AI-Focused Worldcoin Launches to Market Buzz and High Expectations

Summary:
• Worldcoin (WLD) is backed by OpenAI founder Sam Altman, and it is based on a concept that builds on need to differentiate humans from AI.

Sam Altman’s bold crypto company, Worldcoin, which uses eye scans to verify human identity, has begun rolling out its services worldwide. At the time of writing, WLD token was up over 63% at $2.71 in, signifying an upbeat tempo that is likely to trigger a market bull run. Adding to the buzz, Andreessen Horowitz, Khosla Ventures, and Reid Hoffman are some of the influential investors who have contributed to the company’s total raise of around $250 million.

The disruptive coin staring at a potential bull run

If successful, Worldcoin will be the greatest decentralized digital identity, global currency, and app that accepts the Worldcoin token for payments, purchases, and transfers alongside other cryptocurrencies and fiat currencies. The project says World IDs are essential in the era of remarkably humanlike language-generating AI chatbots like ChatGPT.  These IDs are global identifiers, which may, in the future, be used to distinguish between real people and AI bots.

As of the launch on Monday, the project’s beta phase had already attracted 2 million members. Worldcoin token, a blockchain-traceable cryptocurrency, will first be available in 35 cities across twenty different countries, with users being required to verify their identities. The World Coin team is gifting sign-up bonuses to users in some regions to incentivise them to support the project. Worldcoin is keeping around 20% of all tokens, which are not yet available in the United States. The startup will only issue a maximum of 10 billion “WLD” tokens for the first 15 years.

The team behind Worldcoin says a physical “orb” that scans people’s eyes is essential for a future in which it will be harder to distinguish humans and robots, thanks to advances in AI. Tokens from the company can be given out to users when they have demonstrated they are not automated systems.

On Monday at 7 a.m. UTC, OKX exchange began accepting deposits and intends to list WLD/USDT once it gets a sufficient number of tokens deposited. Users of Huobi can trade WLD/USDT on the spot market, while Bybit has enabled WLD/USDC trading and will enable withdrawals on Tuesday at 10 a.m. UTC. Binance has said that it will tentatively open trading for WLD against USDT and BTC at 9am UTC on Monday, with withdrawals possible beginning Tuesday at the same time.