WorldCoin Foundation Opens Registration for WAVE1 Community Funding Program

Bittime - WorldCoin Foundation, the organization behind the iris biometric cryptocurrency project Worldcoin , announced today, April 16, 2024, that applications for their WAVE1 community funding program are now open. 

This program aims to support innovative projects and initiatives that contribute to the development and growth of the Worldcoin ecosystem.

What is WorldCoin?

Launched in 2019, Worldcoin is an ambitious project that aims to build a global digital identity network powered by blockchain technology. 

It uses iris recognition as a unique identifier to provide a digital identity, called World ID, to individuals. This World ID can then be used for various purposes, including:

• Secure access to online services and applications
• Facilitating participation in the decentralized finance ( DeFi ) space
• Building trust and reputation in online interactions

Worldcoin aims to provide a universal and privacy-preserving digital identity solution, which has the potential to offer benefits to individuals and businesses.

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WAVE1 Funding Category

Source: @worldcoinfnd/X

WAVE1 offers funding opportunities in five main categories:

1. Improved Developer Experience and Tools: This category seeks solutions and infrastructure that simplify the development process for other developers building on the Worldcoin platform.
2. Digital Identity: This category supports projects and research focused on World ID, a core component of the Worldcoin ecosystem. This category also accepts projects that facilitate the integration, implementation, and use of World ID in new applications.
3. Ecosystem Growth: This category funds community initiatives and activities that drive global adoption of World ID and the Worldcoin ecosystem.
4. Governance: This category encourages project exploration, research, and experimentation in new areas of decentralized governance using World ID.
5. To Be Determined: The WorldCoin Foundation may announce additional funding categories in the future.

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WAVE1 Grant Amount

Similar to the previous Wave 0 program, WAVE1 offers a variety of grant sizes:

• Community Grants: Up to $10,000
• Project Grant: Up to $50,000

The Foundation will also consider funding for larger, open-ended projects as well as Requests for Proposals (RFPs).

Application Process

Interested individuals and teams can submit their applications for WAVE1 funding via the WorldCoin Foundation website. The application deadline is May 24, 2024.

Building the Worldcoin Ecosystem

The WAVE1 program demonstrates the WorldCoin Foundation's commitment to fostering a dynamic and collaborative ecosystem. By supporting innovative projects and initiatives across various categories, WAVE1 aims to accelerate the development of Worldcoin and other core functions.

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How to Buy Worldcoin (WLD) on Bittime

You can buy and sell  Worldcoin (WLD)  in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.  

Worldcoin (WLD)  is available on Bittime with the market pair WLD/IDR . To be able to buy  WLD IDR  at  Bitti , make  sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.  

Learn  the complete guide on how to buy Worldcoin (WLD) on Bittime . 

Monitor the  price chart movements of Worldcoin (WLD) ,  Ethereum (ETH) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER:  This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.