World Mobile, the telecommunications project built on Cardano, is a growing initiative focused on providing affordable and decentralized mobile connectivity to underserved communities globally. As of September 2024, its native token, World Mobile Token (WMT), has a market cap of approximately $100-126 million, depending on the source. The circulating supply of WMT is about 491-620 million, with a maximum supply capped at 2 billion tokens (Binance MarketBeat).
World Mobile has already connected over 20,000 users in Zanzibar and is expanding to other regions, including Pakistan, the USA, and the UK. Its innovative hybrid dynamic network is reportedly 12 times more cost-effective than traditional telecommunications networks.
This growth is supported by their decentralized, blockchain-based infrastructure, rewarding users who participate as node operators or stakers in the network.
Future expansion plans?
World Mobile has ambitious expansion plans aimed at bridging the digital divide in underserved and unconnected regions. Here are some of their key future goals:
- Global Rollout: World Mobile plans to expand its hybrid dynamic network beyond its initial deployments in Zanzibar and into multiple continents. These include countries like Pakistan, where the network has already made its first Asian deployment, as well as California, New Mexico, Nevada, and Utah in the United States, where they have secured licensed spectrum.
- Focus on Connectivity in Rural Areas: The company is also targeting rural and hard-to-reach areas, starting with rural Wales in the UK, where it demonstrated its AirNode technology. This technology is expected to play a key role in providing affordable connectivity through decentralized mobile nodes that leverage satellite networks like Starlink.
- Expansion into Latin America and Africa: World Mobile has hinted at future expansions across Africa and Latin America, where large portions of the population still lack access to mobile internet. Their decentralized, cost-effective network model makes these regions prime targets for future connectivity projects (World Mobile)(MarketBeat).
- Increased Adoption of AirNodes: The network aims to increase the number of deployed AirNodes, which are community-owned mobile infrastructure points, thereby expanding its global coverage. The decentralized approach will allow individuals and businesses to operate these nodes, earning rewards and contributing to the network’s growth.
- Scaling Blockchain-Powered Telecommunications: World Mobile is built on Cardano’s blockchain, and its future development includes integrating blockchain innovations to ensure a more secure, decentralized, and efficient telecom network. Their use of blockchain is also expected to evolve, providing new staking and transaction services as part of their economy (Binance).
These plans reflect World Mobile’s commitment to achieving its mission of connecting the unconnected, while fostering a decentralized and user-owned telecom ecosystem.