coins. The current market value of World is US$1.8 billion, while the market value of XRP, the third-ranked blockchain today, is US$153 billion, which is 85 times the market value of World.

However, the token economics of WLD are difficult to parse... the demand for WLD must exceed the growth of the circulating supply to drive the price up (and as World attracts more users and UBI recipients, the supply will increase faster) . So what they need is an explosion of use cases for WLD itself (i.e. providing liquidity in liquidity pools, participating in farm staking, etc.). It's not impossible, but it's not easy either.

If World succeeds, value will of course not just accumulate in WLD... it will also accumulate in the tokens issued on Worldchain. That’s why I’m also focusing some of my investment efforts on altcoins within the World app.

Reasons to be excited about World-based altcoins

I'm very optimistic about World's mini-apps...these are mini-apps within World's main "wallet" app. Here you can find content like meme launch platforms, arcade games, social apps, decentralized finance (DeFi), and more. There are currently more than 80 applications, including interesting memes I have purchased, such as "IRON SAM", "ORB", "MILEI" and "TRUMP".

The World app is like an ATM that spits out money for users... If you prove you're human by scanning your eyeballs, you qualify for UBI (Universal Basic Income). This means that every month, you can log in to the app and claim more WLD.

I haven't determined the exact amount of the WLD UBI payment, but it seems to be around 5 or 6 WLD per month. If you live in the US or EU, this doesn't sound like much, but keep in mind that World has users in over 160 countries around the world (each with a different standard of living).

In addition to WLD UBI payments, World users can also download other applications that give free tokens. Many other applications issue tokens daily rather than monthly (such as ORB and ORO). This means users are incentivized to open the World app and the mini-apps within it every day to claim free money.

Users can choose to cash out these free tokens, or they can do what us degens are naturally inclined to do: invest them in other investment opportunities to potentially grow their assets significantly. Here's why I'm so bullish on World's meme... users get free WLD (and probably dozens of other altcoins) which they can use to invest in altcoins. This is similar to the "wealth effect" we have seen on other cryptochains (for example, many users who received the Jito airdrop sold their tokens to buy memes on Solana).

The way World is distributed is just crazy. Currently, the largest altcoin I found on Worldchain, ORO, has more on-chain holders (1.12 million people) than BONK (879,000 people)! Of course, the market value is much lower because the lifetime value of Worldcoin users is (currently) much lower than that of Solana users. Its user base is regular people... not crypto rich. A breakthrough app could change all that overnight.

Meme trading within the World app has just begun less than a week ago. Take the Poop app, for example, which allows you to post and trade memes. So far, more than 1,000 coins have been launched. Interestingly, only those with eye scans can post coins, but anyone with the World app can trade.

The mini-app ecosystem is still in its infancy and the market value of these altcoins is astonishingly low…some have an FDV (fully diluted market cap) of around $500! Ha ha. In the Poop app, the largest altcoin has a market cap of approximately $7,000! This means you don’t need to invest a ton of money to gain exposure (and you shouldn’t). Purchasing any share in excess of 5% of the token supply is overly aggressive and may inhibit the growth of the ecosystem. If you don’t hold space for others, you will eventually die alone. Leave space and let the rising tide carry everyone forward together.

Start participating in "Pump.fun" in Worldchain

1. Visit world.org and click "get world app" to download the app to your phone.

2. Set up your World ID without scanning your eyeballs... this will create a Worldchain address for you within the app.

3. Send a small amount of WLD or USDC.e from OPTIMISM to your Worldcoin address (you can do this through Metamask or elsewhere). Or bridge ETH from mainnet to Worldcoin via across.to, or from Optimism via owlto.finance. If you plan to trade on the Poop application, it is recommended to use WLD. I have also heard that the Uniswap wallet is also very good as a bridging tool (I have not tried it myself).

Once the funds are in, you can download some of the mini-apps in World to start trading tokens. Here are some of my favorite mini-apps:

·Poop (pooplaunch), hundreds of memes have been posted every day over the past few days. They are about to surpass 1,000 memes, including my favorite coins like Sam (SAM), Iron Sam (SAMA), and Skynet (SKY).

·Uno (uno wallet), which provides a decentralized exchange (DEX) for leading tokens such as Orb (OBR), Oro (ORO) and CORAZON.

·Meme Factory, which is a Meme application, currently has 7 currencies online, including TRUMP, HUMAN, MILEI and JESUS.

Conclusion

Worldchain feels like a parallel economic universe, and crypto OGs hate it because of that eye-scanning orb (even though most of them probably already have their faces or fingerprints scanned on their phones and laptops).

Meanwhile, World is quietly becoming the largest ecosystem the industry has ever seen. As the sphere expands to more cities, these numbers will grow even faster. The only question is, can Worldcoin make its mini-app ecosystem exciting enough? Or will people just log in to redeem WLD for cash and then disappear? This is a trillion-level problem.

Obviously, this article is not investment advice. Don’t use your grandma’s retirement savings to invest in these memes. You will most likely lose 100% of your capital.