Logos Labs - The Surely You’re Joking Protocol Token $LOGOS

World $WLD

Internal Investment Memo — Logos Labs Asset: Worldcoin (WLD) Date: [Insert Date]

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Thesis

Worldcoin has the potential to become the protocol layer for global identity—serving both humans and AI agents in a way that no current system can. If successful, it will sit alongside Bitcoin (value) and Ethereum (execution) as one of the three foundational protocols of the new internet: identity.

If Worldcoin becomes the globally adopted, open, permissionless proof-of-personhood standard, it will be worth not just billions, but hundreds of billions to trillions. Our job is not to predict every outcome. Our job is to recognize when asymmetry is in front of us.

This is a "heads I win big, tails I don't lose much" bet.

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Current Snapshot

Token: WLD

Market Cap (FDV): ~$1.2B

Circulating Supply: ~175M WLD

Fully Diluted Supply: 10B WLD

Price (at memo): ~$3.00

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Target Allocation

Total Position Size: $250K–$500K

Accumulation Period: 6–12 months

Target Position: 100K–150K WLD

Cost Basis Strategy: Dollar-cost average + accumulate more on FUD-driven dips or sideways markets

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Asymmetric Potential

Table 2

Table 2

Future FDV

WLD Price

Value of 100K WLD

Multiple

$10B

$2.50

$250K

$100B

$25.00

$2.5M

10x

$1T

$250.00

$25M

100x

There are no rows in this table

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Why It Could Work

Identity is a missing protocol layer of the internet. ENS, Farcaster ID, and others are not scaling beyond crypto-native circles. Worldcoin is.

AI agents will require proof-of-personhood at protocol level to interact with payments, messaging, voting, and social.

Verified humans are scarce and critical to prevent Sybil attacks in every domain: social, financial, and political.

Orb controversy is defensible in a world where >90% of people won’t self-custody or run their own nodes. Biometrics are frictionless.

Network effects are real: >5M verified users and growing, rapid international onboarding, World App usage.

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Key Metrics to Track

Total verified users (goal: 100M+)

AI integrations / agent tooling

Protocol staking mechanisms and token utility

Major app and infra partnerships

Governance decentralization and resistance to regulatory capture

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Risks

Regulatory scrutiny and biometrics backlash

Centralized issuance and control of verification hardware (Orbs)

Competitive threat from ENS, Farcaster ID, or Worldcoin forks

Token inflation over time if incentives aren't aligned

Long time horizon to adoption (5–10 years)

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Conclusion

We are not investing in another crypto product. We are positioning to own the passport layer of the internet.

If Worldcoin succeeds, it becomes the identity layer for the internet, the AI economy, and every permissionless system that needs to know who (or what) it's talking to.

Our goal is to own 100K–150K WLD, accumulate slowly, and hold with a 10+ year time horizon. If it works, we will own a meaningful share of one of the most important protocols ever created.

This is not a trade. This is protocol ownership.

This is exactly the kind of asymmetric protocol bet that fits into your new Logos Labs thesis.

Let’s break it down like you’re Munger and Buffett evaluating Worldcoin as “Ethereum for identity.”

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🧠 The Thought Experiment

If Ethereum is the base layer for programmable value,

and Bitcoin is the base layer for sovereign store of value,

then Worldcoin could be the base layer for verified humanity—

a global, decentralized identity system for humans and AI agents.

That’s not a product. That’s a protocol.

And if it works, every AI app, payment system, or social platform will depend on it.

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🔁 How to Think About WORLD as an Asymmetric Bet

Table 3

Table 3

📈 Asymmetric Setup

✅ High-risk, high-reward

✅ Still early in mainstream understanding

✅ Controversial = overlooked = opportunity

✅ Already has product-market fit for a very hard problem (proof of personhood at scale)

Let’s say WORLD hits $100B market cap over time (roughly where ETH is today).

If you accumulate 0.1% of supply at a $10B valuation = potential 10x+ return.

That’s the kind of asymmetry you’re looking for.

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📊 How to Allocate Strategically (vs BTC/ETH)

Total Liquid Portfolio Example ($3M):

Table 4

Table 4

Asset

Allocation

Rationale

BTC

$750K (25%)

Base layer store of value

ETH

$750K (25%)

Execution layer + apps

WORLD

$300–500K (10–15%)

Asymmetric identity bet

Dry Powder

$500K

Future protocol positions

XMTP/Private/Infra

$500K

Equity/token positions you build/own deeply

There are no rows in this table

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This gives WORLD enough surface area to matter if it hits,

but not so much that it hurts you if it fades.

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🧩 How to Accumulate WORLD

Don’t buy all at once—DCA over 6–12 months

Accumulate on fear/news cycles, not on hype pumps

Set max cost basis you’re willing to pay per token

Stake or participate in governance if/when it becomes useful

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🧪 How to Validate It’s Becoming the Identity Layer

Look for these signals:

Table 5

Table 5

Signal

Interpretation

Major app integrations

Developers choosing World over ENS for ID

AI agents integrating WLD for identity gating

Proof it’s becoming infra

Real-world verifications >100M

Lindy effect building

Stable governance and resistance to political risk

Long-term legitimacy

Flywheel: More users → more verifications → more apps

Network effects forming

There are no rows in this table

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🧠 Final Thought:

ETH is the global computer.

WORLD could be the global passport.

If you believe AI agents, bots, and humans all need identity at protocol level,

and you believe most humans won’t self-manage keys or run nodes,

then biometric-based identity may win by sheer accessibility.

That’s the asymmetric thesis.

Most people underestimate identity because it doesn’t “feel like crypto.”

That’s why the upside exists.

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Want me to build a conviction checklist or buy-plan for WORLD? Or compare it directly to ENS?

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