The newly introduced WLD token from the Worldcoin crypto project experienced a notable surge on its debut day as investors showed enthusiasm for its association with artificial intelligence. The token’s price initially rose from $1.66 to $3.58 before stabilizing at $2.20 at the time of reporting according to CoinMarketCap data.
Within the last 24 hours, Worldcoin recorded a 100% increase in value. The project’s white paper indicates a fixed initial supply of 10 billion tokens, with the current circulating supply standing at 105,618,043 WLD tokens, according to data from CoinMarketCap. The launch of the eye-scanning crypto project, Worldcoin, took place on Monday, culminating three years of development.
Worldcoin attracts investors on first day
The Worldcoin initiative has attracted attention as it utilizes a device known as an “orb” to scan individuals’ eyes, creating a unique digital identity called “World ID,” which serves as “proof of personhood” for its owner. Sam Altman, Chief Executive Officer of OpenAI, is one of the co-founders of Worldcoin. The project has already started deploying 1,500 orbs to meet the global demand for World IDs. The co-founder’s letter highlights the potential of Worldcoin to significantly expand economic opportunities and establish a reliable means of distinguishing real people from AI entities online.
Following its successful launch, several prominent cryptocurrency exchanges have declared their support for Worldcoin (WLD). Notably, exchanges such as Binance, Gate.io, and KuCoin have listed the token. Binance, for instance, commenced trading for WLD under two trading pairs, WLD/BTC, and WLD/USDT, with withdrawals for the WLD token scheduled to begin on July 25, 2023.