OpenAI Chief Sam Altman’s Worldcoin (WLD) Token to Go Live Today

UTC by Bhushan Akolkar · 3 min read
OpenAI Chief Sam Altman’s Worldcoin (WLD) Token to Go Live Today
Photo: Wikimedia Commons

The Worldcoin Project has some of the top VC backers like Andreessen Horowitz (a16z).

Besides ChatGPT, OpenAI CEO Sam Altman has been working on another interesting project dubbed Worldcoin, for over three years. The crypto project uses an eyeball-scanning technology for digital identity and crypto payments.

In a statement on Monday, OpenAI Chief Executive Officer Sam Altman said:

“Worldcoin is an attempt at global scale alignment. The journey will be challenging and the outcome is uncertain.”

Worldcoin, just like Altman, is involved in both AI and crypto fields. They use a small device called an “orb” to scan people’s eyes and create a unique digital identity known as World ID. This World ID acts as “proof of personhood”, according to Worldcoin’s language. Altman and his co-founders believe this new approach to digital verification is crucial at a time when AI makes it challenging to distinguish human-created content from non-human.

Apart from launching a blockchain called OP Mainnet, the project also started distributing the Worldcoin (WLD) crypto token to those who already have a World ID. Furthermore, they plan to expand the signups for eyeball-scanning to more countries in the future. Tools of Humanity are developing the Worldcoin token and their official tagline is “building the world’s largest identity”.

The Worldcoin Project has some of the top VC backers like Andreessen Horowitz (a16z). However, the token will be available in the USA and based on the Ethereum Layer-2.

Worldcoin (WLD) Token Shoots 20% amid Listing on Major Exchanges

The WLD token from Worldcoin was listed on several crypto exchanges, including Binance, Huobi, Bybit, and OKX, and it went live on Monday. At the time of writing, the WLD token’s price had increased by more than 20% to $2, as reported by Coingecko. Worldcoin is a highly anticipated crypto project founded by Sam Altman, co-founder of ChatGPT.

According to a blog post, Binance will list Worldcoin and has plans to open trading for spot trading pairs, which include WLD and Bitcoin (BTC) as well as USDT, at 9 am UTC on Monday. Additionally, Binance will enable withdrawals starting at 9 am UTC on Tuesday.

Huobi and Bybit have already listed the WLD token, allowing users to make deposits and trade. Bybit will enable withdrawals on Tuesday at 10 a.m. UTC, and OKX will do the same. Huobi users can trade the WLD/USDT pair, while Bybit has also made the WLD/USDC pair available for trading.

The Worldcoin (WLD) token won’t be available for US investors considering the regulatory crackdown taking place in the country. In the letter published on Monday, Altman and his co-founder Alex Blania also stated that the rules were less clear in the US. “There’s clearly a great lack of certainty, to say it as mildly as possible,” Altman told Bloomberg. “I think it’s a shame,” added he.

Altman hopes that the US shall get to a ‘rational place’ while dealing with crypto regulations. Blania, the CEO of Tools for Humanity, expressed enthusiasm for broadening Worldcoin’s usage in Asia, with a focus on Japan and South Korea. According to its website, Worldcoin has gathered over 2 million signups. Blania highlighted that the project has improved its security measures in response to two recent problems: the theft of login credentials for certain Worldcoin operators responsible for user signups, and unauthorized sales of World IDs in the black market.

Altcoin News, Blockchain News, Cryptocurrency News, News
Related Articles