In an exciting development, Sam Altman’s crypto startup Worldcoin has unveiled its WLD token and main-net, according to an announcement on Twitter this Monday. The altcoin project has made a great entry into the market. It even managed to outperform the leading altcoin Ethereum on Google Trends.
Worldcoin surpasses leading altcoin Ethereum on Google Trends
Worldcoin (WLD), backed by OpenAI CEO Sam Altman, made a spectacular debut today. The altcoin project uses a proof of identity to distinguish real human identities from bots and other artificial identities. The distinguishing factor is quite interesting. A special ‘Orb’ hardware scans an individual’s iris for biometric evidence. With its launch today, it topped the charts of leading crypto exchanges Binance and Huobi. Altcoin price also recorded a strong increase. At press time, WLD is trading at $2.28, gaining 37% on a daily basis. In addition, Worldcoin has also managed to become a source of great interest in the crypto world. As a matter of fact, it has surpassed the leading altcoin Ethereum in Google searches.
Searches for the altcoin project have outstripped Ethereum, according to Google Trends data. Meanwhile, Kenya, China, Hong Kong, Taiwan and Japan came to the fore in the ranking of the countries most looking for Worldcoin. Türkiye, on the other hand, ranked 56th in the search rankings.
There was no clear launch price for the altcoin. However, in the first times it stepped into the market, it followed a course of $ 1.6. However, the price of WLD took off with the inclusion of the giant crypto exchange Binance in its list. The altcoin has gained more than 100 percent in a short period of time. Thus, it rose to the level of $ 3.3 on the stock markets. However, later the price retreated to the $2.28 levels.
Worldcoin launches main-net
OpenAI head Sam Altman unveiled his ambitious digital identity project Worldcoin early Monday. The project promises to verify the user’s identity by scanning their eyes and creating a database, and to overcome one of the main challenges in user identification caused by advances in artificial intelligence. The WLD token is traded on centralized exchanges such as Binance, Huobi, Bybit, and Gate.io. cryptocoin.com As we reported, WLD price hit an all-time high of $3.30.
The firm announced the launch of its project in a tweet:
The project is accelerating verification and will be rolled out in 35 cities over the next few months. The Worldcoin app is currently available in 120 countries. Although the use of biometric technology initially raised questions about the project, 2 million people were successfully screened. Additionally, Worldcoin assures users that it uses artificial intelligence to generate unique codes to represent scans and follows “very, very local and very specific rules and regulations in each of the markets where an Orb is located.”
The project is accelerating the transition to the Ethereum Layer 2 Optimism network to scale its adoption and usage among users. WLD tokens are currently not available to US-based users in response to regulatory pressure on cryptocurrencies by the US financial regulator, the Securities and Exchange Commission (SEC).
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