Sam Altman Co-founded Worldcoin Project Unveiled, Experiences Soaring Demand on Crypto Exchanges July 24, 2023 July 24, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJuly 24, 2023 by Kelly Cromley

Sam Altman Co-founded Worldcoin Project Unveiled, Experiences Soaring Demand on Crypto Exchanges

On Monday, July 24, Worldcoin, a crypto project co-founded by Sam Altman from OpenAI, was officially unveiled to the public. This project has generated significant anticipation among the crypto community. After the announcement, prominent cryptocurrency exchanges such as Binance promptly proceeded to include the Worldcoin (WLD) token in their listings. This resulted in a surge of investors who were eager to explore potential opportunities at an early stage.

The price of the WLD token has experienced a significant increase of over 60% within a mere hour following its listing on the Binance platform. Presently, the token is valued at $2.97, contributing to a market capitalization of $228 million.

On the same day, several prominent cryptocurrency exchanges, namely Binance, Huobi, Bybit, and OKX, incorporated Worldcoin’s WLD token into their respective platforms. Both Huobi and Bybit have already implemented options for depositing and trading. Bybit has further announced that withdrawals will be available starting Tuesday at 10 a.m. UTC, with OKX following suit. On Huobi, users have the opportunity to participate in spot trading using the WLD/USDT pair. Conversely, Bybit offers the WLD/USDC pair specifically for trading purposes.

Worldcoin sets itself apart as a cryptocurrency initiative that leverages advanced eye-scanning technology through a device known as the “orb.” This innovative approach enables the creation of digital identities by capturing individuals’ eye scans, resulting in the issuance of a distinctive “world ID” or “proof of personhood.”

Sam Altman, in collaboration with his co-founders, holds the belief that the adoption of this novel digital verification approach is of paramount importance in the current era of rapid advancements in AI technology. This is particularly significant as the ability to differentiate between AI-generated content and content created by humans becomes progressively more challenging.

During an interview with Bloomberg News, Altman conveyed that the increasing enthusiasm surrounding artificial intelligence (AI) has played a significant role in generating excitement for Worldcoin. Altman noted that there is now greater interest, understanding, and enthusiasm, particularly as AI has gained prominence in the world since the inception of the project.

The Worldcoin project is being developed by Tools of Humanity, a startup led by CEO Alex Blania. The company intends to enhance the project’s market reach in Asian regions, with a specific focus on Japan and South Korea. At present, the company does not have any intentions to pursue expansion in the United States. This decision is primarily driven by the prevailing regulatory uncertainties and a lack of clear guidance in the market. Altman expressed his disappointment, emphasizing the significant lack of certainty in the situation. I find it regrettable.

The website of Worldcoin has garnered more than 2 million signups, reflecting a notable level of interest and anticipation surrounding the project’s forthcoming developments.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.