Recently, the Worldcoin Foundation unveiled the launch of its community grants program, beginning with its first phase, Wave0. In the crypto economy, Worldcoin’s WLD token has not experienced the growth that other crypto assets have enjoyed, declining over 3% in the past fortnight. This downturn followed the departure of CEO Sam Altman from Openai, a notable Worldcoin backer.
Worldcoin Debuts Three-Tiered Grants Program
The community grants program, as outlined by the Worldcoin Foundation, commits an initial pool of two million WLD across three distinct grant tracks in its initial stages. Worldcoin details that these tracks include community grants, project grants, and open track grants, each catering to different scales and scopes of community projects.
Community grants, capped at 5K WLD, focus on events, sponsorships, and hackathon projects. The announcement details that project grants, offering up to 25K WLD, target larger-scale initiatives. The largest of the grant projects fall
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