"Do investors think this WLD token has potential for the long term?"
After Sam Altman, the Chief Executive Officer (CEO) of OpenAI launched the Worldcoin Project on July 24 yesterday, several cryptocurrency exchanges such as Binance, Huobi, Bybit and OKX without wasting time listed Worldcoin (WLD) on their platforms.
Following the listing, WLD's price surged over 60% at $5.20 as investors reportedly flocked to buy the crypto community's most anticipated digital asset.
For the record, OKX and Bybit which make the WLD/USDC pair available to customers will allow withdrawals on Tuesday at 10am while Huobi users will be able to trade on the WLD/USDT spot trading pair.
WLD is an eyeball scanning crypto project that uses a device called "orb" to scan people's eyeballs to generate their digital identity and in return, the individual will get a world ID which is also called proof of personhood (PoP)*.
*How to counter malicious attacks on peer-to-peer (P2P) networks, especially attacks that use multiple fake identities
According to Altman who is also the co-founder of ChatGPT, the new method of digital authentication is important for Artificial Intelligence (AI) to distinguish whether something is AI or not.
While the CEO of Tools of Humanity, Alex Blania, which is the startup behind the development of the WLD project, said that they are in the process of developing the project in Asian markets such as Japan and South Korea.
Among the reasons why the WLD project does not want to expand in the United States (US) is due to regulatory issues and a lack of clarity, commented Altman, adding that they managed to receive more than 2 million registrations.
As of this writing, the price of WLD saw a retracement but still climbed by 17.86% at $1.96 in the last 24 hours with a market capitalization of $209 million and a trading volume of around $609 million.