Worldcoin’s native cryptocurrency, WLD, experienced a significant price surge after the launch of ‘World ID Credentials,’ a new feature allowing users to claim additional tokens. This development comes despite regulatory challenges in several countries.
Worldcoin, the cryptocurrency-based identity verification project founded by OpenAI CEO Sam Altman, has rebranded to ‘World’ and announced the launch of its own Layer-2 blockchain. This comes alongside a revamped biometric imaging device called ‘Orb 2.0’ and a new blockchain designed for customized needs, sparking discussions about data privacy and the future of digital identity.
Worldcoin’s native token, WLD, experienced a significant surge in price following news that Sam Altman, the founder of Worldcoin and CEO of OpenAI, will receive equity in the artificial intelligence company. This rally comes despite the ongoing concerns surrounding Worldcoin’s data privacy practices and recent bans in several countries.
Worldcoin (WLD) and XRP (XRP) saw significant gains on Thursday, bucking the trend of a sideways market. Worldcoin’s surge followed the launch of OpenAI’s new ‘o1′ model, while XRP benefited from Grayscale Investments’ new XRP Trust.
Sam Altman’s Worldcoin initiative, which aims to scan the irises of individuals globally and offer them cryptocurrency, has faced significant pushback from governments worldwide. While touted as a way to provide financial aid to those affected by AI, the project has drawn criticism for potential privacy violations. Despite regulatory scrutiny and investigations, Worldcoin continues to grow, with over six million users registered in nearly 40 countries.
Worldcoin, a project that distributes free cryptocurrency in exchange for biometric data, is facing a shortage of orbs used for eye scans. However, the company behind Worldcoin, Tools for Humanity, views this shortage as a positive sign, indicating the popularity of the program. Over 10 million people in 160 countries have already scanned their eyes for Worldcoin. The program is not yet available in the U.S., leaving Americans to speculate about its potential implications. While privacy concerns remain, Worldcoin insists on prioritizing privacy and claims that intense skepticism is waning.
