Sam Altman, ChatGPT cofounder’s crypto project Worldcoin has launched its Worldcoin Token (WLD) and mainnet, according to reports on Monday morning.
The company ramped up expectations on Twitter over the weekend, and Semafor first reported the news. Crypto exchanges Binance, Huobi, Bybit and OKX have already listed Worldcoin Token and surged over 60%, sitting at $2.69, per data from Coingecko.
For a long time, the Worldcoin Token has long been anticipated and is coming as OpenAI gradually becomes a big player in the tech space. Worldcoin has been quite popular since its announcement.
The project crossed 2 million in digital ID signups, with about 40,000 daily signups and having secured $115 million in funding from the likes of a16z, Bain Capital, and Distributed Global in May, and experts believe it is poised for steady growth.
How Worldcoin Token and its mainnet works
Sam Altman is the co-founder of Open AI, the company behind ChatGPT and Tools for Humanity is the team behind the token. Its official tagline is “building the world’s largest identity.”
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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.”
The exact tokenomics of the project is expected to be revealed later today but it has been confirmed that Worldcoin Token (WLD) will not be available in the United States due to regulatory uncertainty.
Launching the token means that the project is finalising its migration to the Optimism network, a Layer 2 scaling solution for Ethereum.
Related post:
ChatGPT creator OpenAI sued $3bn for stealing private data to train its AI
However, there is still plenty of doubt regarding the project and concerns about privacy, and one MIT Technology Review report wrote that Worldcoin contractors were exploiting those in poorer regions of the world.
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