OpenAI chief Sam Altman officially unveiled the Worldcoin project to the world earlier today on Monday, July 24. Shortly after the announcement, some of the biggest crypto exchanges like Binance lined up to list the Worldcoin (WLD) token on the platform.

This has resulted in a huge influx of investors looking to grab the WLD token in the early phase of the project. Just over the last hour of its listing on binance, the WLD token price is up more than 60% and is currently trading at $2.97 with a market cap of $228 million.

On Monday, several crypto exchanges, including Binance, Huobi, Bybit, and OKX, listed Worldcoin’s WLD token. Worldcoin is a highly anticipated crypto project co-founded by Sam Altman, the co-founder of ChatGPT.

Huobi and Bybit have already listed the WLD token and offer options for both deposits and trading. Bybit allows withdrawals on Tuesdays at 10am UTC, and OKX will do the same. Huobi users can trade the WLD/USDT spot pair, while Bybit has also made the WLD/USDC pair available for trading.

Sam Altman: AI Fervor would boost Worldcoin

Worldcoin is an eyeball-scanning crypto project that uses a device called an “orb” to scan people’s eyeballs and in turn generate their digital identities. In return, the person is given a “world ID”, also known as “proof of personality”.

According to Altman and his co-founders, their new method of digital verification is crucial at a time when AI is making it increasingly difficult to distinguish between what AI has created and what has not.

In an interview with Bloomberg News, Altman said the excitement around AI has helped generate more enthusiasm around Worldcoin. He said:

“There’s a lot more interest and understanding and excitement, especially now that AI has become a bigger factor in the world than when we started the project.”

Tools of Humanity is currently the startup behind the development of the Worldcoin project. Alex Blania, the CEO of Tools of Humanity, said they want to expand the project to Asian markets, particularly Japan and South Korea.

They are not currently planning to expand in the US due to regulatory issues and ambiguity. “There’s clearly a huge lack of certainty, to put it mildly,” Altman told Bloomberg. “I’m sorry”. According to the Worldcoin website, they have received over 2 million signups.

Bhushan is a FinTech enthusiast and has a good flair for understanding financial markets. His interest in economics and finance draws his attention to the new emerging Blockchain Technology and Cryptocurrency markets. He is in a continuous learning process and keeps himself motivated by sharing his acquired knowledge. In his spare time he reads thriller fiction novels and sometimes explores his culinary skills.

The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.

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