World (WLD) = Betting on Humanity

Teng Yan positions World as a proof-of-personhood protocol addressing the internet's inability to distinguish humans from bots, with 12.5M verified users and a 1B user target by 2027. WLD token mechanics include 10B total supply over 15 years with ~1B hitting market in the next 12 months, offset by future demand from identity verification fees (projected 150M WLD/year at scale), sequencer staking, and governance—plus a $135M conviction buy from a16z and Bain Capital. Bull case hinges on 300M+ verified users by end-2026 and killer-app emergence; bear case involves regulatory shutdown or ecosystem failure to convert sign-ups to engagement.