Worldcoin will Stop Paying Orb Operators in USDC from Next Month
Worldcoin project has decided to seize payments for its Orb operators starting in November. Furthermore, the project has also announced changes for issuing WLD loans for market makers. Worldcoin will now pay the Orb device operators in the form of WLD tokens in lieu of USDC stablecoins. The new payment plan will go into effect from next month.
The project said in a recent announcement that independent network participants who perform the task of scanning irises for individuals will not receive payments in the form of USDC coin as soon as November this year.
Some Operators Received Payments in WLD Token
This change is going to be implemented for all Orb operators around the globe covering almost all regions. The project claimed that paying the Orb operators in USDC tokens was part of the transitional phase that marked its official launch on 24 July 2023.
However, some Orb operators received payments in the form of WLD token during the pilot phase. The project iterated that starting in November, all the operators will start receiving remuneration in the form of WLD tokens.
Restrictions on Worldcoin
Worldcoin has updated its blog post informing users in the United States that WLD tokens are not available for consumers in the region. At the same time, the project also listed all jurisdictions where the virtual currency is currently restricted. Dune Analytics report indicated that WLD supply increased from 100 million to 134 million till date.
Meanwhile, 100 million WLD tokens were issued to market makers as loans, and the remainder 34 million were distributed among Orb operators and new users on the platform as free user grants.
Worldcoin has revealed that around 5 market-making entities have received 100 million in WLD tokens. However, the project retained that it will extend the expiration date for the loaned tokens to 25th December at a reduced amount of 75 million WLD tokens.
In accordance with the agreement, the market makers may return or purchase a portion of 25 million loaned WLD tokens. Meanwhile, WLD prices have stabilized during the recent weeks after a bumpy start at the beginning.
The token reached an ATH of $2.65 on 27th July before shedding 63% and hitting $0.97 in September.
Blockchain-based AI Project Graph GRT Gains Traction Among Investors
Graph GRT is an AI-based indexing and data aggregation blockchain project. During the last few days, the price of its native token GRT has printed a new ATH of $0.10 citing the highest level since August this year.
For the duration, the token showed a price appreciation of 33%. Graph is operating on multiple blockchains such as Solana, Ethereum, Polygon, BNB Chain, and Cardano. Developers are able to save time and cost using its features such as subgraphs. Graph claims that developers can save server space and cut down infrastructure costs by up to 98% by accessing this project.
The recent price appreciation of Graph is driven by a latest update namely upgraded indexer; it is a solution that allows hosted services to update subgraphs on Graph without interruptions.
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