Worldcoin, an identification platform utilizing iris-scanning technology, is set to launch World Chain this summer with Optimism’s OP Stack. The launch of World Chain aims to alleviate congestion issues on the platform, as Worldcoin activity accounts for around 43% of all transactions on Optimism.

Backed by AI pioneer Sam Altman, Worldcoin’s platform seeks to distribute a universal currency and authenticate identities. With over five million users since its inception, the new layer, World Chain, will utilize proof of personhood technology to verify transactions and combat bot activity that can strain network resources.

To combat bots, World Chain plans to raise gas fees for automated systems, thereby subsidizing costs for occasional users. This pricing strategy is intended to prioritize human users by reducing their expenses and expediting transaction confirmations.

Introducing World Chain, a new blockchain designed for humans ⚪️ pic.twitter.com/qNb7S3vqut — Worldcoin (@worldcoin) April 17, 2024

Optimism’s Chief Growth Officer Ryan Wyatt expressed support for Worldcoin’s approach in a tweet, suggesting that focusing on human interactions could help broaden Optimism’s user base. Worldcoin’s future plans include developing applications focused on payments, stablecoins, and identity verification.

Despite its promising prospects, Worldcoin is currently under regulatory scrutiny in countries like Spain and Portugal due to data collection practices that have resulted in temporary restrictions.

Worldcoin’s associated token, WLD, is currently trading at approximately $4.87. It will serve as the gas token on World Chain, highlighting its practical utility.

Read more: Worldcoin to remove iris codes from World IDs upon user request

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