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Breaking: ChatGPT Founder Sam Altman To Launch “Worldcoin” Crypto

OpenAI CEO and ChatGPT founder Sam Altman is set to launch his planned cryptocurrency "Worldcoin" on July 24.
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Breaking: ChatGPT Founder Sam Altman To Launch “Worldcoin” Crypto

OpenAI chief executive officer Sam Altman to launch his Woldcoin crypto on Monday. After he revealed its tokenomics earlier, the distribution plan of Worldcoin tokens will also be made public today, according to a report which cites sources familiar with the matter.

Worldcoin, an iris biometric cryptocurrency project. It also includes the World ID system, iris-scanner Orb, and Wold App wallet. While several experts have raised privacy and safety concerns with the project, Worldcoin co-founder Sam Altman suggests that privacy concerns over the company’s iris-scanning AI will diminish when they open-source code.

Worldcoin’s official Twitter account posted a message late Sunday saying “It’s time. 24.7.23.” The post did not have further details.

A spokeswoman at Tools for Humanity, the technology company behind Woldcoin, has declined to comment on the launch or further details.

Also Read: Elon Musk Officially Rebrands Twitter To “X”

In fact, crypto exchange OKX has opened the Worldcoin (WLD) recharge page, which supports ERC20 and Optimism.

The company raised $115 million in a Series C round from Blockchain Capital. Other investors include a16z, Bain Capital Crypto, and Distributed Global. In March last year, the company raised $100 million at a $3 billion valuation.

According to Arkham Intelligence data, a total of 1 billion Worldcoin tokens are issued. The contract address for Worldcoin is 0x163f8C2467924be0ae7B5347228CABF260318753. A part of total WLD tokens was sent to the deposit addresses of crypto exchanges OKX and Bybit. Currently, a total of six wallet addresses hold more than 95% of WLD.

Also Read: Terra Luna Classic Proposal For Community-Owned Wallet Officially Passed, LUNC & USTC Jump

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Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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