Worldcoin (WLD) Token Price Shoots Over 75% After Listing on Binance

OpenAI chief Sam Altman officially unveiled the Worldcoin Project to the world earlier today on Monday, July 24. Soon after the announcement, some of the biggest crypto exchanges like Binance have lined up to list the Worldcoin (WLD) token on the platform.

This has resulted in a huge rush of investors looking to grab the WLD token in the early stage of the project. Just over the last hour of its listing on binance, the WLD token price is up by more than 60% and is currently trading at $2.97 with a market cap of $228 million.

On Monday, several crypto exchanges including Binance, Huobi, Bybit, and OKX listed Worldcoin’s WLD token. Worldcoin is a highly anticipated crypto project co-founded by Sam Altman, the co-founder of ChatGPT.

Huobi and Bybit have already listed the WLD token, offering options for both deposits and trading. Bybit will enable withdrawals on Tuesday at 10 a.m. UTC, and OKX will do the same. Huobi users can trade the spot WLD/USDT pair, while Bybit has also made the WLD/USDC pair available for trading.

Sam Altman: AI Fervour Would Boost Worldcoin

Worldcoin is an eyeball-scanning crypto project that uses a device called an “orb” to scan people’s eyeballs and in turn, generate their digital identities. In return, the person gets a “world ID” also called “proof of personhood”.

According to Altman and his co-founders, their new method of digital verification is crucial at a time when AI is making it increasingly challenging to distinguish between what’s created by AI and what isn’t.

In an interview with Bloomberg News, Altman mentioned that the excitement surrounding AI has contributed to generating more enthusiasm around Worldcoin. He said:

“There’s much more interest and understanding and excitement, particularly as AI has become more of a factor in the world than when we started the project”.

Tools of Humanity is currently the startup behind developing the Worldcoin project. Alex Blania, the CEO of Tools of Humanity said that they are looking to expand the project in Asian markets, particularly in Japan and South Korea.

They are currently not looking to expand in the US due to regulatory issues and lack of clarity. “There’s clearly a great lack of certainty, to say it as mildly as possible,” Altman told Bloomberg. “I think it’s a shame”. According to Worldcoin’s website, they have received over 2 million signups.