Worldcoin's WLD Token Listing on Major Exchanges Sparks Controversy and Concerns
Worldcoin's WLD token saw a surge in value after being listed on major crypto exchanges, but concerns have been raised about the project's future. The project aims to revolutionize identity verification using a hardware unit called the Orb, which scans individuals' irises. However, there are concerns about potential abuses of the system, as well as issues regarding privacy, centralization, and security.
The current Market cap / FDV for Worldcoin's WLD Ratio only 0.01
According to ,Share On-Chain Data & Research
Research Analyst Tom Wan at 21co__(Parent Company of @21Shares),The current Market cap / FDV for Worldcoin's $WLD ratio is 0.01, meaning only 1% of the supply is in circulation at the moment. The vesting schedule shows a larger unlock will be starting in July 2024, 6.62M tokens will be unlocked every day (~0.39% of supply).
UK regulator to investigate OpenAI CEO's Worldcoin Project over Iris Scan Data Collection
The UK's data regulator, the Information Commissioner's Office, has announced that it will investigate Worldcoin, a cryptocurrency project created by OpenAI CEO Sam Altman. Worldcoin requires users to provide iris scans in exchange for digital identification and free cryptocurrency. The ICO spokesperson stated that they are aware of the launch of Worldcoin in the UK and will be conducting further inquiries. The project has already launched with two million users from its trial and is expanding its eyeball-scanning operations in 20 countries.
Only 1 Owner of Multi-Signed Contract? Worldcoin May Involve Centralized Risks
The current owner of $WLD is a 1/1 multisig contract with only one owner
Worldcoin Launches Digital Passport and Cryptocurrency, but US Citizens Are Blocked from Access
Worldcoin, a cryptocurrency project co-founded by OpenAI CEO Sam Altman, has launched with a token and "World ID" designed to act as a digital passport. However, the project is not available to US citizens, residents or companies. Worldcoin has included American cities in its "Orb tour" to educate and answer questions about the protocol and facilitate sign-ups for World ID using the Orb, but anyone who completes an Orb scan in the US will not be able to participate in the token drop. The project hopes to increase economic opportunity and enable global democratic processes, while preserving privacy.
Worldcoin (WLD) Soars 33% After Listing on Major Crypto Exchanges Despite Criticism and Concerns Over Circulating Supply
Worldcoin (WLD), the token of the World ID project founded by OpenAI co-founder Sam Altman, has seen a 33% gain in value after being listed on major crypto exchanges on July 24. Despite criticism from some in the crypto sector, WLD's performance on its first day of trading surpassed that of Bitcoin, Ether, XRP, and other cryptocurrencies. However, some traders are concerned about WLD's circulating supply versus its supply cap, as only 1% of the total supply is currently in circulation.
Worldcoin Surges as Major Exchanges Add Support for New Digital Identity Project
Worldcoin, a new blockchain project co-founded by Sam Altman of OpenAI, has seen a surge in value of 34% in the last 24 hours following its listing on major exchanges including Binance, Bybit, OKX, and Huobi. The project uses iris scans with physical hardware called "Orbs" to create unique digital identities and offers a "privacy-preserving" World ID and a digital WLD token.
Vitalik Buterin Raises Privacy Concerns Over OpenAI's Worldcoin Crypto Project
Vitalik Buterin, the creator of Ethereum, has expressed concerns about Worldcoin, a new cryptocurrency project launched by OpenAI. Worldcoin aims to use a hardware device called the "Orb" to scan users' irises and create a decentralized database of identities. However, Buterin has highlighted four major risks to the project, including potential privacy breaches and security vulnerabilities. Despite these concerns, the WLD token has already achieved a fully diluted valuation of $22.5 billion and risen by 33% since launch.
What do I think about biometric proof of personhood?
Special thanks to the Worldcoin team, the Proof of Humanity community and Andrew Miller for discussion.
