Amid regulatory challenges, Worldcoin (CRYPTO:WLD), co-founded by Sam Altman of OpenAI, introduces its layer-2 solution, World Chain, aiming to tackle Web3 scalability issues and combat bot activity.

World Chain, set to launch this summer, prioritises verified humans, particularly the five million World ID holders, granting them priority blockspace and gas allowances over bots.

The decision to launch World Chain follows Worldcoin's milestone of reaching 10 million users for its World App wallet.

The company emphasises the prevalence of bots on blockchains, estimating up to 80% of transactions being automated, and aims to address this issue with World Chain's Proof of Personhood system.

Despite its technological advancements, Worldcoin faces regulatory pressure, particularly in Buenos Aires, where it could incur fines of up to 1 billion Argentine pesos ($1.2 million) due to alleged abusive user contracts.