Co-founder of ChatGPT and OpenAI, Sam Altman, has successfully launched the Worldcoin Token and mainnet, gaining massive attention in the crypto space.
The token’s listing on exchanges like Binance, Huobi, Bybit, and OKX resulted in an impressive 60% surge, reaching $2.69 according to Coingecko data.
Worldcoin Token has been eagerly awaited and gained significant popularity since its announcement.
Boasting over 2 million digital ID signups and daily signups of 40,000, the project secured $115 million in funding from major investors like a16z, Bain Capital, and Distributed Global in May.
Despite the excitement, the exact tokenomics will be unveiled later, and it is confirmed that Worldcoin Token will not be available in the United States due to regulatory uncertainty.
The team behind the token, Tools for Humanity, aims to create “the world’s largest identity,” focusing on privacy-first and decentralized solutions.
Co-founder Alex Blania said in a press release: “In the age of AI, the need for proof of personhood is no longer a topic of serious debate; instead, the critical question is whether or not the proof of personhood solutions we have can be privacy-first, decentralized, and maximally inclusive.”
However, concerns about privacy and exploitation have arisen, as reported by MIT Technology Review, questioning the project’s impact on vulnerable communities.
Worldcoin’s migration to the Optimism network, a Layer 2 scaling solution for Ethereum, marks a significant step towards achieving its vision.
As OpenAI grows as a prominent player in the tech space, the future of Worldcoin remains under the spotlight with both excitement and skepticism from the crypto community.
