Original title: World = humanity』s biggest asymmetric bet (or: Why I』m aping pump.fun-style poopcoins on Worldchain)
Original author: redphonecrypto, leasrDAO member
Original translation: zhouzhou, BlockBeats
Editors note: Through eye scanning technology to verify identity, it provides universal basic income (UBI) to users around the world. Users can obtain WLD tokens through the app and participate in mini-apps such as Poop and Uno for transactions and investments. Although this ecosystem faces complex The market model and risks of WLD, if successful, 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 WLDs economic model is complex, if successful, Worldcoin has the potential to become an important platform and change the landscape of the crypto industry.
The following is the original content (for easier reading and understanding, the original content has been reorganized):
That eye-scanning sphere makes me uncomfortable. It makes me feel very uneasy, but that doesnt matter, dear. Deep down inside me - the rational, alligator-eyed part - sees Worldchain and its constant Expanded Applications and Memes, Think of It as the Biggest Asymmetric Bet in Investing (and You Don’t Need to Scan Your Eyeballs to Participate)
Here is my “stupid” bullish thesis (and why I’m buying WLD and pump.fun style memes like “IRON SAM” to join the ecosystem
According to a recent blog post by Sam Altman, OpenAI has unlocked “artificial general intelligence” (AGI). In 2025, AI will enter the workplace in a serious way as an intelligent agent.
Employers can either hire a troublesome, complicated human (costing a few thousand dollars a month) or pay a small fee to deploy an agent — one without the emotional issues and health insurance. Obviously, employers will choose which option.
Hiring of knowledge workers has stalled around the world, and an existential crisis looms (both psychological and monetary). Knowledge jobs are disappearing, and the economy is fractured. The crows are crowing. The once highly paid, ambitious elite has gone from being a benefit to society to a liability.
Meanwhile, OpenAI continues to push toward “superintelligence” (i.e., intelligence smarter than the collective intelligence of all humans on Earth). Each release brings more financial hits…even as technological breakthroughs continue to accelerate.
Economies are reduced to rubble and ashes. Grim scrutiny. Governments are forced to provide a monthly stipend (a.k.a. Universal Basic Income (UBI)) to their bankrupt citizens. Unfortunately, most governments are over-indebted. Stimulus measures only Can be maintained by printing money. Hyperinflation is coming.
Faced with runaway inflation, humanity needs a backstop… Enter Worldcoin (WLD) — a blockchain token co-founded by Sam Altman six years ago! What is its unique selling point? Free Money, guys!!! Money that wont hyperinflate. You just stare into this powerful eye-scanning orb, prove your account was generated by a human, and well transfer value to you every month.
Humans around the world log on to the World app every month to collect their allowance (“Wake up, wake up, wake up, wake up, wake up — it’s the beginning of the month”). Then they get busy thinking about life in a post-work world. meaning.
Random thoughts on the above ideas (and the future of World)
That future is obviously hypothetical, and perhaps an unlikely outcome, but some elements of it seem inevitable.
The crypto Twitter community criticized Worldcoin as a low circulation, high market cap venture capital coin, while ignoring the fact that UBI has to come from somewhere. (The extra circulation will be for you in the dust storm of 2028 Cricket protein, my boy!)
Based on public comments, Altman seems 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, Worldchain could become the financial infrastructure for AGI and superintelligence. It could be a bridge between humans and machines.
Worldcoin’s user base is very different from other projects in crypto. The US has not yet seen the eyeball scanning sphere, so the chain’s initial 22 million users are spread across other countries. Many of these users = unbanked people (which are exactly what crypto OGs originally wanted). People you contact! ).
You can think of World as its own human-centric internet. Perhaps the current web will be overwhelmed by intelligent agents, but World could 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 confusing. Rapid change means you will become change averse. In other words: the direction we are heading, All people experience psychological discomfort on a regular basis.
Technology doesnt care if we can handle it, and Worlds eye-scanning sphere is 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 dont seem to care. I guess We’ll pay almost no attention to eye scans (which is to say, almost never) the same way we look at facial recognition when we unlock our phones today.
World Architecture
When you look at the stats in the World app, they refer to their users as “humans.” This is a reminder of the uniqueness and potential of this platform. Agents elsewhere are emerging and taking over social networks. Only Worldchain can differentiate between humans and AI. This has some cool immediate use cases, like 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 the World Discord group with your World ID… and then your account You will get a special tag to verify that you are human).
(This subverts the current standard where we assume the user is human in the absence of contrary information. In a few years, we may assume the user is AI until proven otherwise).
The rise of the human-centric internet and the “mini-apps” of World
Of all the above, the one that I like the most is the 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, etc. , social applications, etc.
Accessing and using the Mini Apps does not require scanning the sphere with your eyes. Without scanning, you may have limited access to certain features, but most features are available. For example: some Mini Apps will airdrop tokens to users who log in every day. All the mini-apps Ive seen only airdrop tokens to people who have been scanned. However, once these tokens become liquid, anyone can trade them. (This actually makes sense... because it prevents the airdrop from being abuse.)
Mini Apps launched about three months ago and already have over 80 apps live with over 5.9 billion views! Overall, users from 160 countries have interacted with at least 1 app.
Based on these statistics, you could 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! Compare that to the daily active addresses of the entire Solana blockchain. About 4.6 million (many of which are Sybil accounts).
About half of the 20 million users who downloaded the World app have already done an eye scan. So there are 10 million verified users in the ecosystem. This number is growing by more than 80,000 per day.
Why explore the frontiers of Worldcoin
If World achieves its vision, WLD itself could become one of the most important tokens in the industry…easily a top 3 coin. The current market cap of World is $1.8 billion, and today the third largest blockchain XRP’s market cap is $153 billion, 85 times the world’s market cap.
However, the token economics of WLD are difficult to parse… the demand for WLD must exceed the growth in circulating supply to drive the price up (and the supply will increase faster as World attracts more users and UBI recipients) . 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.). This is not impossible, but it is not easy either.
If World succeeds, value will certainly not accumulate only in WLD…it will also accumulate in the tokens issued on Worldchain. This is why I am also focusing some investment efforts on altcoins within the World app.
Reasons to be excited about World-based altcoins
I’m a big fan of World’s Mini Apps… These are mini-apps within the main World “wallet” app. Here you’ll find things like meme launch pads, arcade games, social apps, decentralized finance (DeFi), and more. There are currently more than 80 applications, including interesting memes that I have purchased, such as IRON SAM, ORB, MILEI and TRUMP.
The World app is like an ATM that spits out money for its users… If you prove you are human by scanning your eyeballs, you are eligible for UBI (Universal Basic Income). This means that every month, you can log in to the app and And receive 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 may not sound like much, but remember that World has users in over 160 countries around the world. countries (each with a different standard of living).
In addition to WLD UBI payments, World users can download other apps that give out free tokens. Many other apps give out tokens daily, rather than monthly (such as ORB and ORO). This means users are incentivized to open the World app every day. and mini apps in it to claim free money.
Users can choose to cash out these free tokens, or they can do what we degens are naturally inclined to do: invest them in other investment opportunities to potentially grow their assets significantly. This is why I am so excited about Meme World. Reasons to be bullish…Users get free WLD (and potentially dozens of other altcoins) which they can use to invest in altcoins. This is like the “wealth effect” we see on other crypto chains (For example, many users who received the Jito airdrop sold their tokens to buy Memes on Solana).
The distribution method of Worldchain is crazy. Currently, the largest altcoin I found on Worldchain, ORO, has more on-chain holders (1.12 million) than BONK (879,000)! Of course, the market value is much lower, Because the lifetime value of a Worldcoin user is (currently) much lower than a Solana user. Its user base is regular people… not crypto-rich people. A breakthrough application could change all that overnight.
Meme trading within the World app has only just started for less than a week. For example, the Poop app allows you to post and trade memes. So far, more than 1,000 tokens have been launched. Interestingly, only those who have scanned the meme with their eyeballs can To release the currency, anyone with the World app can trade it.
It’s still early days for the mini-app ecosystem and the market caps of these altcoins are shockingly low… some have a FDV (fully diluted market cap) of around $500! Haha. The largest altcoin in the Poop app has a market cap of around $7,000 This means you don’t need to invest a ton of money to get exposure (and you shouldn’t). Buying anything more than 5% of the token supply is overly aggressive and could stifle ecosystem growth. If If you dont hold space for others, you will eventually die alone. Hold space and let the rising tide carry everyone forward.
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 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 via 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 app, I recommend using WLD, and Ive also heard that the Uniswap wallet is also a good bridge tool (I havent tried it myself).
Once you have funds in your account, you can download some of the mini-apps in World to start trading tokens. Here are some of my favorite mini-apps:
Poop (pooplaunch) has hundreds of memes published every day in the past few days. They are about to exceed 1,000 memes, including some of my favorites such as 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 , 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 eyeball scanning orb (even though most of them probably already have face or fingerprint scans on their phones and laptops).
Meanwhile, Worldcoin 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 whether Worldcoin can make its mini-app ecosystem exciting enough. ? Or will people just log in to convert their WLD into cash and then disappear? This is a trillion-dollar question.
Obviously, this article is not investment advice. Don’t invest your grandma’s retirement money in these memes. You will most likely lose 100% of your money.
